Iran’s veteran oil minister, Bijan Namdar Zanganeh, will retire when President Hassan Rouhani’s term ends this year, closing a career that started with the birth of the Islamic Republic in 1979 and has often been defined by his country’s turbulent relationship with the U.S. SourceContinue Reading
Parts Of East Coast Still Face Gas Shortages Despite Pipeline Restart | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – May 17, 2021, 10:00 AM CDT Washington DC and some parts of the Southeast are still dealing with gasoline shortages despite the restart of the Colonial...Continue Reading
Offshore Wind Requires 63,000lbs Of Copper Per Turbine | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – May 17, 2021, 9:30 AM CDT Renewables—and especially offshore wind—are set to drive a surge in...Continue Reading
India Oil Demand Slumps By 20% In May Amid COVID Crisis | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Premium Content By Tsvetana Paraskova – May 17, 2021, 9:00 AM CDT Fuel demand in India continues...Continue Reading
COVID Crisis May Delay Oil Offloading Operations In India | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Related News By Tsvetana Paraskova – May 17, 2021, 9:00 AM CDT The alarming situation with the spread of...Continue Reading
The project at the Port of Rotterdam could sequester about 2.5 million metric tons of carbon dioxide annually by storing it in depleted gas fields in the seabed. The four companies involved—Shell, Exxon, Air Liquide SA, and Air Products and Chemicals Inc.—will receive state backing for the plan, according to Sjaak Poppe, a spokesman for...Continue Reading
“These transactions will contribute to the necessary rationalization of the global drilling rig fleet and they are further in line with Maersk Drilling’s strategic priority of maintaining a fleet of modern, high-quality assets,” said CEO Jørn Madsen of Maersk Drilling. SourceContinue Reading
The deal rounds out an accelerated asset-sale program that has helped Sasol reduce borrowings that ballooned amid cost overruns at a giant U.S. chemicals project and call off a proposed $2 billion share sale. SourceContinue Reading
The project at the Port of Rotterdam could sequester about 2.5 million metric tons of carbon dioxide annually by storing it in depleted gas fields in the seabed. The four companies involved—Shell, Exxon, Air Liquide SA, and Air Products and Chemicals Inc.—will receive state backing for the plan, according to Sjaak Poppe, a spokesman for...Continue Reading
State-controlled National Iranian Oil Co. has been priming oil fields — and customer relationships — so it can increase exports if an accord with the U.S. is clinched. But even if a deal is struck, the flow of additional crude into the market may be gradual. SourceContinue Reading
