North Sea waters have been considered one of the world’s most secure offshore basins for producing crude until now. Equinor, Total Energies and ConocoPhillips have all raised the security level Continue Reading
Skyscrapers in Riyadh, Saudi Arabia. Photographer: Waseem Obaidi/Bloomberg Saudi Arabia is budgeting for Brent oil at around $76 a barrel next year, according to Al Rajhi Capital, an outlook in Continue Reading
Iran’s military operations against opposition groups in Iraqi Kurdistan escalated sharply on Wednesday as it launched three sets of drone and missile attacks deep inside Iraqi territory, killing at least Continue Reading
Iran fast-tracks development of two West-Karoun oil fields with $7 billion plan. The Azadegan fields are shared with Iraq in which it forms the supergiant Majnoon field. Russian oil firms Continue Reading
Israel and Lebanon have been at war since 1948, but the countries are close to an agreement that could increase production of natural gas, helping energy-starved Europe. Officials from the Continue Reading
The 22-year-old woman emerged from the Tehran subway, her dark hair covered with a black head scarf and the lines of her body obscured by loose clothing, when the capital Continue Reading
The autonomous Iraqi region of Kurdistan exported over 37 million barrels of crude oil over the three months to June this year, making $3.8 billion from the sales, local media Continue Reading
The United Arab Emirates agreed to an LNG supply deal with Germany’s RWE during Chancellor Olaf Scholz’s visit to the Gulf. The deal only covers one tanker of LNG, or Continue Reading
Iraq’s highest court has struck down the government order that created the Iraqi National Oil Company (INOC) two years ago, dealing a crippling setback to a nascent effort to restructure Continue Reading
Qatari Foreign Minister Mohammed Bin Abdulrahaman Al Thani speaks to Bloomberg’s Annmarie Hordern in New York about energy talks with Germany and the top agenda items as the UNGA kicks Continue Reading
The UAE looks to speed up the development of its Ghasha sour gas project. The Ghasha concession is the world’s largest offshore sour gas development. Italian oil major Eni is Continue Reading
In an attempt to wrestle back China market share from Russia, Iran is reportedly gearing up to slash the price of its sanctioned crude oil stored offshore Singapore, The Straits Continue Reading
Iraq’s Oil Ministry has removed four oil services firms from a blacklist, including U.S. company Weatherford, after they agreed not to seek new contracts in Iraqi Kurdistan — the latest Continue Reading
Kuwait Petroleum Corporation’s (KPC) chief executive said on Sunday the Gulf state currently produces more than 2.8 million barrels per day of oil in accordance with its OPEC quota. Sheikh Continue Reading
Saudi Arabia’s Arabian Drilling Co. is looking for growth in the kingdom’s crude oil and natural gas production as the country will be “critical” to meet demand for hydrocarbons that Continue Reading
Oil loading and exporting operations from Iraq’s Basrah oil terminal are back to their normal rates after being halted on Friday due to a spillage, which has now been contained, Continue Reading
An oil spill has forced a shutdown of all crude oil exports from Iraq’s Basra Port, oil sector sources said on Friday, cited by Reuters. With four tanker berths, the Continue Reading
The negotiations to revive the Joint Comprehensive Plan of Action (JCPOA) between Iran and the P5+1 (China, France, Russia, the United Kingdom, the United States, and Germany) are, to use Continue Reading
Iran’s supreme leader, Ayatollah Ali Khamenei, canceled all meetings and public appearances last week after falling gravely ill and is currently on bed rest under observation by a team of Continue Reading
Iraq’s nationwide oil production edged up slightly in August to 4.74 million barrels per day (bpd) from 4.72 million bpd in July, according to field-by-field data compiled by Iraq Oil Report. Continue Reading
Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia by a thin margin, while Iraq retained the top spot in August, data from Continue Reading
A new Iran nuclear deal is looking increasingly unlikely after U.S. Secretary of State Anthony Blinken said Iran had taken “a step backward” with its latest comments on the final Continue Reading
Iran says it is ready to continue to cooperate with the UN’s nuclear watchdog but called on the agency “not to yield to Israel’s pressure” over Tehran’s nuclear activities. The Continue Reading
Foreign oil companies operating in Iraq’s semi-autonomous Kurdistan region are ignoring a barrage of legal challenges to their businesses by Baghdad and are investing for the long haul, including activity Continue Reading
Saudi Arabia will supply the full contractual volumes to at least three customers in North Asia, sources familiar with refiners’ allocations from the world’s top crude oil exporter told Reuters Continue Reading
Israel does not anticipate a renewal of Iran’s nuclear deal with world powers before the U.S. mid-term elections in November, an Israeli official said on Sunday, after European parties to Continue Reading
Iraq’s nationwide oil sales fell in August for the second consecutive month, declining to 3.667 million barrels per day (bpd).* Federal exports through the northern pipeline to Turkey dropped by Continue Reading
On most days in the Iraqi capital, jackhammers and electric drills provide the soundtrack to a construction boom, with multistory restaurants taking shape and a new $800 million central bank Continue Reading
The Iranian nuclear deal will be agreed to by the end of September. That’s Fitch Solutions Country Risk & Industry Research’s core view, according to a report sent to Rigzone Continue Reading
Iraq played the role of mediator in a series of secret meetings between Iran and Saudi Arabia. Comments from MbS in April 2021 paved the way for improved relations between Continue Reading
Rising political turmoil in Iraq could soon threaten the country’s oil production, with some analysts suggesting that up to a million barrels per day could be taken offline. As well Continue Reading
After years of planning, Iran is moving to increase production at Phase 11 of South Pars. The first phase involves the drilling of 30 wells plus the fabrication and erection Continue Reading
Iran will raise its oil production capacity to over 4 million barrels per day (bpd) by the end of the current Iranian year that ends in March 2023, the chief Continue Reading
Iran needs stronger guarantees from Washington for the revival of a 2015 nuclear deal, its foreign minister said in Moscow on Wednesday, adding that the U.N. atomic watchdog should drop Continue Reading
Just hours after Iran said on Thursday evening that it had sent a “constructive” response to the final draft of the nuclear deal to the Biden administration, the White House Continue Reading
Saudi Arabia’s oil and gas giant Saudi Aramco could take a stake in French automaker Renault ’s (OTCPK: RNSDF) future thermal engine business after it separates it from its electric Continue Reading
Muqtada al-Sadr on Tuesday gave a speech condemning Monday’s violence and ordering his followers to stop even the peaceful protests that he had earlier ordered. Sadr’s followers appeared to obey Continue Reading
Iran is pressing ahead with its rollout of an upgrade to its advanced uranium enrichment programme, a report by the U.N. nuclear watchdog seen by Reuters on Monday showed, even Continue Reading
BAGHDAD (AP) — An influential Shiite cleric announced Monday that he would resign from Iraqi politics, prompting hundreds of his angry followers to storm the government palace and sparking clashes Continue Reading
A series of rocket attacks on a gasfield in northern Iraq has sent the U.S. contractors working on its expansion packing, dealing a blow to the Kurdish region’s hopes of Continue Reading
Progress toward an Iranian nuclear deal has thrown the spotlight onto a sizeable cache of crude held by Tehran that could be swiftly dispatched to buyers in the event an Continue Reading
The United States and Iran have found a way to address the U.N. nuclear watchdog’s investigations of Tehran’s atomic program that allows both to claim victory for now but delays Continue Reading
Iran has considerable volumes of oil in floating storage that it could quickly release should a deal with the United States be finalized. In an update earlier this month, OilX Continue Reading
Iraq has ambitions to improve electricity supply using solar power, but those plans are being delayed by disputes over payment terms, inexperience among senior officials in dealing with solar agreements, Continue Reading
While Iran says it isn’t trying to build nuclear weapons, a look at its key facilities suggests it could develop the technology to make them. WSJ breaks down Tehran’s capabilities Continue Reading
Iraq’s Oil Ministry is threatening to take aggressive international legal action to stop the Kurdistan region from continuing to export crude oil independently of Baghdad. In a letter sent to Continue Reading
Israel’s natural gas production surged 22% in the first half of the year, as the government plans to ramp up exports that will make their way to Europe, where the Continue Reading
Russia and Iran are building the foundation for a potential natural gas cartel. The Russia-Iran alliance aims to control as much of the two key elements in the global supply Continue Reading
The Kurdistan region’s Ministry of Natural Resources (MNR) has initiated an appeal of a Baghdad court’s July decision to invalidate four contracts with international oil companies — a move that could delay Continue Reading
Eni has announced a ‘significant’ gas discovery in the Cronos-1 well. Eni has announced a “significant” gas discovery in the Cronos-1 well, which was drilled in Block 6, around 100 Continue Reading
