Shale drillers boosted drilling activity in the US oil patch to the highest in three years even as American crude output touched unprecedented levels. US working oil rigs rose by 11 this…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Oil markets stabilized on Monday after slumping around 2% last Friday on concerns over an intensifying trade dispute between the United States and China, as well as increased US drilling…
Kinder Morgan Canada Limited (KML) on Sunday suspended most work on a $5.8-billion oil pipeline expansion that has become the focus of protests, a move underscoring uncertainty over major energy…
The US is exporting crude oil at a record pace with no signs of slowing down, which has the potential to unbalance a global oil market in recovery, energy expert Tom Kloza said.
"The…
Iran is in dire need of investment to boost domestic production, Oil Minister Bijan Namdar Zanganeh said.
Gasoline import will decrease by 50% in the summer (June 22 to Sept. 22), the head of National Iranian Oil Products Distribution Company said.
A comprehensive overhaul of the oil industry, including renovation of decades-old infrastructures, and investments are needed to develop oilfields and increase crude output.
Karoun Petrochemical Company (KRNPC) in Mahshahr Special Petrochemical Economic Zone in Khuzestan Province has produced a modified version of methylenediphenyl diisocyanate.
Austrian energy group OMV said it has reached an agreement with Abu Dhabi National Oil Company to acquire a 20% stake in the concession for two offshore oilfields in the UAE.
China invested a total of $126.6 billion in renewable energy in 2017, the highest figure ever and accounting for 45% of global green energy investment, the "Global Trends in Renewable Energy…
The Finnish government said it had given its consent for the construction of the Nord Stream 2 pipeline through its exclusive economic zone.
BP expects up to a tenth of its total earnings to come from India over the next 10 years, but not from oil: The company will focus on natural gas, marketing and renewable energy in one of the…
A senior energy official warned against injudicious gas consumption in Iran, calling on both private and public sectors to adopt more efficient patterns.
In line with efforts to fast-track power plant construction projects, a 460-megawatt power station in Mazandaran Province, Noshahr County, will become operational by May, managing director of…
International energy giants, which can bring investment and technology to the oil-rich Iran, are awaiting the United States’ decision on the Joint Comprehensive Plan of Action, Iran’s nuclear…
Russian companies are expected to invest $22.5 billion in oil production this year, with crude output and exports forecast at the same levels as in 2017, Russia’s Energy Minister Alexander Novak…
An analysis of crude oil production in Iran shows that approximately $21 billion in capital expenditure (capex) will be spent by Iran on oil projects between 2018 and 2021, to ensure that…
The Iraqi Oil Ministry signed a two-year contract with Anton Oilfield Services and Petrofac on Thursday to operate the giant Majnoon Oilfield, the companies' oil executives said. The companies…
Saudi Arabia’s state oil company will sign an agreement this weekend with a British oilfield services firm to explore building chemical facilities in Texas, according to people familiar with the…
Russian Energy Minister Alexander Novak said an arrangement under which Moscow cooperates with the OPEC oil group could become indefinite, once a current deal to curb oil production expires at…
Pakistan State Oil this week issued its first fuel oil import tender for the year after suspending purchases at the end of 2017, ahead of an expected pickup in demand during summer.
Oil prices fell on Friday after US President Donald Trump’s threat of new tariffs on China reignited fears of a trade war between the world’s two biggest economies.
Trump said on…
Google's total purchase of energy from renewable sources in 2017 was greater than the electricity used by its global operations, the tech giant has said. This follows a 2016 announcement that…
Indian state refiners plan to almost double oil imports from Iran in 2018-19, drawn by incentives offered by Tehran, sources with knowledge of the matter said, potentially helping Iran increase…
The Renewable Energy Organization of Iran (aka Satba) has reached an agreement with Tehran's power supply companies to assure individuals and the private sector of purchasing their solar…
