Exxon Mobil is preparing to cut jobs in the U.S. as the oil giant focuses on a slimmed-down and more efficient organizational structure, according to people familiar with the matter. Between 5% and 10% of U.S.-based employees who are subject to performance evaluations could end up leaving this year after …
Read More »U.S. LNG Exports Crash by More Than 50%
Historically low natural gas prices from Asia to Europe and lower demand in the pandemic have resulted in U.S. exports of liquefied natural gas (LNG) dropping from 8.1 billion cubic feet per day (Bcf/d) in January to an expected export volume of just 3.2 Bcf/d in July, the U.S. Energy …
Read More »MP Advises IAEA not to Sacrifice Iran’s Interests for US Excessive Demands
A senior Iranian lawmaker advised the International Atomic Energy Agency (IAEA) on Wednesday not to sacrifice Iran’s legitimate interests for the sake of the US excessive demands though knowing that Tehran has done its activities under the IAEA supervision. Hossein Nooshabadi, member of Majlis (Parliament) National Security and Foreign Policy …
Read More »Oil Rises after Trump Assurance on China Trade Deal
Oil prices rose on Tuesday after a volatile session sparked by confusion over the status of the U.S.-China trade deal. Markets were unsettled by surprise comments from White House trade adviser Peter Navarro, who said the hard-won deal was “over”, though U.S. President Donald Trump later soothed jangled nerves with …
Read More »New Jersey Could Soon Be Home to a Major Offshore Wind Port, with Construction Due to Begin Next Year
The plans for New Jersey represent another step forward for America’s fledgling offshore wind sector.
Read More »Iraq to Boost Power Generation, Restart Solar Tender amid US Pressure on Iran Imports
Iraq plans to increase its generating capacity by September and restart a 755 MW solar tender, an electricity ministry spokesman said on June 18, as OPEC’s second-largest oil producer comes under increased US pressure to wean itself off Iranian electricity and natural gas imports. Iraq plans to add 635 MW …
Read More »Schlumberger Launches Tech Agreement with CNPC Logging
Schlumberger is collaborating with China Petroleum Logging Co. Ltd., a subsidiary of China National Petroleum Corporation, to jointly manufacture wireline downhole technology in China. The collaboration will provide CNPC Logging with a license to manufacture fit-for-basin wireline technology. Schlumberger will support CNPC Logging on the manufacturing and sustaining activities for …
Read More »US Shale Oil Output to Fall to 7.6 Million b/d in July, Lowest in 2 Years
US shale oil production will slip to 7.632 million b/d in July, down 93,000 b/d from June and the lowest in two years, the US Energy Information Administration said June 15. EIA trimmed its estimate for June production by 97,000 b/d from last month’s outlook to 7.725 million b/d, according …
Read More »PG&E to Launch Five Energy Storage Projects Totalling 423MW in California
The projects are focused on reducing greenhouse gas emissions and enhancing the Californian grid’s reliability.
Read More »Iran Eyes 100 mt Petchem Output in 1399
Iranian Minister of Petroleum Bijan Zangeneh said the country’s petrochemical production capacity was planned to cross 10 million tons per year in the current Iranian calendar year which began on March 20. Speaking to Eqtesad Radio Channel, Bijan Zangeneh underlined the most important plans of the Iranian Ministry of Petroleum …
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