As millions of Chinese households make the switch from coal to natural gas for the first time this winter season, China is buying up liquefied natural gas cargoes on the spot market, pushing…
Energy
In line with efforts to expand ethylene production, Jam Petrochemical Company in the southern Bushehr Province is on the last leg of negotiations to finalize a deal with Germany's Linde Group…
Iran's potentially lucrative oil and gas deals with Russian companies will help defuse US President Donald Trump's "unilateralism" and his efforts to scrap Tehran's nuclear deal with world…
India’s ONGC Videsh has turned its focus on buying stakes in overseas oil and gas production assets to meet output targets after a delay by Iran in awarding development rights for a gas field,…
Oil prices rose on Friday, nearing their highest levels in more than two years, with buyers attracted by expectations of an extension to a global pact to cut output that has reduced oversupply…
Royal Dutch Shell plc topped Wall Street forecasts with strong results across the board during the third quarter, perhaps affirming, as its Big Oil peers have done in recent days, that $50-…
France's Altea Resources signed a memorandum of understanding with the North Drilling Company, a subsidiary of the National Iranian Oil Company, to cooperate in drilling-related operations and…
Iran sees the potential to raise its crude oil production capacity by more than 50% in the long run, while plans are in place to ramp up output to 4.5 million barrels per day in four years.
Iran's petrochemical exports rose 13% in the first seven months of the current fiscal year (March 21-Oct. 22) compared with the same period of last year, an official at the National…
One of the world’s biggest oil companies is pumping more than $1 billion a year into alternative forms of energy from algae engineered to bloom into biofuels and cells that turn emissions into…
Oil supermajors are getting back to their normal way of life after surviving a price slump that shook the foundations of their business, with BP Plc giving the boldest signal yet that the worst…
French oil company Total has postponed an investment decision on development of the Absheron gas and condensate field in the Azeri sector of the Caspian Sea until spring 2018 from December, the…
Oil rose to its highest since mid-2015 on Wednesday as data showed OPEC has significantly improved compliance with its pledged supply cuts and Russia is also widely expected to keep to the deal…
A major water supply project in the city of Tehran, dubbed as Tehran Water Ring, will go on stream in four years, the managing director of Tehran Province Water and Wastewater Company said on…
Top oil exporter Saudi Arabia will hike December crude prices for customers in Asia to levels last seen in 2013 or 2014, a Reuters survey showed, with OPEC-led output cuts and robust demand…
Negotiations are underway between Iran and India over a deal to develop a major offshore gas deposit in the Persian Gulf, but the two sides are at odds over the price of Iran's natural gas,…
Norway's Offshore Resource Group signed a memorandum of understanding with Khazar Exploration and Production Company to the study the development of Sardar-e Jangal oil and gas field off Gilan…
Malaysia's state oil company Petronas submitted its development proposals for Azadegan Oilfield, the country's largest oilfield located in the southern oil-rich province of Khuzestan. According…
Imports of Iranian crude by major buyers in Asia rose in September for a third straight month to their highest since March, boosted by a surge in purchases in China and South Korea.
Oil prices steadied on Tuesday after a week of gains, as the prospect of increasing US exports dampened bullish sentiment that has driven Brent to more than two-year highs of over $60 per barrel…
Iran plans to raise natural gas production to 1 billion cubic meters per day by March 2019, Oil Minister Bijan Namdar Zanganeh said on Tuesday.
The second Bushehr Nuclear Power Plant entered a new development phase on Tuesday, as works began on digging the foundation for the plant's reactor close to Iran's first and only nuclear power…
Oil will likely rally into 2018 with periods of volatility, as an anticipated extension of OPEC-led output restrictions offsets higher US production, a Reuters poll showed on Tuesday.
Efforts are underway to bring under control a deadly blaze that ripped through an oil well in the southern Khuzestan Province last week.
On Sunday, two workers were killed after fire…
Brent oil held above $60 a barrel on Monday, near its highest since mid-2015, on expectations OPEC-led production cuts would be extended beyond March, although rising Iraqi exports put a lid on…
