Iraq, OPEC’s second-biggest oil producer, said crude prices will be in the range of $68 to $75 a barrel in the second half. The price range is expected because of a commitment to OPEC+ output cut, Iraq’s Oil Minister Ihsan Abdul Jabbar told reporters at the Baghdad International Book Fair. …
Read More »
Denmark’s government has said that it will end all new oil and gas exploration and extraction in the North Sea by 2050. The Nordic country also agreed to cancel its latest licensing round, which allows companies to search for and produce oil and gas. The move eight planned licensing rounds …
Read More »
Russia’s Nord Stream 2 said on Saturday it planned to resume pipe-laying work on a 2.6 kilometre (1.62 mile) stretch of the stalled Moscow-backed gas pipeline to Europe in Germany’s Exclusive Economic Zone. The 1,230 km pipeline under the Baltic Sea, which Moscow hopes will boost the amount of gas …
Read More »
BP has announced the sale of its London head office to Hong Kong investment firm Lifestyle International for £250m ($332m). The British oil giant also agreed to lease its 1 St James’s Square property in central London back from Lifestyle International for two years, saying the deal would give it …
Read More »
Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel