Turkey’s state-owned energy company TPAO has applied for a license to explore crude oil in the eastern Mediterranean, the Turkish Energy Ministry said in a statement in the country’s Official Continue Reading
The world’s largest oil company, Saudi Aramco , is planning to raise tens of billions of dollars by selling more stakes in its businesses. The Saudi Arabian state-controlled firm created Continue Reading
At least 14 rockets hit an Iraqi airbase hosting the U.S. and other international forces on Wednesday, wounding two American service members, U.S. officials said, while Kurdish-led forces in Syria Continue Reading
The pandemic stalled factories and shut down businesses around the world, causing a historic drop in oil demand just as production was reaching new highs. (Originally published April 16, 2020) Continue Reading
Iraq’s output fell to 3.862 million b/d in June Iraq’s quota rose in June vs May It is OPEC’s second-biggest producer Iraq’s total oil production, including flows from the semi-autonomous Continue Reading
There’s a lot of buzz going around about green hydrogen. It’s virtually emissions-free, it burns hot enough to replace combustible fossil fuels, and when it combusts it leaves behind nothing Continue Reading
Lebanon, which is in the midst of a severe economic crisis, is “days away” from a social explosion, the country’s caretaker prime minister warned on Tuesday, moments before renewed, violent Continue Reading
European countries expressed “grave concern” about Iran’s latest move Iran has begun the process of producing enriched uranium metal, it has told the global nuclear watchdog. Tehran informed the International Continue Reading
In keeping with its geographical position directly between Saudi Arabia on its west and Iran on its east, Qatar’s geopolitical positioning is a tricky thing to manage. In recent months, Continue Reading
When the Bush Administration invaded Iraq in the spring of 2003, allegations that the US’ core interest is Iraq’s immense oil bounty were plentiful. Whilst US-based oil services companies certainly Continue Reading
Iran’s sole nuclear power plant has been brought back online after an emergency shutdown two weeks ago, its manager told state media early on July 5. The ISNA news agency Continue Reading
BP is considering quitting upstream operations in Iraq, where the supermajor operates the biggest oilfield, Iraqi Oil Minister Ihsan Abdul Jabbar Ismaael said in a video posted on the oil Continue Reading
Israel reported on Monday a decrease in the effectiveness of the Pfizer/BioNTech COVID-19 vaccine in preventing infections and symptomatic illness but said it remained highly effective in preventing serious illness. Continue Reading
As she sat in the sun in her Mini Cooper inching her way through a long line of cars to get gas, Lynn Husami, 23, tried to use her time Continue Reading
A long-delayed deal between Saudi Arabia’s flagship oil company, Saudi Aramco, and Indian conglomerate, Reliance Industries, looks closer to going ahead following the recent appointment of Aramco chairman, Yasir Al-Rumayyan, Continue Reading
The unsuccessful attempts by OPEC+ to reach a deal on output cuts increase the risk of creating a supply squeeze in an already tight market, which could potentially send oil Continue Reading
A few years ago, the United Arab Emirates and Saudi Arabia went as far as secretly drawing a plan for a political union.While a confederation did not materialize, the Gulf’s Continue Reading
Highlights UAE’s ADNOC spending $122 bil through 2025 ADNOC boosting capacity to 5 mil b/d by 2030 It wants Murban futures to become benchmark OPEC is no stranger to squabbles, Continue Reading
Current Oct 2018 baseline is unfair: UAE energy ministry Wants extension of current pact beyond April 2022 to be discussed later OPEC+ to meet virtually July 5 to resume talks Continue Reading
OPEC+ ministers set to meet July 5 to resolve impasse Saudi and UAE disagree over extension of current pact Iraq is OPEC’s second biggest producer Iraq supports the proposal to Continue Reading
Iran’s Oil Minister Bijan Namdar Zanganeh said his country has taken “many measures” to ensure it can raise crude production in “a very short time” if U.S. sanctions are lifted, Continue Reading
A commercial ship that was previously owned by an Israeli-led company was attacked in the Indian Ocean on Saturday in what appeared to be the latest tit-for-tat in a shadowy Continue Reading
While Saudi Arabia continues to develop its oil industry, it is not shying away from alternative energy options, with state-owned Aramco now heavily investing in hydrogen technology. Saudi Arabia still Continue Reading
Iraqi Oil Minister Ihsan Abdul Jabbar said in a video posted on Saturday on the ministry’s Facebook page that BP (BP.L) was considering withdrawing from Iraq, and that Russia’s Lukoil Continue Reading
Saudi Arabia plans to target international transit passenger traffic with its new national airline, going head-to-head with Gulf giants Emirates and Qatar Airways and opening up a new front in Continue Reading
An official of Iranian Truck and Fuel Tanker Drivers’ Union said Thursday that drivers were refusing to transport fuel due to low or late payments from the government. There has Continue Reading
Iran has been restricting U.N. nuclear inspectors’ access to its main uranium enrichment plant at Natanz, citing security concerns after what it says was an attack on the site by Continue Reading
Highlights Iraq’s quota rose in June to 3.954 million b/d Quota to rise further to 4.016 million b/d in July Iraq is OPEC’s second-biggest producer Iraq’s federal oil exports, excluding Continue Reading
Iraq’s top tax authority has ordered government departments to stop issuing visas and halt imports for nearly two dozen international energy companies whom it accuses of late tax payments. If Continue Reading
Tehran — Iranian President Hassan Rouhani gave assurance on June 30 that recent labor protests did not impact energy supply in the country or its exports and vowed to solve Continue Reading
At June’s G7 meeting, U.S. President, Joe Biden, received the backing of the world’s seven largest advanced economies (comprised of the U.S., the U.K., Germany, France, Italy, Canada, and Japan) Continue Reading
Power blackouts throughout Iraq threaten to cause new bouts of social unrest over chronic failures to build adequate domestic gas and electricity supply. An Iraqi worker fixes wiring linked to Continue Reading
Saudi Arabia plans to start a second national airline in an effort to turn the oil-rich kingdom into a transport hub and help diversify its economy. The strategy also includes Continue Reading
A key oilfield near a U.S. military base in Syria’s Deir Ezzor region came under rocket attack on Monday, hours after the U.S. military said on Sunday it had carried Continue Reading
Highlights Preliminary deal called for Aramco to take 25% stake FID already expected to be delayed to 2022 Sempra’s efforts to finalize a long-term deal with Saudi Aramco to support Continue Reading
Oil and petrochemical workers from 60 companies across eight Iranian provinces are now on strike demanding higher wages and better contractual conditions, Iran International reported , adding that the strikes Continue Reading
U.S. President Joe Biden’s latest strikes against Iran-backed militia in Syria and Iraq were not the first nor likely the last of his young presidency. For some of Biden’s fellow Continue Reading
A number of false assumptions have continued to cloud the coverage of the ongoing re-negotiation between the U.S. and Iran of a new iteration of the Joint Comprehensive Plan of Continue Reading
Highlights Loan to help boost Basrah Gas Co’s processing capacity by 40% BGC currently treats 900 MMcf/d of associated gas BGC is JV between South Gas Co., Shell and Mitsubishi Continue Reading
srael has serious reservations about the Iran nuclear deal being put together in Vienna, new foreign minister Yair Lapid told his American counterpart, as he pledged to fix “the mistakes Continue Reading
Just when it looked like Iraq was becoming a regional leader it decided to halt a $2 billion pre-paid oil supply deal with China’s state-owned Zhenhua Oil Co. despite aims Continue Reading
The United States said on Sunday it carried out another round of air strikes against Iran-backed militia in Iraq and Syria, this time in response to drone attacks by the Continue Reading
Iran said on Monday it has yet to decide whether to extend a monitoring deal with the U.N. nuclear watchdog which lapsed last week, amid Washington’s warning that Tehran’s failure Continue Reading
Highlights Iraq aims to generate 20-25% of energy from renewables Country suffers from electricity shortages, especially in summer Also seeks to lower oil volumes used for power generation Iraq has Continue Reading
One of OPEC’s largest producers, the United Arab Emirates (UAE), is considering the potential adoption of a net-zero by 2050 goal, Bloomberg reported on Thursday, citing sources with knowledge of Continue Reading
Iran is without doubt one of the wealthiest countries in terms of energy production. Not only does the Middle Eastern country possess the world’s 2 nd largest natural gas reserves Continue Reading
The United States has agreed to lift all sanctions on the Iranian oil and shipping industry and to remove several senior officials from a blacklist, Reuters has reported , citing Continue Reading
The value of Saudi Arabia’s oil exports in April climbed 109% to 51.7 billion riyals ($13.79 billion) from a year earlier while non-oil exports rose by 46.3%, official data showed Continue Reading
A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov DUBAI, June 23 (Reuters) – Saudi Arabian oil giant Aramco Continue Reading
American authorities took down a range of Iran’s state-linked news websites under unclear circumstances on Tuesday, the U.S. and Iran said, a move that appeared to be a far-reaching crackdown Continue Reading
