Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Russia’s Gazprom will send 40.3 million cubic metres (mcm) of gas to Europe via Ukraine on Saturday, the company said, down from 40.6 mcm on Friday.
Read More »Gazprom to Send 40.3 mcm of Gas to Europe via Ukraine on Saturday
Reuters Survey: OPEC Output down 460,00 BPD this Month
A Reuters survey on Wednesday shows a drop in OPEC oil output for May following voluntary production cuts by OPEC+ said to help support the market. According to the survey, OPEC production was down 460,000 barrels per day from April, and down more than 1.5 million bpd from September, though …
Read More »OPEC Sec General Says Underinvestment could Trigger Oil Market Volatility
OPEC Secretary General Haitham Al Ghais said on Monday that underinvesting in the oil and gas sector could cause market volatility in the long term and imperil growth. He also said the world needs to focus on reducing green house gas emissions rather than replacing one form of energy with …
Read More »Shell to Use New AI Technology in Deep Sea Oil Exploration
Shell Plc will use AI-based technology from big-data analytics firm SparkCognition in its deep sea exploration and production to boost offshore oil output, the companies said on Wednesday. SparkCognition’s AI algorithms will process and analyze large amounts of seismic data in the hunt for new oil reservoirs by Shell, the …
Read More »Abu Dhabi’s ADNOC Looks to Raise up to $607 mln from IPO of Logistics Unit
State oil giant Abu Dhabi National Oil Co (ADNOC) said on Tuesday it has set a price range for an initial public offering of its marine and logistics unit that could raise up to $607 million and could give ADNOC Logistics & Services (ADNOC L&S) an equity valuation of as …
Read More »Russia’s Novak Says OPEC+ Remains Efficient Tool for Global Oil Market
Russian Deputy Prime Minister Alexander Novak said on Wednesday that OPEC+, the group of leading oil producers, remains an efficient tool for coordination on global oil markets. The Organization of the Petroleum Exporting Countries and other large oil producers led by Russia have been seeking to cordinate their actions on …
Read More »European Countries Aim to Turn North Sea into Green Power Engine
Leaders from European countries surrounding the North Sea are set to pledge to expand renewable generation in the region to strengthen energy security, at a summit in Ostend, Belgium, on Monday. Seven European Union countries, including France, Germany and the Netherlands, alongside non-EU countries Norway and the United Kingdom, will …
Read More »Iraq to Ask Turkey to Restart Northern Oil Exports after Initial KRG Deal
Iraq’s federal government and the Kurdistan Regional Government (KRG) have reached an initial agreement to restart northern oil exports this week, a KRG spokesman said on Sunday, and Baghdad will write to Turkey to request a resumption in pipeline flows. Turkey stopped pumping about 450,000 b/d of Iraqi crude from …
Read More »Baghdad and KRG Close to Deal to Resume Iraq’s Northern Oil Exports
Iraq’s federal government and the Kurdistan Regional Government (KRG) are close to striking a deal aimed at resuming northern oil exports, four sources familiar with the discussions told Reuters on Saturday. Turkey stopped pipeline flows from the Kirkuk fields in northern Iraq’s semi-autonomous Kurdistan region to its port of Ceyhan …
Read More »Saudi’s China Refinery Deal Covers Crude Oil Storage and Petrochemical Supplies
Saudi Aramco’s new refinery deal to buy a 10% stake in private Chinese chemical group Rongsheng Petrochemical includes agreements on crude oil storage in eastern China and the supply of plastics and petrochemicals to the Middle East energy giant. Saudi Aramco said on Monday it would buy the stake in …
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