For a second time, an important clause, concerning investment in joint oil and gas fields, included under the Article 2 of the budget bill for next year has been sent to the Majlis Integration…
Energy
The energy ministry's plans to enjoy a 30 percent increase in electricity bills to compensate its deficits and debts failed as the budget bill submitted to the parliament stipulates for a lower…
Overreliance on oil revenues was described as "the biggest threat to the national economy" in remarks made by former minister of economic affairs and finance, Davoud Danesh-Jafari, Persian daily…
State energy firm Saudi Aramco extended the deadline for companies to bid for work on its unconventional gas facilities in the north of the country, signaling it remains committed to developing…
The first tanker in almost a year loaded crude from the eastern Libyan port of Zueitina on Sunday, Reuters reported. A Greek-registered tanker left for Italy after loading 750,000 barrels of oil…
Several previously discovered, but not-yet exploitable, gas reservoirs were handed over to the National Iranian Gas Company (NIGC) for further assessments before being put into operation, said…
Iran will cooperate with Lebanon and Russia in construction of dams as well as underground water reservoir assessments, it was announced during a ministerial meeting held Saturday.
Negotiations have started with UAE’s Crescent Petroleum to revive a major gas export deal that ran into troubled waters in 2005, Fars news agency reported.
An official from the National…
Sensors at the Fukushima nuclear plant have detected a fresh leak of highly radioactive water to the sea, the plant's operator announced on Sunday, highlighting difficulties in decommissioning the…
Egypt will hold an international auction for eight oil and natural gas exploration blocks in the Mediterranean Sea, the oil ministry said on Sunday, as the government seeks to boost production to…
Iran is capable of meeting its own power demand, but is distant from achieving energy export ambitions, new data show.
The recent slump in oil prices is expected to result in yearly revenue cuts of $180bn, according to a senior official at the Russian finance ministry.
Draining Khuzestan's wetlands to drill oil wells is the root cause of the dust storm that's swept across the southern province recently, an official from forests, range and watershed management…
A new round of negotiations between Iran and Iraq on gas exports from Iran has commenced, planning director of the National Iranian Gas Company (NIGC) announced.
Currently, final tests are…
Companies from several countries are eager to resume operations in Iran's petrochemical sector, said deputy oil minister, pointing out to the advantages the industry can offer.
Duke Energy Corp has agreed to pay a fine of about $102 million for environmental violations related to a power plant's coal ash spill into a North Carolina river last year and the company's…
The National Iranian Oil Company (NIOC) has banned energy firms from buying or hiring foreign-made drilling rigs, IRNA reported. The ban was announced in a letter sent by NIOC managing director,…
A US judge on Thursday rejected BP Plc’s attempt to reduce the maximum civil fine it could face for its role in the 2010 Gulf of Mexico oil spill, leaving it potentially liable to pay $13.7…
Russia's Gazprom increased natural gas supplies to the self-proclaimed Donetsk and Luhansk People’s Republics known as Donbas on request from Ukraine’s national energy company Naftogaz,…
A tanker has loaded 600,000 barrels of crude from storage at the Libyan port of Hariga, being the first vessel to pick up oil for export from the country in more than a week. Crude supplies from…
Iran plans to reach an ambitious target of 10 percent renewables share in its energy mix by 2021, up from 0.5 percent now, said a top official with the power industry.
As of Friday, all compressed natural gas (CNG) stations were required to change CNG supply measurement units from cubic meter to kilogram, an initiative which prompted confusion among consumers…
The cost to ship super-chilled natural gas has tumbled to the lowest level in more than four years and is forecast to fall further, Bloomberg reported. That’s good news for buyers and sellers of…
The development of South Pars Phase 12 has progressed according to plan and there is no problem with regard to inaugurating the project, the project manager Rasoul Fallahnejad said Thursday.
The National Iranian Gas Company (NIGC)’s assessments suggest that export of gas to Iraq and Turkey in the next Iranian calendar year (begins March 21) will generate up to $7 billion in revenues,…
