Tag: Energy
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Energy sources: Saudi Arabia extends oil production cuts by one million barrels per day
Sources revealed that the Kingdom of Saudi Arabia is ready to announce, within a few days, the extension of the voluntary oil production cut by one million barrels per day, in the month of August (2023). And the sources indicated, in exclusive statements to the specialized energy platform, that the step of extending the production…
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Italian Eni settles the $4.9 billion acquisition of Neptune Energy
Read in this article Eni will fully acquire the assets comprising the Neptune portfolio, except for its operations in Germany and Norway Far Energy is listed on the Oslo Stock Exchange and is 63% owned by Eni The deal is in line with Eni’s strategy of offering affordable, safe and low-carbon energy Italian energy giant…
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Geopolitical Dimensions in the Energy Sector of the Strategic Alliance between Iran and Venezuela (Article)
Read in this article Venezuela appears to play a major role in meeting the energy needs of the United States Oil exports in Iran have witnessed a significant recovery, and are currently estimated at about 1.5 million barrels per day. Venezuela has seen a significant drop in its exports due to US sanctions Iranian technical…
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Visit of the President of Iran to Venezuela.. Do you support energy relations? (article)
Read in this article Iran and Venezuela are two oil-rich countries with a troubled history with the United States Iran and Venezuela share business initiatives to enhance bilateral relations in the energy industry US sanctions significantly impede Iran and Venezuela’s access to international markets Iran and Venezuela have mostly focused on oil and gas cooperation…
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10 tankers massing with Saudi oil off Egypt .. “Energy” publishes new details (update)
10 tankers loaded with 20 million barrels of Saudi oil continue to gather off the coast of the Egyptian city of Suez, in a remarkable scene that raises many questions about the reasons for this crowd of tankers. The reasons for the presence of these large quantities of oil barrels coming from Saudi Arabia and…
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The Lebanese Energy Minister holds America responsible for delaying the transfer of Egyptian gas
Lebanese Energy Minister Walid Fayyad held the United States responsible for delaying the transfer of Egyptian gas and Jordanian electricity to his country through Syrian territory, which Beirut was counting on to solve the electricity crisis. More than 600 days have passed since the US ambassador to Beirut, Dorothy Shea, pledged to provide a solution…
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The Energy Agency: India will lead the demand for oil globally… and China will rank second
India is expected to lead global oil demand, after it was quick to take advantage of Russian rivalries in the wake of the invasion of Ukraine. In an effort to meet the growing needs inside. This came in the words of the head of the International Energy Agency, Fatih Birol, who expected India to overtake…
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Shell allocates $15 billion to support low carbon energy solutions
Anglo-Dutch Shell seeks to advance its plans to reduce emissions from its operations, along with achieving increased returns for shareholders through a balanced energy transition; The company is working to reduce emissions from its operations and from the fuels and other energy products it sells to customers, in order to move toward its goal of…
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3 challenges for the new Turkish energy minister.. Will he succeed? (article)
Read in this article • Minister Bayraktar has the potential to lead Turkey’s energy industry towards a more resilient future • Turkey’s unique location offers prospects for regional cooperation in the field of energy • The new minister can stimulate research and development, innovative partnerships and technology transfer • Türkiye should reduce its dependence on…
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The Energy Information Administration raises oil price forecasts by 13% in 2024
The US Energy Information Administration raised expectations for crude oil prices by about 13% during the next year (2024), and also strengthened its estimates for the year 2023, after the OPEC + alliance decided to stabilize the supply reduction policy, with an adjustment to the base month through which the production quotas of members in…
