Tag: gas
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He revealed the details of the Iraqi oil-Iranian gas swap deal
Much ambiguity still surrounds the deal to swap Iraqi oil for Iranian gas, which was signed a few days ago, in an attempt by Baghdad to secure the fuel needed to operate power plants. It is scheduled that the crude oil-for-gas swap deal, agreed upon by Iraq and Iran earlier this week, will include a…
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Oil and gas in America… disappointment in exploration and production activity (article)
Read in this article The US activity is far from the expectations announced by many specialists Great discipline of oilfield services capital leads to higher costs The federal government shows no signs of cutting spending to ease inflationary pressures The availability of labor affects the ability of employers to expand the activity All uncertain economic…
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23 oil and gas discoveries in Algeria within a year and a half
The year 2022 and the first half of this year 2023 witnessed the achievement of 23 oil and gas discoveries in Algeria, in achievements that shed light on the Algerian energy sector’s continuous activity in various fields. The disclosure of this information came during a press conference organized by the Algerian company Sonatrach on Monday,…
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President of BP Oman: We need a balance between energy sources.. These are my expectations for the share of oil and gas
The head of the British Oil Company in the Sultanate of Oman, BP Oman, Eng. Youssef Al-Ajili, pledged to continue providing global energy supplies in a safe and affordable manner despite the changes and the gradual abandonment of a number of companies from the fossil fuel industry. Al-Ajili expected that oil and gas would continue…
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Oil and gas exploration in Guyana expects to drill 35 new wells
The coming period is witnessing a revival of oil and gas exploration activity in Guyana, as the success achieved by Exxon Mobil there has increased the appetite of the American company to explore for more fossil fuels in the deep waters off the coast of the South American country. In this regard, a consortium of…
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Iran’s exports of liquefied petroleum gas hit record levels
Iran’s liquefied petroleum gas exports rose to record levels last May, with shipments increasing to China, Iraq and South Asia. Iranian liquefied oil gas exports in May were about 973.26 thousand tons; That is, a third above loading shipments in April, exceeding the 859,000 tons recorded in May 2022, according to data seen by the…
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Oil and gas production in Norway increases thanks to 7 discoveries during 2023
Oil and gas production in Norway has increased significantly since the beginning of this year (2023); This enhances the country’s role as a safe and stable supplier of energy to Europe, in light of the old continent’s endeavor to secure supplies away from Russia. After Russia’s invasion of Ukraine, Norway became Europe’s largest natural gas…
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Oil and gas in Iran targets investments of $250 billion
The oil and gas sector in Iran plans to attract investments of more than $250 billion over the next 8 years, despite the US sanctions on Tehran, which are causing the reluctance of many international companies. During his participation in the OPEC conference, Iranian Oil Minister Javad Oji said that during the past 20 months,…
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Libyan Oil Minister: Increasing our gas exports to Europe is not currently possible
Libyan Oil Minister Mohamed Aoun confirmed that increasing his country’s gas exports to Europe is out of the question at the current stage, and that it can be considered in the long term after 5 years. He said that the export of gas from his country to Europe via Italy through the Green Stream line…
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OPEC Secretary General: The oil and gas sector is an important partner in facing the climate change crisis
OPEC Secretary General Haitham Al-Ghais stressed the role that the oil and gas sector can play in addressing the negative effects of the climate change crisis. He stressed that the global energy scene requires a common vision that links 3 main challenges to energy sustainability, represented in energy security, affordability, and reducing emissions. The Secretary-General…
