Falling oil prices could have a negative impact on global efforts to develop renewable energy sources, AFP quoted experts as saying at a conference in Abu Dhabi.
Energy
There is a huge potential for tidal and wave energy in Iran, although their usage will remain uneconomical for the time being, said a senior official at Iran's Renewable Energy Organization (SUNA…
An Iranian company has announced that it is capable of building the second semisubmersible deepwater drilling rig for oil exploration projects in the Caspian Sea, Shana news agency reported Sunday…
A total of 4,000 megawatt (MW) gas-fueled power plants will be replaced with combined-cycle plants by yearend, as part of the drive to reduce the energy sector's contribution to the air pollution…
Currently between 2.6 and 3 billion euros is invested annually in petrochemical projects, notwithstanding, the figure has to reach 8 billion euros as stated in the 20-Year Vision Plan, deputy oil…
Export of mazut is estimated to earn $4 billion in the current year (ends March 20), FNA reported.
Abu Dhabi Fund for Development has signed partnership agreements with four countries in the Pacific Islands for the implementation of renewable energy projects worth $50 million, TradeArabia…
Saudi Basic Industries Corp. (SABIC), the world’s biggest petrochemical maker by sales, reported a 29 percent drop in fourth-quarter profit as lower oil prices reduced returns from its own…
Data released Friday indicates that that the number of rigs operating in the US was down 74 this week, the rig count’s biggest one-week decline in more than six years.
Japan Atomic Power Company is considering splitting itself into two units, seeking to restructure its business to focus on the decommissioning of nuclear reactors on behalf of regional utilities,…
In the face of sanctions imposed on Iran’s energy sector, the National Iranian Oil Refining and Distribution Company (NIORDC) has signed a contract with a domestic producer for providing the…
A shift from standards recommended by the American Petroleum Institute (API) to Iran's own industry standards is being studied by a group of Iranian experts, director of the center for research…
Iran, Azerbaijan, and Turkmenistan may cooperate in construction of a pipeline to transfer gas from the Caspian region to Europe, Tasnim news agency quoted the National Iranian Gas Company (NIGC)'…
The oil ministry has reviewed the list of companies banned from signing oil contracts and a number of them have been delisted, Mizan news agency quoted deputy oil minister, Emad Hosseini, as…
Ukraine imported 572.2 million cubic meters of Russian gas in the first two weeks of January, the country’s state-owned gas company UkrTransGaz reported on Monday. All in all, Ukraine imported 1…
The price of oil could fall to $25 a barrel, Lukoil chief Vagit Alekperov said. Based on the latest statements from Saudi Arabia, he said a price drop to $25 could not be ruled out amid…
Oil advanced in New York, paring an eighth weekly decline, as the International Energy Agency (IEA) lowered forecasts for supplies from outside OPEC and said prices could recover, Bloomberg…
BP Plc will face a maximum fine of $13.7 billion under the Clean Water Act for its Gulf of Mexico oil spill, several billion dollars less than feared, after a judge ruled that it was smaller than…
India imported 42 percent more Iranian oil last year over 2013 levels as its refiners increased purchases to take advantage of an easing in sanctions targeting Tehran's nuclear program.
The…
A hydrogen unit for refining kerosene and gasoil (diesel) is being built at the Tehran refinery, which has been taking measures recently to uphold environmental standards, director of operations…
Power generation capacity of solar and wind power plants will increase two-fold by yearend (March 21), managing director of Iran Power Generation and Transmission Company (Tavanir) announced.
Three projects are being implemented, one in Isfahan and two others south of the country, with the aim of increasing the domestic gasoline production capacity by 10 million liters a day, deputy…
While preliminary estimations indicated that Yadavaran oilfield's reservoir contains approximately 17 billion barrels of oil, a recent study has assessed the figure to stand at 34 billion barrels…
The largest methanol unit in the world, with a production capacity of 7,000 tons per day, has had a progress of 65 percent so far, Tasnim news agency reported Friday.
Dubai launched a project Thursday to build a solar plant to produce 200 megawatt of electricity, as part of plans to generate five percent of the emirate's power from renewables by 2030. The $327…
