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 …
Read More »The number of U.S. oil-producing companies filing for bankruptcy has exceeded 200 in the first quarter of 2020, and as billions of dollars in revenue have vanished amid low oil prices, thousands of workers have also lost their jobs. Due to the coronavirus, crude oil prices last month hit their …
Read More »Condensate Refineries Stymie US Anti-Iran Sanctions
Iran is in the brink of halting export of gas condensates and is instead going to process the ultra-light oil in its new refineries to produce higher-value chemicals, oil Minister Bijan Namdar Zangeneh said.
Read More »Arrival of Iranian Oil Tanker, Carrying Gasoline, to Venezuela Embarrasses US
Shipping gasoline to Venezuela embarrassed and humiliated US more than ever like pounding US’s Ain al-Assad military base in Al-Anbar Province in Baghdad.
Read More »NASA’s Next Great Leap
While it may seem like the whole world has come to a standstill, NASA is notably continuing to prep for one of the most important missions in recent memory, set to launch on the 27th of May, coinciding with the week of Memorial Day. Riding aboard a SpaceX-built Falcon 9 …
Read More »Oil, Gas Projects under Way despite Sanctions
The United States cannot bring our nation to its knees because of the plans that we will implement in 1399, after two years and a few months of severe sanctions.
Read More »US Becomes the Most Attractive Country for Renewable Energy Investment
The UK has ranked sixth on the 55th EY Renewable Energy Country Attractiveness Index.
Read More »What Negative Price Meant
On 20 April 2020, West Texas Intermediate (WTI) futures experienced unprecedented developments. WTI contract prices for delivery in May dropped to below zero.
Read More »
Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel