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IRAN Energy News Agency 📬 Office: Unit 32. No 26. Dr Mossadegh St. Mirdamad St. Tehran. Iran ☎️ Tel: +98-2126413997 https://en.iranenergy.news
BP Discusses Agreement to Develop Oil Fields in Kirkuk
A source in the state-owned North Oil Company (NOC) revealed on Wednesday that representatives from British Petroleum (BP) arrived in the northern Iraqi governorate of Kirkuk to meet with NOC officials in the hope of finalizing an agreement to begin developing oil fields in the area. The source told Shafaq News that the BP delegation…
https://en.energytoday.ir/bp-discusses-agreement-to-develop-oil-fields-in-kirkuk/
EIA: U.S. Crude Oil Production Achieved New Record High in August 2024
An average of 13.4 MMbpd of crude oil was produced in the United States during August 2024, a new record according to data from the U.S. Energy Information Administration Petroleum Supply Monthly. More crude oil was produced in the United States during August 2024 than during December 2023, when the previous monthly record of 13.3…
https://en.energytoday.ir/eia-u-s-crude-oil-production-achieved-new-record-high-in-august-2024/
Gazprom Bets on China, Cuts 2025 Investments by 7%
Russian gas giant Gazprom is cutting its planned investments for next year by 7% compared to 2024 levels as more natural gas flows out of Russia are now headed to China instead of Europe. Gazprom’s investment is now geared toward developing gas fields and processing facilities in eastern Russia and the Yamal peninsula, as the…
https://en.energytoday.ir/gazprom-bets-on-china-cuts-2025-investments-by-7/
Germany Set to Cross 100 GW Milestone
Germany might exceed 100 GW of cumulative solar capacity in 2024, as new projections from Bundesverband der deutschen Energie- und Wasserwirtschaft (BDEW) estimate 17.5 GW in new PV installations. Germany's renewable energy association, BDEW, said it expects 17.5 GW of new PV capacity in 2024, up from 15.3 GW in 2023. With 11.7 GW installed…
https://en.energytoday.ir/germany-set-to-cross-100-gw-milestone/
Iran’s Energy Minister Assures no Blackouts amid Supply Boost
Iranian Energy Minister Abbas Aliabadi has announced that there are no power outages currently across the country as the electricity supply has been stable, and sufficient fuel has been secured to prevent any blackouts. During a parliamentary session on Tuesday, Aliabadi highlighted the significant differences between electricity production and consumption in Iran compared to global…
https://en.energytoday.ir/irans-energy-minister-assures-no-blackouts-amid-supply-boost/
Trump Plans Major Boost to U.S. Oil Drilling and LNG Exports
The transition team of incoming U.S. President Donald Trump is drafting an energy package to expand domestic oil and gas drilling on federal lands and offshore lease sales, in addition to expediting LNG export permits, Reuters reported on Monday, citing sources with knowledge of the plans. President-elect Trump has vowed on the campaign trail to…
https://en.energytoday.ir/trump-plans-major-boost-to-u-s-oil-drilling-and-lng-exports/
Kazakhstan Eyes Alternative Oil Route via Baku-Supsa Pipeline
Kazakhstan continues to discuss the possibility of oil shipments via the Baku-Supsa pipeline, Almassadam Satkaliyev, Minister of Energy and Mineral Resources of Kazakhstan, said in a report during the government hour in the parliament, Trend reports. "Discussions are underway regarding the Baku-Supsa pipeline. The pipeline has a capacity of 5 million tons per year, with…
https://en.energytoday.ir/kazakhstan-eyes-alternative-oil-route-via-baku-supsa-pipeline/
Scientists Design Residential Ice-Source Heat Pump Using Repurposed Gas Pipes
https://en.energytoday.ir/scientists-design-residential-ice-source-heat-pump-using-repurposed-gas-pipes/
BP to Spend $7 Billion on Indonesia Gas Field with Carbon Capture
https://en.energytoday.ir/bp-to-spend-7-billion-on-indonesia-gas-field-with-carbon-capture-2/
Kazakhstan to Reduce Oil Output to 88.4 mln Tonnes due to Field Overhauls, OPEC+ Obligations
https://en.energytoday.ir/kazakhstan-to-reduce-oil-output-to-88-4-mln-tonnes-due-to-field-overhauls-opec-obligations/
Canada Plans to Develop Nuclear Facilities, Increase Uranium Production
Canada plans to rapidly expand its nuclear power sector to contribute heavily to the countrys energy demand. Nuclear power contributes around 15% of Canadas energy at present. However, with plans to develop several new nuclear facilities, this figure is expected to grow significantly in the coming decades. The 2023 Federal Budget showed strong support for…
https://en.energytoday.ir/canada-plans-to-develop-nuclear-facilities-increase-uranium-production/
Kazakhstan Discloses Oil Transportation Volume for 10M2024
The volume of oil transportation through the system of main oil pipelines amounted to 57.8 million tons of oil from January through October 2024. Data obtained by Trend from the Ministry of Energy of the Republic of Kazakhstan reveals that, as of the end of October, more than 26 percent of the transported oil, or…
https://en.energytoday.ir/kazakhstan-discloses-oil-transportation-volume-for-10m2024/
EU Spokesman Hopes for Resumption of Nuclear Talks with Iran
The European Union's Lead spokesperson for foreign affairs and security policy has expressed hope that the bloc's nuclear diplomacy with Iran will soon resume. "We hope that nuclear diplomacy can resume soon since a solution to the Iran nuclear issue cannot wait any longer. It will also be conducive to the stabilization of the region,"…
https://en.energytoday.ir/eu-spokesman-hopes-for-resumption-of-nuclear-talks-with-iran/
Czech Republic to End Russian Oil Imports by next Summer
The Czech Republic will phase out Russian oil imports by July 2025, Deputy chairman of the statement pipeline company MERO suggested on Friday. The move is part of the country's energy diversification journey, although it hinges on the completion of a $60 million upgrade to the Trans Alpine (TAL) pipeline. The upgrade will double TAL's…
https://en.energytoday.ir/czech-republic-to-end-russian-oil-imports-by-next-summer/
Brazil’s Petrobras Plans up to $55 Billion in Dividends by 2029
Petrobras plans to pay ordinary dividends totaling $45 billion-$55 billion by 2029, with room for additional extraordinary distributions to shareholders in the period, the Brazilian state oil and gas giant said in the presentation of its five-year business plan. “Robust free cash flow allows for solid dividend estimates, projecting US$ 45-55 billion in ordinary dividends…
https://en.energytoday.ir/brazils-petrobras-plans-up-to-55-billion-in-dividends-by-2029/
Iraq Surpasses Saudi Arabia, Mexico in Weekly Oil Exports to US
The US Energy Information Administration (EIA) announced on Sunday that Iraq was the second-largest oil exporter to the United States during the past week, surpassing Saudi Arabia and Mexico. The EIA mentioned that the average US imports of crude oil during the past week from eight major countries reached approximately 5.65 million barrels per day,…
https://en.energytoday.ir/iraq-surpasses-saudi-arabia-mexico-in-weekly-oil-exports-to-us/
A Looming Supply Glut could Undermine the Offshore Oil Boom
Offshore oil is back in a big way. After years of costly offshore oil contacts being put on ice due to lower-than-ideal oil prices and uncertain future demand, these projects have been roaring back to life around the world. But the future of the sector remains uncertain as a looming oil glut may be scaring…
https://en.energytoday.ir/a-looming-supply-glut-could-undermine-the-offshore-oil-boom/
Chinese Refiners Buy more Middle East, Africa Crude as Iran’s Supply Drops
Private Chinese refiners, who buy most of Iran’s crude, have recently scoured West Africa and the Middle East for supply unsold in previous trade cycles, as flows of Iranian crude have dropped amid higher prices and preparation for the incoming Trump Administration. China’s independent refiners, the so-called teapots, are key buyers of Iran’s sanctioned crude,…
https://en.energytoday.ir/chinese-refiners-buy-more-middle-east-africa-crude-as-irans-supply-drops/
OPEC Likely to Stick to Output Cuts for another Month
OPEC will likely remain committed to production curbs for yet another month, the energy minister of Azerbaijan told Reuters ahead of the group’s Sunday meeting. “OPEC+ could or couldn't discuss oil output rollover at its next meeting. It is difficult to prejudge,” Parviz Shahbazov told the publication. OPEC has been under pressure from the market…
https://en.energytoday.ir/opec-likely-to-stick-to-output-cuts-for-another-month/
BP CEO: Global Oil Demand Keeps Exceeding Expectations
Global oil demand continues to surprise on the upside, BP Plc Chief Executive Murray Auchincloss told the Energy Intelligence forum in London on Monday, saying that oil demand kept rising on average by more or less 1% each year, with BP predicting robust oil consumption for the next 5-10 years. Commodity analysts at Standard Chartered…
https://en.energytoday.ir/bp-ceo-global-oil-demand-keeps-exceeding-expectations/
Austria’s OMV Seizes Gazprom Gas Supply in Deliveries Dispute
Austria’s energy firm OMV has seized $241 million (230 million euros) of Gazprom natural gas deliveries for October as a means to recover the arbitration award, which prompted Gazprom to cut off supply, sources close to OMV and Gazprom have told Reuters. Earlier this month, OMV said that it had been awarded 230 million euros,…
https://en.energytoday.ir/austrias-omv-seizes-gazprom-gas-supply-in-deliveries-dispute/
Kazakhstan Eyes Alternative Oil Route via Baku-Supsa Pipeline
Kazakhstan continues to discuss the possibility of oil shipments via the Baku-Supsa pipeline, Almassadam Satkaliyev, Minister of Energy and Mineral Resources of Kazakhstan, said in a report during the government hour in the parliament, Trend reports. "Discussions are underway regarding the Baku-Supsa pipeline. The pipeline has a capacity of 5 million tons per year, with…
https://en.energytoday.ir/kazakhstan-eyes-alternative-oil-route-via-baku-supsa-pipeline/
Can Lebanon’s Renewable Energy Sector Rise to the Challenge?
https://en.energytoday.ir/can-lebanons-renewable-energy-sector-rise-to-the-challenge/
U.S. LNG Exports to Europe Set to Surge as European Gas Prices Soar
https://en.energytoday.ir/u-s-lng-exports-to-europe-set-to-surge-as-european-gas-prices-soar-2/
Czechia does not Seek Extension of Russian Oil Import Exemption
Czechia will not seek an extension of its exemption from the EU ban on imports of Russian oil products, the Czech Ministry of Industry and Trade has confirmed, following an earlier report by Reuters. The exemption, granted as part of EU sanctions against Russia for its aggression in Ukraine, expires on 5 December. Similar exemptions…
https://en.energytoday.ir/czechia-does-not-seek-extension-of-russian-oil-import-exemption/
Iraq Says 15-Day Halt in Iranian Gas Cuts 5.5 GW from National Grid
Iraq’s electricity ministry said on Sunday that Iranian gas supplies had been completely halted for 15 days due to maintenance, impacting Baghdad, the central provinces, and the Middle Euphrates, resulting in the loss of 5.5 gigawatts from its national grid. It was no immediately clear when the 15 – day stoppagebegan.
https://en.energytoday.ir/iraq-says-15-day-halt-in-iranian-gas-cuts-5-5-gw-from-national-grid/
Iran-Russia Partnership Agreement to Cover Defense Sphere
The agreement on all-encompassing partnership between Russia and Iran will cover the defense and security sphere, Russian Deputy Foreign Minister Andrey Rudenko said. "Concerning the contents of the mentioned founding document, I would elect not to disclose details earlier. I would only note it will meet challenges and requirements of our time and cover almost…
https://en.energytoday.ir/iran-russia-partnership-agreement-to-cover-defense-sphere/
Iran-IAEA Interactions must Occur in Non-Political Atmosphere
Iranian Parliament Speaker Mohammad Bagher Ghalibaf has said that the interactions between Iran and the IAEA should occur in a non-political atmosphere and within the framework of existing commitments. During an open session of the Iranian Parliament on Sunday morning, Ghalibaf reacted to the anti-Iran stance of the three European countries and the United States,…
https://en.energytoday.ir/iran-iaea-interactions-must-occur-in-non-political-atmosphere/
Goldman Sachs Expects Brent Oil to Average $76 per Barrel in 2025
Brent Crude oil prices are set to average $76 per barrel next year, down from an expected average of $80 a barrel in 2024, amid an expected surplus on the market, according to Goldman Sachs. “Our base case is that Brent stays in a $70-85 range, with high spare capacity limiting price upside, and the…
https://en.energytoday.ir/goldman-sachs-expects-brent-oil-to-average-76-per-barrel-in-2025/
BP to Spend $7 Billion on Indonesia Gas Field with Carbon Capture
BP has struck a deal to develop a natural gas field in Indonesia, complete with a carbon capture system. The deal’s value is seen at $7 billion, with resources to be tapped estimated at 3 trillion cubic feet. “This project not only unlocks a fantastic gas resource, it also represents an Indonesian first through the…
https://en.energytoday.ir/bp-to-spend-7-billion-on-indonesia-gas-field-with-carbon-capture/