Several Mena countries have already begun exploring energy storage as a way to integrate new renewable generation resources .
Read More »Arctic Ocean Methane Seeps Cool Water. Help Reduce Global Warming
Methane is a greenhouse gas that traps 30 times as much heat in the atmosphere as CO2.
Read More »Macron Win. OPEC Cuts Not Enough to Stimulate Oil Markets
An extension of the OPEC agreement will not be enough to raise global oil prices significantly.
Read More »Iran Prepares Gas Lawsuit against Turkmenistan
Iran and Turkmenistan signed a gas contract in 1997 for a period of 25 years.
Read More »Oil Show Helpful in Realizing 2nd Iran Petchem Jump
The showcase is being held with 4.000 exhibitors from across the globe running 1.800 pavilions.
Read More »Ministry Denies Obstruction in Export Payments
Oil ministry is in talks with oil and gas giants for $70 billion worth of development projects.
Read More »Baker Hughes Claims to Have Cut Millions of Dollars off Deepwater Fracking Costs
Baker Hughes have built a new deepwater fracturing tool that it claims can save companies “hundreds of millions of dollars”. The American-based oil service firm announced the new tool. DEEPFRAC. which eliminates certain steps of offshore fracturing operations and induces rapid stimulation of over 20 stages. On a recent job …
Read More »Iran`s New Oil Contracts Will Help Job Creation
New contracts with international oil majors will help create thousands of jobs and plough billions of dollars into the key petroleum industry. according to Reza Khayyamian. head of the Society of Iranian Petroleum Industries Equipment Manufacturers. If foreign companies come to Iran`s energy market and sign the (oil) deals. almost …
Read More »Baker Hughes Introduces Multi-Stage Fracturing Service for Deep Water
Conventional offshore stimulation systems are often limited to only five zones or ‘stages’ and these systems lack configuration flexibility.
Read More »Iran Offers Tax Incentives to Renewable Sector
Iran has pledged to increase the share of renewables in its power mix to 7.500 MW by 2030.
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