French oil and gas company Total SA expects the global natural gas market to grow far faster than that for crude oil over the next two decades, thanks to booming demand for the cleaner-burning…
Energy
Angola has targeted an increase of about 250,000 barrels per day in oil output by 2020 and is already in discussions with oil majors ExxonMobil and Equinor to achieve this, said Sonangol’s…
Chinese oil refiners may not be able to import US crude at all if the government goes ahead and levies a 25% tariff on American energy products and this will directly impact demand for VLCC…
The National Iranian Drilling Company has completed drilling operations at 43 onshore and offshore wells during the first three months of the current fiscal year (March 21-June 21), NIDC's…
Iran’s electricity consumption reached a peak of 51,272 megawatts on Sunday, indicating a rise of 764 MW compared with last year's corresponding period.
Electricity demand is forecast to…
The National Iranian Oil Company exported $50 billion worth of oil in the last fiscal year that ended in March 2018.
Habibollah Bitaraf, Iran's deputy oil minister for research and…
Saudi Arabian state-owned oil company Saudi Aramco wants to be present in the entire “value chain” of India’s energy sector, its Chief Executive Officer Amin Nasser said in New Delhi on Monday.…
Oil prices fell on Monday as traders factored in an expected 1 million barrels per day output increase in the wake of the Organization of Petroleum Exporting Countries' meeting in Vienna,…
Last year, Denmark introduced a legislation that allows the country's government to restrict the Nord Stream 2 gas pipeline from going through Danish territorial waters due to security reasons…
Major domestic petrochemical complexes are adopting modern water treatment approaches, including zero liquid discharge (ZLD) systems, to curb excessive water consumption.
Iran exported 3.3 billion cubic meters of natural gas in the first quarter of the current fiscal year (March 21-June 21), up 9% from the same period of last year, thanks to higher supplies from…
The world will see a meager amount of extra oil reaching the market, if OPEC and its partners adhere properly to the new supply pact.
Iran’s OPEC Governor Hossein Kazempour Ardebili made…
The National Petrochemical Company has devised a feedstock discount scheme for investors in the industrial units of Mokran Petrochemical Complex in Chabahar in southern Iran, Negin Mokran…
Power Generation, Distribution and Transmission Company (Tavanir) is planning to sell 10% of its imported electricity from Armenia to Georgia, the managing director of state-run National Iranian…
Abadan Oil Refinery’s new policies are not only increasing the production of alkylate gasoline—a type of very high-octane variety, but also upgrading the quality of its regular gasoline output…
Oil production in Russia in 2018 could rise to more than 550 million tons, taking into account the decision made by OPEC and non-OPEC members on Friday to boost output, Russian Energy Minister…
Gulf Keystone Petroleum and partner Hungary's MOL have agreed to boost production from its Shaikan heavy oilfield in the Kurdistan region of northern Iraq, after reaching an investment plan with…
Abu Dhabi National Oil Company will sign an agreement with Saudi Aramco and Indian companies on Monday for an up to 25% stake in a planned $44 billion refinery and petrochemical project in India…
OPEC meets Russia and other allies on Saturday to clinch a new deal for raising oil output, a day after agreeing a production hike within the group itself but confusing the market as to how much…
While the newly-installed German government grapples with divisions over migration policies in its first 100 days of office, its inaction on energy policies and climate goals is angering…
India is looking to revive a rupee trade mechanism to settle part of its oil payments to Iran, fearing foreign channels to pay Tehran might choke under pressure from US sanctions, two government…
US Energy Secretary Rick Perry will meet Russia’s oil minister next week in Washington, a person familiar with the situation said on Friday, as the two countries compete to supply global markets…
In line with efforts to establish the largest petrochemical hub in Chabahar in southern Iran, the construction of five gas to fuel and chemical production units —aka GTX—in Mokran Petrochemical…
Drilling operations of 22 wells in Phase 14 of South Pars Gas Field in the Persian Gulf are slated to be completed by the end of the current fiscal year (March 20, 2019), the managing director…
National Iranian Oil Company shipped its first batch of crude cargo from West Karoun Oil Block in the southern Khuzestan Province to an unnamed European buyer. According to Shana, the Iranian…
