Tag: Energy
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Does the Saudi-Iranian agreement support cooperation in the field of energy? (article)
Read in this article • Saudi Arabia plans to invest in Iran’s energy infrastructure • Iran relies heavily on oil and gas as a primary source of income • Investment in Iran can happen quickly when diplomatic relations between the two countries are normalized • Saudi Arabia does not wish to enter into a conflict…
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Qatar Energy reduces the selling price of Al-Shaheen crude for May delivery
Qatar Energy Company intends to reduce the official selling prices for Al-Shaheen crude for next May loading, after its rise in next April. Qatar is scheduled to reduce the future price of Al-Shaheen crude in May by about $0.57, compared to next April shipments. Al-Shaheen crude prices recorded their lowest levels in 21 months this…
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Egyptian Minister of Petroleum: Renewable energy is not an “enemy”… Fossil fuels are important for transformation
The Egyptian Minister of Petroleum, Engineer Tarek El-Molla, confirmed that moving forward towards the energy transition at a rapid pace may pose an economic and political danger at the same time, citing the repercussions of the Russian-Ukrainian war on the markets. He pointed out that fossil fuels are an important tool for achieving this transition,…
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The Energy Information Administration cuts oil price forecasts in 2023
The US Energy Information Administration cut its oil price forecast in 2023, and cut estimates of US crude production. According to the Short-Term Energy Outlook report for March 2023 – issued today, Tuesday, March 7 – it is expected that the average price of West Texas Intermediate crude oil will record $ 77.10 per barrel…
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Sierra Week 2023… Oil, gas and energy transition are on the agenda of world leaders
The countries of the world are preparing to discuss developments in the oil, gas and energy industry, during CERA Week 2023, which begins Monday, March 6 (2023), in the United States, specifically in Houston, and lasts for 5 days. The conference provides a comprehensive and integrated framework for understanding the present and future of global…
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BP ceases to publish the Statistical Review of World Energy
British oil company BP has decided to end publication of the Statistical Review of World Energy, the most comprehensive and objective collection and analysis of global energy production, consumption and emissions data, free of charge for users. After more than 70 years, the opening of International Energy Week in London – today, Tuesday (February 28,…
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Ghana’s ambassador to Egypt for “energy”: We have a lot of oil to discover
Ghana, which is rich in natural resources, faces many financial and regulatory challenges to develop the country’s oil sector and meet the growing needs of citizens. Because of its dependence on the West, the lack of resources and the aging of the necessary infrastructure, in addition to being affected by the recent global energy crisis.…
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Total Energy consolidates its oil discoveries off the coast of Namibia
The French company Total Energy is preparing to launch a multi-well drilling program off the coast of Namibia, to enhance its oil ambitions in the country, after discovering the “Venus-1X” well early last year (2022). The British company, Impact Oil & Gas, one of Total’s partners in the offshore area of Namibia, announced that the…
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The energy crisis forces the largest chemical complex in the world to lay off 2,600 workers
The energy crisis, which hit Europe in 2022 against the backdrop of the Russian-Ukrainian war, cast a shadow over the world’s largest chemical complex. The German company, BASF, revealed a plan to cut 2,600 jobs and reduce production in Germany. Europe’s largest chemical producer is preparing for a future without cheap Russian gas, according to…
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Energy relations between China and Iran are not a win-win deal for the two countries (article)
Read in this article • Production from the Yadavaran field will start in the first half of 2023 • In recent years, Iran has signed long-term cooperation documents with China and Russia • On the first day of the Iranian President’s visit to China, the two sides signed 20 cooperation documents • The Iranian leadership…
