Over 3.7 million barrels of gas condensates have been exported from the port city of Siraf in southern Bushehr Province in the first half of the current Iranian year (started March 20), an…
Energy
Oil Minister Bijan Namdar Zanganeh said the implementation of the accord between Iran and major powers, formally called the Joint Comprehensive Plan of Action, has paved the way for promoting…
Iran's Energy Minister Hamid Chitchian said the government is determined to tackle the country's aggravated water scarcity and drought in an overarching program under the sixth five-year…
A fire broke out on an oil tanker of Mexican state oil company Pemex in the Gulf of Mexico on Saturday, forcing all the crew to be evacuated in the latest accident to plague the struggling firm.…
All options are possible for OPEC concerning an output cut or freeze, as producers agree on the need to stabilize the market, Algerian Energy Minister Noureddine Bouterfa said on Sunday.
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South Korea's crude oil imports from Iran rose 112.3% in August from a year earlier, while its total crude oil imports fell 2.9% year on year to 86.1 million barrels last month, data from state-…
Russia plans to join discussions on limiting oil production only after OPEC members reach an agreement between themselves, meaning talks aimed at stabilizing the market could extend beyond Algiers…
Exxon Mobil Corp. is considering a sale of some of the oilfields it operates in Norway’s North Sea in a deal that could fetch more than $1 billion, two people familiar with the matter said.
Gasoline consumption in Iran over the first half of the current fiscal year (started March 2016) reached an average of 73.2 million liters per day, a 3.8% rise compared to the corresponding period…
A senior Iranian economist says Iran's new oil contracts will help the country expand its footprint on the global energy map and work as a bulwark against international sanctions that can be…
Oil prices tumbled 4% on Friday on signs that OPEC producers were making little progress in achieving preliminary agreement ahead of talks by major crude exporters next week aimed at freezing…
The global power metering market is projected to reach $17.8 billion by 2020, at a compound annual growth rate of 8.9% from 2015 to 2020. Asia-Pacific is the largest market for power meters, said…
French oil major Total said Thursday it would trim back costs and investment in 2017-2018 in the face of continued low oil and gas prices.
Total said it would cut annual investment to…
Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its own output this year, in a major compromise ahead of talks in Algeria next week, three sources familiar with the…
The oil industry may be ready to open its wallet after two years of slashing investments. Companies will spend 2.5% more on capital expenditure next year than they did this year, the first yearly…
Indonesia's state-owned oil and gas company Pertamina said it expects to receive on September 26 the first shipment of liquefied petroleum gas (LPG) from its Iranian counterpart the National…
Foreign firms can submit their documents to the National Iranian Oil Company as of next week to qualify for bidding in oil and gas tenders, Ali Kardor, NIOC's managing director said.
Renewable energy, water quality enhancement and wastewater treatment and recycling initiatives were discussed in a meeting between Iran's Energy Minister Hamid Chitchian and the Danish…
Iran's Roham Refinery complex in East Azarbaijan Province is in negotiations with an unnamed Austrian company on developing its second phase, head of the board of the refinery said.
Over $68.2 billion has been invested in Azerbaijan’s oil and gas sector from 1995 till 2016 as part of the production sharing agreements, said Rovnag Abdullayev, president of Azerbaijan’s state…
An oil tanker left the Libyan port of Ras Lanuf for Italy early on Wednesday with the first crude export cargo from the terminal since at least late 2014, the port manager said.
He said a…
Nigeria is suing several leading oil companies for $12.7 billion of crude oil that allegedly was exported illegally to the United States between 2011 and 2014, officials said Tuesday.
Switzerland’s MECI Group International has signed an agreement with the Iranian government to build a €750 million ($839 million) wind farm.
The project, located in the…
Iran is committed to building a consensus on stabilizing the oil market between OPEC and non-member countries, the group’s new Secretary-General Mohammed Barkindo said.
Iran's natural gas export has reached 32 million cubic meters per day, the managing director of National Iranian Gas Export Company said on Wednesday.
“In line with plans to increase gas…
