OPEC’s JMMC Reports 109 pct Conformity Level in July

OPEC’s JMMC Reports 109 pct Conformity Level in July

OPEC and non-OPEC producing countries participating in the "Declaration of Cooperation" achieved a conformity level of 109 percent in July, showing "significant progress" towards the goal set at the 4th OPEC and non-OPEC ministerial meeting on June 23, according to a press release issued by OPEC’s Joint Ministerial Monitoring Committee (JMMC) on Thursday.

US Crude Oil Production Falls Fifth Time in 33 Weeks

US Crude Oil Production Falls Fifth Time in 33 Weeks

Crude oil production in the U.S. last week fell for the fifth time in the past 33 weeks, according to data released by the Energy Information Administration (EIA) on Wednesday.

Wintershall Calls for Europe's Unity for Gas Security

Wintershall Calls for Europe's Unity for Gas Security

Europe is well advised to invest in collaborating with reliable and proven supply countries to secure future energy supplies and to meet its climate goals, according to Mario Mehren, CEO of Wintershall late on Tuesday.

South China Sea ‘Major’ Trade Route for Crude Oil

South China Sea ‘Major’ Trade Route for Crude Oil

More than 30 percent of global maritime crude oil trade, or about 15 million barrels per day (b/d), passed through the South China Sea in 2016, the U.S. Energy Information Administration (EIA) said Monday.

SOCAR, Uniper to Partner in Energy Efficiency Projects

SOCAR, Uniper to Partner in Energy Efficiency Projects

Azerbaijan's state oil company SOCAR and German energy company Uniper will collaborate on projects aimed at improving the energy efficiency of oil and gas production in Azerbaijan, SOCAR announced on Saturday.

Iran, Russia in Talks for New Nuclear Power Plant

Iran, Russia in Talks for New Nuclear Power Plant

Iran and Russia started negotiations for constructing a new nuclear power plant in Iran with a power capacity of 3,000 megawatts (MW), according to the local media outlets on Saturday.

Energy Transition Helps Boost Total Clean Capacity

Energy Transition Helps Boost Total Clean Capacity

Global-wide energy transition policies, supported by technological developments, have helped expand renewable energy power capacity in recent years, the International Renewable Energy Agency (IRENA) said in a recent report.

Offshore Projects ‘Could' Boost Egypt’s Gas Production

Offshore Projects ‘Could' Boost Egypt’s Gas Production

Production from a number of natural gas development projects offshore Egypt’s northern coast could help boost declining domestic output, according to the U.S. Energy Information Administration’s recently updated country analysis brief on Egypt

UK to Help Modify Iran’s Arak Heavy-Water Nuke Reactor

UK to Help Modify Iran’s Arak Heavy-Water Nuke Reactor

The U.K. will help Iran modify its Arak nuclear reactor after the U.S. withdrew from a 2015 nuclear deal between Tehran and world powers earlier this year, Iranian officials announced Wednesday

Iran Resumes Electricity Supply to Neighbors

Iran Resumes Electricity Supply to Neighbors

The Iran Power Generation Transmission and Distribution Management Company (Tavanir) resumed electricity supplies to neighboring countries, according to Iranian officials on Tuesday

TurkStream Completes 12 Social Projects in Kiyikoy

TurkStream Completes 12 Social Projects in Kiyikoy

The small, picturesque, Kiyikoy community located in the Kirklareli Province of northwestern Turkey is undergoing a transformation as the location in which the TurkStream gas pipeline comes onshore on Turkey's Black Sea Coast

French Total Quits Iran's South Pars Gas Project

French Total Quits Iran's South Pars Gas Project

French Total officially backed out of its contract with Iran, said the country's Oil Minister Bijan Namdar Zanganeh on late Monday. According to the Iranian news agency Tasnim, Zanganeh said that Iran has begun plans to replace the French energy company with local businesses