Brent crude held near a four-year low just above $77 a barrel on Friday amid concerns over excess supply and uncertainty over whether OPEC would cut output at a meeting in two weeks. Brent has…
Energy
Royal Dutch Shell, one of the world's largest oil companies, is most interested in new oil and gas projects in the deep waters of the Gulf of Mexico following a major sector opening finalized…
Iraq has raised its official selling price (OSP) to Asia in December for its main crude oil export grade, Basrah light, but cut the OSP to the US, the state oil marketing company said.
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Oil Minister Bijan Namdar Zangeneh, on a regional tour aimed at winning support to stabilize oil markets, discussed weak crude prices with Kuwaiti Emir Sheikh Sabah al-Ahmed al-Sabah.
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Iran Petrochemical Commercial Company (IPCC) exported 2.5 million tons of petrochemical products, valued at $2.2 billion, since the beginning of this year (began March 21), managing director of…
The Economic Council of the government has approved $11 billion help to complete the 6th, 9th and 11th national gas pipelines according to the integrated development plan for remaining phases of…
The Azerbaijan and Caspian Oil & Gas Week, taking place November 19-21 in Baku, consists of a three day conference, exhibition, training & networking event. It is attended by IOCs, NOCs…
Germany is looking to increase its investments in Pakistan, especially in the energy sector, Chancellor Angela Merkel said during a visit by Pakistan's Prime Minister Nawaz Sharif on…
Kazakhstan’s president ordered his government on Tuesday to allocate $3 billion from the National Fund every year from 2015 to 2017 to bolster growth in an economy hit by falling oil prices and a…
Total investment in Canadian oil sands projects during 2014-38 will exceed $514 billion, according to the Canadian Energy Research Institute (CERI).
Digitalization of the energy sector is imminent and will play a critical role in the way in which the industry operates, a world renowned physicist said at the ongoing Abu Dhabi International…
Domestic gas consumption reached 520 million cubic meters (mcm/d) on Monday, one hundred mcm/d higher than the same time last year, the National Iranian Gas Company (NIGC) speaker said, Shana…
The National Energy Management Plan (NEMP) is being drafted by a government commission, member of parliament Hossein Khamkani said in an interview with Eghtesad News.
The document was to be…
The Prime Minister of Romania Victor Ponta said that the country has no significant reserves of shale gas, but Chevron replied commenting that it is still analysing the data…
ConocoPhillips and its partners struck oil with a second exploration well offshore West Africa in the Sangomar Deep block, said the company, Fuel Fix reported.
The finding is the second of…
Russia’s move to broaden its energy ties to China is clouding the outlook for natural gas export projects on the drawing board in the US, Canada and Australia.
Drilling operations at six Cluster B wells in the Kish gas field is 80 percent complete, Nasser Pour-Mansouri, director of Fath-61 drilling rig, said.
The field is expected to go into…
Iran aims to increase its share in Iraq's electricity market by 50-60 percent, chairman of the Iran Electrical Industry Syndicate (IEIS) said, Moj news agency reported Monday.
Chinese government data show crude oil imports were up 18 percent in October year-on-year, though down from the month prior by more than 10 percent. Chinese average imports for October were 5.7…
Brent crude for December fell $1.11 to $81.23 per barrel on Tuesday, its lowest since 2010, as a firm dollar and robust US shale production outweighed a drop in Libyan output, Reuters reported. A…
China and Russia deepened their energy ties with a second deal that reduces Russia's reliance on Europe and would secure almost a fifth of the gas supply China needs by the end of the decade,…
Saudi Arabia, the world's largest oil exporter, is seeking to build crude sales and expand in Asia as OPEC producers fight for market share in the US.
The Export Guarantee Fund of Iran (EGFI) should increase the funding of projects and make revisions to its interest rates and repayment schedules, a deputy energy minister said, ILNA reported…
Iran's Petroleum University of Technology (PUT) and Montan University of Austria signed a MoU on Monday to build scientific and research cooperation, Shana news agency reported.
The two…
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…
