Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Headlines are currently screaming at readers: “Oil markets starved of essential Russian and Saudi barrels.” And yet, only a few weeks ago the world was awash with Saudi and Russian oil as global demand tanked because of the coronavirus disease (COVID-19) pandemic. The US president appealed to the two biggest …
Read More »Russia-led Nord Stream 2 Gas Pipeline Could Be Completed Soon
A Russian vessel capable of completing the pipelaying for the Gazprom-led Nord Stream 2 natural gas pipeline project left a German port on Wednesday and entered Danish waters where the last section of the controversial pipeline has yet to be completed. According to vessel-tracking data from Refinitiv Eikon cited by …
Read More »IEA to Help Indonesia Accelerate the Energy Transition
In Indonesia, the Ministry of Energy has partnered with the International Energy Agency (IEA) to accelerate the uptake of renewable energy in the country. The ministry and IEA are partnering with utility PT Perusahaan Listrik Negara (PLN Persero) to launch a new joint project on electricity and renewable energy. The …
Read More »US Natural Gas Consumption to Drop 3% This Year
US natural gas consumption is forecast to fall 3 percent this year from fewer drillings due to the coronavirus pandemic and demand could decline as much as 5 percent in 2021, the Energy Information Administration said in its July outlook. “EIA expects US natural gas consumption will decline by 3% …
Read More »China Is Running out of Storage
When the bottom fell out of international crude oil markets earlier this year, global oil storage was at a premium. In the United States, finding sufficient crude oil storage became such a challenge that the West Texas Intermediate crude benchmark plummeted below zero on April 20, ending the day at …
Read More »Libyan Crude Exports Drop again as Port Blockade Drags on
Libya will export two oil cargoes totaling 1.2 million barrels in July — a third less than in June — as forces opposed to the Tripoli-based government continue to block shipments from most of the OPEC member’s ports. The Bouri and Farwah terminals will each ship one cargo of 600,000 …
Read More »Iran Exports 273000 bpd of Crude Oil in June
It is estimated that Islamic Republic of Iran has exported 273,000 barrels of oil per day (bpd) in June 2020. All of Iran’s oil storage tankers are fully loaded, so that Iran’s export of crude in June 2020 hit 273,000 barrels per day (bpd). Iran’s crude oil production volume hit …
Read More »Denmark Allows Nord Stream 2 to Complete Pipeline Hit by US Sanctions
Danish Energy Agency on July 6 gave Nord Stream 2 permission to use pipe laying vessels with anchors to complete the final stretch of the gas pipeline in Danish waters, allowing the company to restart work on the pipeline from Russia to Germany that was hit by US sanctions. Nord …
Read More »North Sea Countries Vow Closer Cooperation on Offshore Wind
Ministers of the North Seas countries have called for an EU framework to tackle barriers to the deployment of multinational “hybrid” offshore wind energy projects. Energy Ministers from Belgium, Denmark, France, Ireland, Luxembourg, the Netherlands, Norway, Sweden, Germany and the European Commission met by videoconference on 6 July 2020 under …
Read More »Global Wind and Solar Generation Smash New Record, Doubling since 2013
Global wind and solar generation have smashed a new record in 2019. That’s according to a new analysis by think tank Ember, which suggests wind and solar energy generated 8.2% of global electricity last year, more than double of the 3.4% renewable share of 2013. Findings of the report also …
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