The global oil industry should ramp up investment to ensure it can cope with future consumption growth and avoid supply shortages, OPEC Secretary-General Mohammed Barkindo told a conference in…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Chevron, Shell and Exxon have begun evacuating staff working on offshore platforms in the Gulf of Mexico ahead of a subtropical storm Alberto. Production has not yet been affected, the…
There has been a lot of talk on both sides of the Atlantic about the US pivot and efforts at locking in natural gas market share in Europe.
Much of this comes amid US President Donald…
Record crude oil volumes exported from the United States will be heading to Asia in the next couple of months to take another piece of the market away from Russia and the Organization of…
Oil prices were mixed on Tuesday, but remained under pressure from expectations that Saudi Arabia and Russia would pump more crude to ease a potential shortfall in supply.
A Chinese investment firm is set to spend $2 billion on the construction of an oil refinery in the northern Mazandaran Province, the deputy head of the province's Investment Center said.
Indian refiners say they are keen to maintain oil imports from Iran despite the US withdrawal from a nuclear deal with Tehran and threats to pressure the country with, according to the National…
While the capital Tehran’s low rainfall rate has adversely affected its surface and underground water reservoirs, the metropolis’s potable water consumption is about twice the country’s average…
Electricity consumption is expected to reach a peak of 58,000 megawatts in the current fiscal (started March 21), which will be 2,600 MW more than that of last year, a deputy at Iran Power…
Researchers of Petrochemical Research and Technology Company, a subsidiary of National Petrochemical Company, have developed a catalyst for methanation of synthetic gas.
Oil prices fell on Monday, extending even steeper declines from Friday, as Saudi Arabia and Russia said they may increase supplies and as US production gains show no signs of abating.
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Venezuela's Nicolas Maduro was sworn in Thursday for a second term as president of the crisis-wracked Latin American country, just days after winning an election boycotted by the opposition and…
Saudi Aramco has awarded a contract to Halliburton for unconventional gas stimulation services, as Saudi Arabia seeks to further reduce its domestic crude oil burn, freeing barrels for export or…
A seasonal splurge has helped lift Asia’s crimped gasoline refining profits out of a long slump, but higher crude prices and the rise of energy-efficient cars are set to leave margins stuck at…
The first onshore gas sweetening train of phases 22-24 of the giant South Pars Gas Field in the Persian Gulf has come on stream, the director of the phases said on Sunday.
“The facility…
Shell was the only company expressing interest in purchasing crude oil produced in the pre-salt offshore zone that has attracted major interest from Big Oil.
Reuters quoted a…
A return to oil production levels that were in place in October 2016, the baseline for the current deal to cut output, is one of the options for easing curbs, Russia’s energy minister said on…
Russian state gas giant Gazprom said on Saturday it had signed a protocol with the Turkish government on a planned gas pipeline and agreed with Turkish firm Botas to end an arbitration dispute…
There are plans to expand underground gas storage facilities in Azerbaijan to 5 billion cubic meters, said director general of Azneft Production Union of Azerbaijan’s state oil company SOCAR…
Iran's gas condensate exports from the giant South Pars Gas Field in the Persian Gulf witnessed a considerable hike in terms of volume and value in the second Iranian month (ended May 21), the…
The severe competition between gasoline producers and consumers is excessively raising output, because of which consumption of the strategic fuel should be curbed, the secretary-general of the…
Natural gas exports experienced a 60% hike during the fiscal 2017-18 compared with the corresponding period of the previous year, the National Iranian Gas Company's director for international…
The 24 OPEC and non-OPEC producing countries participating in the voluntary production adjustments continue to maintain outstanding levels of conformity to the terms of the historic "Declaration…
US President Donald Trump's unilateral decision to withdraw from the Iran nuclear accord could knock 5% of global oil production offline and drive the oil price to unpredictable highs, the chief…
In line with plans to boost gas output from South Pars Gas Field in the Persian Gulf, the first offshore platform of the field's Phase 22 was successfully installed late on Friday.