After dismissing China National Petroleum Corporation (CNPC) from the joint South Azadegan oil field due to poor performance, the National Iranian Oil Company (NIOC) has now imposed stringent…
Energy
Iran Grid Management Company (IGMC) will barter the remaining part of its debts to private power suppliers by the yearend, IGMC managing director said.
Tokyo has agreed in principle to allow the UAE to store crude in Japan for three more years, giving the No.2 crude supplier to Japan continued access to a supply depot. The deal allows UAE to get…
Russia’s energy minister is positive about executing oil contracts in roubles, energy minister Alexander Novak told ITAR-TASS on the sidelines of the APEC summit in Beijing. “It should be…
Huawei, a leading global ICT solutions provider, is set to showcase how a new generation of smarter Digital Oilfield technologies is set to streamline efficiencies, reduce security risks and…
Egypt, facing its worst power crisis in decades, on Saturday pledged greater energy cooperation with Greece and Cyprus, a diplomatic move that opened up the possibility of progress in talks to…
Pakistan scrapped its biggest share sale in eight years as a slump in crude oil prices and political opposition to reducing a government stake in oil explorer Oil and Gas Development Co. damped…
A German company has offered to invest $1 billion to develop wind power in Iran, deputy energy minister said, Mehr news agency reported Sunday.
“We have had several negotiations with…
Increase in water and electricity prices will be investigated in the next phase of the national subsidy reform plan, chief of staff of the president said, Fars news agency reported.
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The Oil Contracts Revision Committee (OCRC) was established after President Hassan Rouhani' took office in mid-2013 to help attract foreign investment in the key oil and gas sector that has been…
The petrochemical sector requires $33 billion in investments to reach the 55 million tons of petrochemical products targeted in current projects, the deputy oil minister said Sunday.
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Rosneft may implement its projects without state support, including that from the National Welfare Fund, Russia’s Minister of Economic Development Alexei Ulyukayev said. Ulyukayev said that it…
Russia and China signed a memorandum of understanding with a view to supplying natural gas to China via the “western route,” Russian Energy Minister Alexander Novak said, Interfax reported.…
Russia's largest independent natural gas producer Novatek is in talks with Chinese banks to get over $10 billion for its Yamal liquefied natural gas (LNG) project, according to the company’s key…
Turkmenistan has signed an outline deal with Turkey to supply gas to a new pipeline that could help Europe reduce its dependence on Russian gas imports.
The two countries struck a so-…
India needs to invest $250 billion over the next five years to tackle chronic energy shortages and provide power for all its 1.2 billion people, according to its power minister. Piyush Goyal…
Traders and shipping companies scrambled to source fuel and take over supply contracts on Friday after Danish marine fuel supplier OW Bunker said a suspected fraud at its Singapore subsidiary had…
Iraqi Kurdistan has sold 34.5 million barrels of oil worth almost $3 billion since January, the Kurdistan Regional Government said, despite opposition from the federal government to independent…
Iran exports water and electricity equipment and services to 2o countries, energy minister Hamid Chitchian said Saturday, ILNA reported.
"We build thermal, hydroelectric and renewables…
To improve implementation of oil projects, the oil ministry needs to sign contracts directly with subcontractors after tendering, the deputy for engineering affairs at the oil ministry said, IRNA…
Petroleo Brasileiro SA is boosting fuel prices as Brazilian President Dilma Rousseff gives the state-run producer some relief from inflation-fighting policies and the lowest oil…
Libyan state security guards have started a protest at the 120,000 barrels a day Hariga oil port in the east, halting any oil exports, Reuters quoted a Libyan oil official as saying. The closure…
Saudi Arabia’s move to cut the cost of its oil to US customers has injected fear into the oil markets, bringing the price of OPEC crude below $80 and suggesting to some observers that the cartel…
The firm operating the incapacitated Fukushima nuclear power plant announced its success in removing all the spent uranium fuel from one of the wrecked plant's reactor buildings, completing one…
Asia needs market reforms to capitalize on the "golden opportunity" represented by liquefied natural gas (LNG), the International Energy Agency (IEA) said Thursday, Oil and Gas Daily reported.
