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Turkey Extends Controversial Mediterranean Gas Exploration

Turkey has extended until mid-September a controversial east Mediterranean gas exploration mission that has put it at odds with Greece and the rest of the EU. Ankara deployed the Oruc Reis research vessel and warships to the disputed waters on August 10 and prolonged the mission twice. Greece responded by …

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Samsung Heavy’s LNG Liquefaction Technology Certified by ABS

Samsung Heavy Industries said Tuesday it obtained a detailed design approval from the US ship classification organization American Bureau of Shipping for its natural gas liquefaction cycle technology, the first in the shipbuilding industry. The shipbuilder said, upon the approval, it can save costs for the payment of technology fees …

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Oil Prices Rise 1% as Mood on Dollar Sours

Oil prices gained on Tuesday, reversing overnight losses, as investors moved into risk assets and stayed away from the safe-haven U.S. dollar which hit multi-year lows. Brent crude LCOc1 futures climbed 47 cents, or 1%, to $45.75 a barrel at 0635 GMT. U.S. West Texas Intermediate (WTI) crude CLc1 futures …

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OPEC Explores New Technologies

The Organisation of Petroleum Exporting Countries (OPEC) at the weekend said it was going to explore the future of blue hydrogen, digitalisation in the energy sector and cyber security and blockchain technology. Its Secretary-General Mohammad Barkindo, said the oil and gas sector has always been keen on deploying the latest …

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Non-Oil Export to Iraq on Positive Track

Seyyed Hamid Hosseini, a member of the board of directors of the Iran-Iraq Joint Chamber of Commerce has announced that Iran’s non-oil exports to Iraq is increasing and on a positive track. According to him, about 3,000 trucks are carrying Iranian goods to Iraq on a daily basis. About 1,500 …

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