U.S. sanctions are definitely changing production and price patterns in heavy crude and so is U.S. production.
Read More »SINOPEC Launches First Sustainability Report in Saudi Arabia
It is the first sustainability report issued by a Chinese company in the Kingdom.
Read More »Iran to Operationalize 132 km Rail Route by 2 Months
Iranian Vice-President and Head of the Management and Planning Organization Mohammad Baqer Nobakht announced that the government will put into operation a 132 kilometer rail route in the Northeastern province of East Azerbaijan within the next 2 months.
Read More »China’s CNPC Backs out of Venezuela Oil Deal in Wake of Ramped up US Sanctions
China has imported 339.000 barrels a day of Venezuelan oil this year.
Read More »Two Thirds of Nord Stream 2 Pipeline has been Completed
The new gas pipeline will double the capacity of the first Nord Stream. the route of which it will basically repeat.
Read More »India Strengthens Energy Tie-up with Gulf Region
The new arrangement will compensate for the stoppages of RIL’s purchases of Iranian and Venezuelan crude following US sanctions on both countries.
Read More »BP Chargemaster Plugs in Its First Ultra-Fast EV Chargers in Britain
The two new 150kW chargers are the first in a planned rollout of 400 ultra-fast charging points at BP sites by the end of 2021.
Read More »First Oil Flows From Giant $7.7bn UK North Sea Development
The Mariner field is estimated to produce more than 300 million barrels of oil over the next 30 years.
Read More »Softbank Vision Fund Invests $110m in Swiss Energy Storage Start-Up
Energy Vault claims its technology enables renewables to deliver baseload power for less than the cost of fossil fuels 24 hours a day.
Read More »Audi E-Tron Becomes First EV to Score Maximum Safety Rating
It received the maximum score from the Insurance Institute for Highway Safety after being assessed across six different crash tests.
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