The drilling operations for four new wells as part of the development project to increase the production of Nargesi Oilfield in southern Iran has been completed.
With the pipe-laying process making 75% progress, the project is expected to be completed in two months and extraction will be...
Oil prices closed out their biggest week of losses in more than nine months with another down day on Friday, as investors sold futures in anticipation of weakened fuel demand worldwide due to a surge in Covid-19 cases.
The crude market has now posted seven consecutive days of losses. Numerous...
The world’s largest sovereign wealth fund, Norway’s $1.4 trillion Government Pension Fund Global, should ask the companies it is invested in when it comes to reaching their 2050 net-zero emissions goals, a government panel said.
The fund said that oil firms in its portfolio need to cut their...