Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
China’s capital city Beijing has expanded use of natural gas to account for 32 percent of its energy mix, becoming the second largest natural gas-consuming city in the world, PetroChina Beijing Gas Pipeline Co told reporters. This is the highest level of natural gas used in a Chinese city, in …
Read More »Oil Prices are Only Going in One Direction
This was supposed to be a time when things were getting closer to normal for OPEC. A recovery in oil demand after the first wave of the pandemic, coupled with a deep slump in U.S. production, was meant to leave the world needing more of its members’ crude. But it …
Read More »A Cheaper Solar Power
The International Energy Agency recently said solar farms were among the cheapest sources of electricity. It called solar “the new king of electricity”. But there has always been one aspect of solar that, unlike costs, cannot really change: land need. Solar farms need a lot of land and critics have …
Read More »Oman Records Decrease in Domestic Production, Import of Natural Gas
The total domestic production and imports of natural gas in the Sultanate have registered a decrease of 0.7 per cent during the first nine months of 2020. A statement issued online by Oman News Agency (ONA) said, “A decrease in the total domestic production and imports of natural gas in …
Read More »One of Iraq’s Priorities Is to Develop the Gas Industry
The Iraqi Ministry of Oil announced on Saturday that one of its priorities is to develop investment projects for associated and free gas. Oil Minister, Ihsan Abdul-Jabbar, said in a statement, “serious work is being done in implementing these projects despite the financial and economic challenges and difficulties, with cooperation …
Read More »IAEA Sees Germany as Key Member, despite Nuclear Phase Out
Germany is showing continued strong support for the International Atomic Energy Agency’s mission to foster global peace and development, even as the country phases out its own use of nuclear power, IAEA Director General Rafael Mariano Grossi said yesterday during a two-day visit to Germany. Decommissioning and waste management will …
Read More »Oil Prices Slide as Election Uncertainty Remains
Oil prices dropped by nearly 2 percent early on Friday as the U.S. reported a second consecutive day of record coronavirus cases, while the counting in the presidential election continued. Oil prices rose earlier this week and on Election Day on Tuesday, supported by a rally in financial markets and …
Read More »Wood Mackenzie Lowers Forecasts for World Oil Consumption
The emergence of the new round of restrictions caused by COVID-19 in Europe, and signs of economic weakness in some other countries including the US, have prompted Wood Mackenzie’s analysts to revise down their forecasts for world oil consumption in the last quarter of 2020 and the first of 2021, …
Read More »Coal Consumption in U.S. Electricity Sector Plunges 30%
Competition from record-low natural gas prices and reduced power demand in the lockdown in the spring sent coal consumption in the U.S. power sector down by 30 percent in the first half of 2020 compared to the same period last year, the U.S. Energy Information Administration (EIA) said on Friday. …
Read More »Iran Begins Drilling on Phase 11 of South Pars Field
The drilling operation on Phase 11 of South Pars Gas Field in southern Iran began on Saturday, an official reported. Mohsen Rezaei, the caretaker of the development project of Phase 11 of South Pars Field, said that the project aims to excavate about one billion cubic feet of gas from …
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