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Foreign sales of Russian crude dropped 8% in the first seven months of 2021 compared to the same period a year ago, according to the latest report by the Russian Energy Agency. The country exported 129.104 million tons of crude oil between January and July of 2021. Meanwhile, foreign shipments …

China’s largest offshore oil producer China National Offshore Oil Corp (CNOOC) on Monday announced that Liuhua 16-2 oilfield cluster, China’s first independent deepwater oil and gas project, is now in full-throttle production in the South China Sea. CNOOC hailed the new progress at Liuhua 16-2 oilfield cluster as another major …

The head of the Atomic Energy Organization of Iran (AEOI), Ali Akbar Salehi, stressed that the Iranian nuclear achievements are unique. Attending the opening of the Oil Ministry and the Atomic Energy Organization (AEOI) projects, Ali Akbar Salehi noted that the Atomic Energy Organization of Iran proved that it had …

Aramco has refuted recent reports claiming that the company plans to embark on Bitcoin mining activities. In a statement, Aramco said: “With reference to recent reports claiming that the company will embark on Bitcoin mining activities, Aramco confirms that these claims are completely false and inaccurate.” Aramco is a global …

Europe’s largest port is involved in a study that looks at shipping hydrogen using existing infrastructure. Port of Rotterdam Authority, Koole Terminals, Chiyoda Corporation and Mitsubishi Corporation have signed an agreement on a joint study on the feasibility of a commercial-scale import of hydrogen from overseas sources to one of …

Russia increased oil production in July for the first time in three months, after more generous quotas were extended to the entire OPEC+ alliance. Producers pumped 44.24 million tons of crude and condensate last month, according to preliminary data from the Energy Ministry’s CDU-TEK unit. That’s about 10.46 million barrels …

Russia’s Lukoil PJSC is retracting its decision to sell its stake in West Qurna-2 field in the south to Chinese companies, according to Iraqi state-run newspaper Al-Sabah. Iraq’s oil ministry has been in talks with the company for the last six months to convince it to repeal its decision, and …

Amid all the talk of global warming, climate change-induced catastrophes, decarbonization and green finance, the global trade in “dirty” coal is enjoying an ironic renaissance. Bulk ships are busy transporting coal to Asia — and to eco-conscious Europe — boosting freight income for some of the very shipowners who publicly …

Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi inaugurated isotope technologies labs complex in Arak, Markazi province in Western Iran. “The research-production project was funded through the income of Arak Heavy Water Production Plant,” Salehi said addressing the inauguration ceremony on Saturday. He expressed the hope …

In the region, work is under way to drill new, deeper wells, Trend reports citing turkmenian media. At the same time, productive wells are transferred to the gas-lift method of operation. The work carried out significantly contributes to an increase in the volume of oil produced here. The total volume …