Current oil prices at around $80 per barrel adequately reflect the situation on the market, Russian Deputy Prime Minister Alexander Novak told Rossiya-24 in an interview after the OPEC+ meeting, Oilprice anaylsed. There are a number of both bullish and bearish factors that will determine where prices will go in …
Read More »
In a press conference, the Minister of State for Energy Affairs and QatarEnergy’s CEO Saad Sherida al-Kaabi revealed the brand name and the logo. Al-Kaabi said: • This follows a historic evolution that saw Qatar Petroleum Company (QPC) transform into Qatar General Petroleum Corporation (QGPC), then becoming Qatar Petroleum (QP), …
Read More »
Rosneft and the Ministry of Economy, Trade and Industry of Japan (METI) have signed a Memorandum of Cooperation on carbon management. The document is signed to continue the cooperation between the Company and METI and provides for the development of the parties’ interaction to implement lower-carbon projects with the participation …
Read More »A working meeting between Alexey Miller, Gazprom´s CEO, and Rainer Seele, CEO of OMV, took place on Friday in Russia. The parties expressed appreciation for the strategic cooperation between Gazprom and OMV, noting in particular their successful collaboration on the development project for the Yuzhno-Russkoye field. The field’s annual design …
Read More »
In H1 2021, natural gas became Germany’s main source of energy for the 1st time ever, according to AGEB energy industry think tank. From January to June, German primary energy consumption gained 4.3% year-on-year, amounted to 6191 petajoules. Natural gas use increased by 15.6% year-on-year. The main reason for this …
Read More »
European energy system will need similar amounts of natural gas in a feasible net-zero future as it does today, shows the study commissioned by the Hydrogen4EU consortium. Hydrogen4EU is a research partnership aiming to inform on the contribution of low-carbon and renewable hydrogen in reaching the European energy transition goals. …
Read More »
According to these sources, Russia has been producing some 10.42 million bpd of crude oil and condensates since the start of the month, which is lower than May’s average of 10.45 million bpd. The reason for the decline could be related to difficulties with boosting production at older fields, other …
Read More »
Iraq has signed a contract to drill 96 oil wells in the West Qurna-1 oil field located in the southern province of Basra to raise the production, according to a statement by the Ministry of Oil. The state-run Basra Oil Company and the contractors for the West Qurna-1 oil field, …
Read More »
Russia-to-Turkey natural gas pipeline Turkish Stream will temporarily halt gas flow on June 22-29 on its offshore lines for annual maintenance and routine diagnostics, the project company TurkStream, said today. The works will be carried out by South Stream Transport B.V., the operator of the offshore pipeline system. TurkStream consists …
Read More »
China will this year overtake Japan as the world’s largest importer of liquefied natural gas, ICIS Edge, a service of market intelligence provider ICIS, said this week, as quoted by Reuters. China is already catching up with Japan in terms of LNG imports: • Japan imported 76.32 million tons of …
Read More »
Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel