Nearly 7.8 million barrels of gas condensate, valued at $1.5 billion, was produced from South Pars Phase 12 since March 2014, Shana news agency reported.
Energy
China is struggling to find attractive shale gas blocks to offer in a third auction of concessions, government sources said, increasing the sense that the country's output potential may be…
With the two natural gas compressor stations going into operation in Isfahan Province in the coming weeks, gas supply to mountainous regions in the central, northern, and north-western regions…
The growing global gas demand will bring about substantial investments in Iran, despite current conflicts in the region, and the sanctions imposed on Iran’s energy sector, said Seyed Mohammad…
Ukraine increased its natural gas imports from European countries in 2014 by 59%, compared to 2013, up to 5.1 billion cubic meters (bcm), the press service of the Ukrainian gas transportation…
Kuwaiti Oil Minister Ali Al Omair said the government had decided to postpone any removal of subsidies from petrol, electricity and water, Arabian Business reported. "The plunge in oil prices in…
Development projects awaiting investment in the gas sector are to be presented as a single package at an international exhibition in Kish, to be held in mid January, Shana news agency quoted a…
The managing director of the National Iranian Oil Company predicted that the national gas output will increase by 120 million cubic meters per day by the end of this year (March 20, 2015) upon…
Iraq’s oil exports reached their highest level in decades in December, but vital revenues were being hit by the plummeting prices of crude, TradeArabia reported.
Iraq exported 91.141…
Reportedly the first hybrid airplane that can recharge its batteries took off this week. It is the product of airplane giant Boeing and Cambridge University researchers. The result is an airplane…
On the sidelines of a ceremony to mark the national day of research, Mohammad Bagher Nobakht, government spokesman, told reporters that "national resources are enough to disengage the economy from…
Iran will firmly maintain its stance on the recent developments in the global oil market and will not cut production, Oil Minister Bijan Namdar Zanganeh said Sunday on the sidelines of a national…
The development of Abadan Refinery is still awaiting Chinese finance, two years after the project was handed over to a consortium of foreign and domestic contractors, ISNA reported Sunday.
Blackstone’s $70 billion credit arm, GSO Capital Partners, committed as much as $500 million to fund oil and natural gas development for Linn Energy LLC, according to Bloomberg. The Houston-based…
With the completion of a 400-kilovolt electricity transmission line between Iran and Azerbaijan by yearend, swap capacity between the two countries will increase, without giving any further detail…
A delegation of Austrian investors arrived at the northern city of Sari to visit sewage treatment, waste-to-energy (WtE), and electricity generation sites, IRNA reported Saturday.
Notwithstanding a six percent increase in electricity production, exports in the first nine months of the current Iranian calendar year (began March 2014) saw an eight percent decrease.
Oil supplies in Iraq and Russia surged to the highest level in decades, signaling no respite in early 2015 from the glut that has pushed crude prices to their lowest in five years,…
A Libyan crude tanker spilled some of its cargo off Singapore after colliding with another ship, adding to the North African country’s challenges as it contends with escalating violence…
Private sector experts warn that the involvement of cooperatives in the construction of micro power plants will bring about negative consequences for the economy, the Persian daily Forsat Emruz…
Secretary General of the Gas Exporting Countries Forum (GECF), Mohammad Hossein Adeli, said the recent oil plunge is leaving an impact on the global gas market as well.
Pakistani Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi said his country seriously pursues the issue of gas import from Iran.
In an exclusive interview with IRNA, Khaqan…
Phase 15 of the South Pars gas field has gone into operation, and sour gas extraction commenced therein, IRNA quoted the executive manager of Phases 15 and 16 as saying on Saturday.
South Sudan's oil revenue last year was hit by reduced output because of conflict in the country and the rapid decline in oil prices, Reuters reported. Oil is the main source of cash for South…
Norwegian oil and gas firm Statoil has started up the Valemon gas and condensate field in North Sea on Saturday and expects to recover up to 192 million barrels of oil equivalents over the field’s…
