Poland, Hungary, and Slovakia have together re-exported 1.7 billion cubic meters of Russian gas to Ukraine, Gazprom, Russia’s biggest gas exporter said, questioning the legality of the practice.…
Energy
Iran is not ready to replace Russia as a main gas supplier if sanctions are lifted, Iran’s President Hassan Rouhani said in an interview with the Vesti on Saturday news program on the Russian…
Production has commenced inside the country of three out of ten types of important oil equipment, said the managing director of Petropars Ltd. (PPL), Shana reported.
Mohammad Javad Shams…
The Spanish government approved payment of $1.75b in compensation to the owners of offshore gas facility Castor, built to store 30 percent of Spain's daily gas consumption and shut last year after…
Norwegian energy firm Statoil has signed a deal to sell gas to Ukraine state gas firm Naftogaz, Reuters quoted the Nordic firm as saying.
Some British utilities are planning to harness the biomethane gas produced at sewage treatment plants to create residential power for cooking and heating.
Serbia is going to start the construction of the South Stream gas pipeline at the end of 2014, Serbian Ambassador to Russia Slavenko Terzic said on Friday.
A sharp fall in energy prices around the world signals worse to come for the slowing global economy as China's decade-long boom peters out, in addition to Europe's long struggle with recession.…
A further 5,500 megawatts of hydro-powered electricity has been generated. This is a record-high in clean electricity production this year, said an official.
Farbod Estiri, the…
One hundred thousand barrels of crude oil will be offered in the energy bourse in October for export, said the National Iranian Oil Company (NIOC) director of international affairs Seyed Mohsen…
BP awarded two drilling contracts worth $730m for the development of its Oman's Khazzan tight gas project, TradeArabia quoted the company as saying on Thursday. The Khazzan project aims to extract…
A piece of manufacturing machinery for oil and gas extraction was inaugurated on Kish Island, in southern Iran, in order to replace the US equipment previously used. The plant known as Kish Well…
In a strategic move, the Pakistani government has decided to construct a liquefied natural gas (LNG) terminal at Gwadar that is likely to be financed by China and a dual-purpose pipeline to cater…
Oil Minister Bijan Namdar Zanganeh appointed Mohammad Reza Moghadam as the director of a new committee to pursue the production of 10 categories of major oil industry needs and equipment, IRNA…
Russia’s central bank will assume an oil price of $60 per barrel in its worst-case scenario for monetary policy, Interfax news agency quoted the bank’s First Deputy Governor Ksenia Yudayeva as…
Ukraine’s state energy company, Naftogaz, has failed to pay a maturing $1.6 billion debt, raising risks of a default on the country’s sovereign Eurobonds and sending debt insurance costs to seven-…
Iran now has access to new technology to produce specific crude oils in line with customers' orders.
The technology allows for production of a special crude that combines light and heavy…
India’s federal government signed an agreement with state-run agencies to build the nation’s first offshore wind power project off the coast of Gujarat, Prime Minister Narendra Modi’s home…
A Norwegian company has expressed readiness to participate in Iran’s oil and gas projects, said Hossein Noghrekar Shirazi, secretary general of Iran Chamber of Commerce, Industries, Mines and…
Organization of the Petroleum Exporting Countries (OPEC)’s oil supply jumped to its highest in almost two years in September, a Reuters survey found, due to further recovery in Libya and higher…
Subsidies in Persian Gulf states that keep gasoline prices as low as 45 cents a gallon are proving difficult to dismantle amid growing regional turmoil.
The operator of Japan's tsunami-battered Fukushima nuclear plant announced it had agreed to share knowledge and experience on decommissioning damaged reactors with Britain's Sellafield.
Gulf Keystone Petroleum Ltd. (GKP) returned all key foreign staff to Iraqi Kurdistan and will increase output after US air strikes eased the militant threat that prompted a mass evacuation of…
Russia and Turkey agreed to increase the flow of gas through the Blue Stream pipeline from 16bcm to 19 annually, according to a Gazprom statement published Wednesday. “An agreement was…
Asian refiners may be about to get a welcome boost from major oil producer Saudi Arabia, which is likely to keep lowering the cost of crude to the region.
Saudi Aramco, the kingdom's state…
