Amid an escalating dispute with the federal Iraqi government over the control of oil resources, the semi-autonomous region of Kurdistan is working to establish two companies that would produce and Continue Reading
Chinese state-owned energy companies are negotiating investments in the expansion of Qatar’s North Field and are ready to close long-term supply contracts, Reuters has reported , citing unnamed sources. The Continue Reading
All parties agreed to suspension in advance’: Gazprom Suspension comes amid major European supply disruptions Bulgaria received gas via TurkStream prior to April 27 cut-off Russia’s Gazprom said June 18 Continue Reading
With no nuclear deal with Iran in sight, the United States Treasury has slapped additional sanctions on companies based in Iran, China and the UAE for enabling the export of Continue Reading
The United States imposed sanctions on Thursday on Chinese and Emirati companies and on a network of Iranian firms that help export Iran’s petrochemicals, a step that may raise pressure Continue Reading
Israeli and American intelligence officials have been watching each day as Iran digs a vast tunnel network just south of the Natanz nuclear production site, in what they believe is Continue Reading
Legal dispute beween the KRG and Baghdad could put all oil projects involving International Oil Companies at risk. A lack of legal clarity has been at the centre of this Continue Reading
The European Union is looking to Israel to help reduce its energy dependence on Russia following the Russian invasion of Ukraine, European Commission President Ursula von der Leyen said in Continue Reading
‘The move significantly lowers tensions’. A Greek court has overturned an earlier court ruling that allowed the confiscation by the United States of part of a cargo of Iranian oil Continue Reading
The prime minister of Iraqi Kurdistan, Masrour Barzani, has been touting the autonomous region’s gas export capabilities as an alternative to Russian supply, but division between the region’s two main Continue Reading
Turkey will ramp up gas production at its flagship Black Sea project as much as a year faster than previously planned, according to President Recep Tayyip Erdogan. Daily output at Continue Reading
EC president points to planned gas, electricity connections EC on the hunt for alternatives to Russian gas after ‘blackmail’ Israeli gas reserves seen at 921 Bcm, more exploration planned The Continue Reading
Saudi Arabia will provide some Chinese buyers with less crude than they asked for next month, while fulfilling requests from many other customers in Asia after OPEC+ pledged to speed Continue Reading
Hussam al-Aqouli remembers the exact spot along southern Iraq’s Lake Sawa where his two daughters once dipped their feet into clear waters. Now he stands there two years on and Continue Reading
QatarEnergy signed a partnership deal with TotalEnergies on Sunday for the North Field East expansion of the world’s largest liquefied natural gas (LNG) project, and its chief executive said more Continue Reading
– The prime minister of Iraqi Kurdistan, Masrour Barzani, has been touting the autonomous region’s gas export capabilities as an alternative to Russian supply, but division between the region’s two Continue Reading
‘An oil spill or leak would cost the world billions to clean up’. U.S. Secretary of State Antony J. Blinken has announced that the Department of State is working with Continue Reading
Saudi Arabia will ship lower-than-nominated crude oil volumes to some of its Chinese buyers next month. Many buyers in Asia have asked for more Saudi crude oil for July. This Continue Reading
June 11 (Reuters) – Iran and Venezuela on Saturday signed a 20-year cooperation plan, according to live coverage on Iranian state TV. The plan includes cooperation in the fields of Continue Reading
Iran has begun further expanding its underground uranium enrichment and said on Wednesday it would switch off two of the U.N. nuclear watchdog’s cameras, as the watchdog’s 35-nation board overwhelmingly Continue Reading
The United Nations atomic agency’s board overwhelmingly passed a resolution rebuking Iran for failing to cooperate with an agency investigation, as Tehran said it had turned off some cameras monitoring Continue Reading
Iraq’s countrywide oil exports fell to an average 3.729 million barrels per day (bpd) in May, * a month-on-month decline of around 90,000 barrels per day. Despite the dip in Continue Reading
Eight months after national elections, Iraq still doesn’t have a government and there seems to be no clear way out of the dangerous deadlock. Political elites are embroiled in cutthroat Continue Reading
Some observers expressed hope that a trip by President Biden to Saudi Arabia could spark more production and bring prices down. In reality, there is no quick fix to the Continue Reading
A U.S. mediator will visit Beirut next week to discuss a dispute over a maritime border with Israel, Lebanese Parliament Speaker Nabih Berri said on Tuesday, according to a parliament Continue Reading
The focus of the most recent rift between Israel and Lebanon is an offshore field called Karish. While Lebanon has yet to make a commercial find of gas in its Continue Reading
Qatar has picked Exxon Mobil Corp , TotalEnergies SE (TTEF.PA) , Shell (SHEL.L) and ConocoPhillips (COP.N) as partners in the expansion of the world’s largest liquefied natural gas (LNG) project, Continue Reading
Israel has moved the Energean Power FPSO to the Karish gas field, partly claimed by Lebanon, as the Israeli government looks to boost supplies of the fuel to Europe. Israel Continue Reading
A dispute between Israel and Lebanon over their maritime boundary has obstructed energy exploration in the eastern Mediterranean and risks exacerbating tensions between two foes. After months of deadlock in Continue Reading
The US may allow more sanctioned Iranian oil onto global markets even without a revival of the 2015 nuclear accord, according to Vitol. The US may allow more sanctioned Iranian Continue Reading
Saudi Aramco raises Asia-bound Arab Super Light by $2.75/b Oil market to remain tight for time being Crude oil futures edged higher in mid-morning trade in Asia June 6 after Continue Reading
The US may allow more sanctioned Iranian oil onto global markets even without a revival of the 2015 nuclear accord, according to Vitol. The US may allow more sanctioned Iranian Continue Reading
Saudi Arabia, the world’s top oil exporter, raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer. Continue Reading
Oman seeking to maintain or boost oil output It has 5.2 billion in oil reserves, 24 Tcf of gas reserves Oman, Iran forming technical team for gas pipeline project Oman Continue Reading
France is in talks with the United Arab Emirates to replace Russian oil purchases, which will stop after the imposition of a European Union ban on Russian crude, Finance Minister Continue Reading
Iranian Supreme Leader Ayatollah Ali Khamenei on Saturday blamed recent protests in Iran on foreign “enemies” seeking to overthrow the government in the Islamic Republic. Also, he said, enemies were Continue Reading
Israel is ready to use its “right to self-defense” to prevent Iran from building nuclear weapons. Israeli Prime Minister Naftali Bennett “expressed Israel’s deep concern regarding Iran’s continued progress toward Continue Reading
After months of ignoring oil consumers’ calls to turn on the taps, OPEC+ has finally agreed to step up production targets. But the real winner of the deal appears to Continue Reading
President Biden, who as a candidate vowed to make Saudi Arabia a “pariah” in response to the assassination of a prominent dissident, has decided to travel to Riyadh this month to rebuild Continue Reading
Iraq’s Oil Ministry is initiating legal action against international oil companies operating in the Kurdistan region — part of an escalating effort to implement the Federal Supreme Court’s landmark decision to invalidate Continue Reading
Gulf oil economies suffered through the last oil price crash, issuing record levels of debt in 2020. Now, with oil prices well above $100 and set to stay there for Continue Reading
Nearly 50 members of the U.S. House of Representatives introduced a resolution on Wednesday seeking to end any U.S. involvement in Saudi Arabia’s air campaign in Yemen, with plans to Continue Reading
In past oil booms, Saudi Arabia funneled financial windfalls into massive infrastructure and handouts for its citizens. This time around, it is sitting on the cash. With oil prices consistently Continue Reading
Iran accused the International Atomic Energy Agency on Tuesday of publishing an unfair report on its investigation into Tehran’s nuclear activities, possibly setting up a fresh diplomatic clash with the Continue Reading
Turkey raised natural gas and power prices on Wednesday and its energy importer blamed a “perfect storm” in global markets, feeding into an inflationary surge in the country that likely Continue Reading
Tehran detained Delta Poseidon, Prudent Warrior on May 27 US seized tanker carrying Iranian oil off Greece Iran nuclear deal unlikely ahead of US midterm elections, say analysts Geopolitical risks Continue Reading
Iraq to further ramp up capacity to 8 mil b/d by 2028 Ihsan Ismaael has given conflicting timelines for capacity ramp-up Iraq is seeking IOC help to develop its fields Continue Reading
Israel may boost gas exports to the EU through Egypt. increased energy trade is an opportunity to improve relations between Brussels and Cairo. Brussels is trying to entice East Med Continue Reading
Salah Chelab crushed a husk of wheat plucked from his sprawling farmland south of Baghdad and inspected its seeds in the palm of one hand. They were several grams lighter Continue Reading
Iran’s paramilitary Revolutionary Guard seized two Greek oil tankers Friday in helicopter-launched raids in the Persian Gulf, officials said. The action appeared to be retaliation for Athens’ assistance in the Continue Reading
