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Oil & Gas Trade
Iran: The Release of the Tanker is in all Countries' Interest
"This is a dangerous game and has consequences ... the legal pretexts for the capture are not valid ... the release of the tanker is in all countries' interest,…
Oil&Gas Drilling
EU Threatens Sanctions on Turkey over Cyprus Drilling
The European Union is set to curb contacts and funding for Ankara in retaliation for what it calls Turkey’s “illegal” drilling for gas and oil off Cyprus and…
Crude
To Avoid Excess Stock Buildup, Saudi Oil Output to Remain Below 10 mil b/d
Saudi Arabia's oil production will remain below 10 million b/d through August and its exports will stay under 7 million b/d to avoid excess stock buildup in an …
Aggressive U.S. Energy Policy Tests Ties with European Allies
For the administration of President Donald Trump, a policy of “energy dominance” means reducing dependence on imported oil and promoting exports to boost the …
Oil & Gas Trade
Oil Tanker Event Marked the Latest Escalation of Tensions in the Persian Gulf
Britain said Thursday that three Iranian vessels unsuccessfully tried to impede the passage of a British commercial vessel through the Strait of Hormuz, signali…
Gas Turbine
Siemens To Provide Key Components for 840MW Power Plant in Iraq
Global technology company Siemens has received a contract worth €280m ($313m) to deliver key components and long-term power generation services for the 840MW M…
Oil & Gas Trade
Iran’s Islamic Revolutionary Guard Corps have Denied Stopping British Oil Tanker
There were “no encounters” between the Iranian warships and foreign vessels at the time when the alleged incident took place, the IRGC’s naval unit said in a…
Oil & Gas Trade
Ignoring The U.S. Sanctions, Iran Still Provides Oil Futures Contracts to Foreign Partners
Iran is going to offer up to three-year oil future contracts for certain international buyers in an effort to offset the impacts of U.S. sanctions on its oil ex…
Solar Power Panel
Dust On the Glass Surface of Solar Panels Result in A 30% Energy Loss Per Year
With such a groundswell of solar growth, what can limit the performance of PV systems? The answer is dust, or other forms of soiling that accumulate on the glas…
LNG
The European Commission' s Latest Reports on Gas and Electricity Markets Covering the First Quarter of 2019
The European Commission’s latest reports on gas and electricity markets, which cover the first quarter of 2019, have just been published, containing a wide ran…
Offshore Wind Power
Equinor and South Koreans Established Float 200MW Offshore Wind Farm
Equinor, the Korea National Oil Corporation (KNOC) and Korea East-West Power Corporation have established a consortium to develop a 200MW floating offshore wind…
LNG
Putin's Answer To The U.S. Shale Boom: Highly Valued!
Russia's current development of the Arctic region is centred around the Yamal Peninsula and led principally Novatek but further developments are in the offing f…
Oil & Gas Trade
A British Oil Tanker has Stopped its Journey Through the Strait of Hormuz
A British oil tanker has stopped its journey through the Strait of Hormuz for fear of being seized by Iran in response to the capture of an oil tanker by UK for…
Blockchain Technology in Energy-Related Applications May Generate Over $3 Billion Value by 2025
The adoption of blockchain technology in the energy sector will generate over $3 billion by 2025 owing to an increase in deployment in the power, oil and gas se…
Crude
Oil and Gas Remained Part of Key Solutions in Combating Climate Change
The Organisation of the Petroleum Exporting Countries said on Monday that it believes oil and gas remained part of key solutions in combating climate change.
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