Lawmakers in France, the world's most nuclear-dependent country, have voted to cut reliance on the energy source from more than 75 percent to 50 percent within a decade, Reuters reported.
Energy
BP says a recently unearthed government report has no bearing on a judge’s decision to toss a $256 billion lawsuit over safety compliance issues at one of its deep-water production platforms in…
US imports into the Gulf Coast region are at six-year lows because shale output is suppressing the need for foreign oil, The Organization of Petroleum Exporting Countries (OPEC) said in a report…
Deadline for firms to register the oil industry’s vendors list was extended to October 22 and tenders will be held online, said the engineering deputy of the oil ministry, IRNA reported.
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Iran is in talks with China to purchase methanol-to-olefins (MTO) technology, deputy director of the National Petrochemical Company (NPC) Mohammad Hassan Peyvandi said.
The technology will…
Bids by 54 private firms for investment in eight new Siraf refineries in Bushehr Province are being reviewed by the oil ministry. Winners will be announced next week, said the planning and…
International companies have expressed interest in joint ventures with Iran, for decontamination of soil in oil-rich regions of the Middle East such as Iraq, Kuwait, and Azerbaijan.
Seyyed Mohsen Ghamsari director of international affairs and member of National Iranian Oil Company (NIOC)'s board of directors denied allegations that Iran has reduced oil prices to attract…
The first reverse SEZ (special economic zone) project, a concept through which Indian chemical and petrochemical companies will be encouraged to set up plants in other countries to…
Construction of phase 1 of Zanjan 2 power plant in Zanjan Province with a capacity of 500 megawatts commenced on Saturday, Tasnim news agency reported. The new combined cycle plant will be built…
The program to explore gas hydrates in the Gulf of Oman will be finalized over the next month, said the National Iranian Oil Company (NIOC) director for exploration, IRNA reported. Hormoz…
Brent crude futures fell below $90 a barrel on Friday, close to a four-year low, as rising supply and more grim economic news stretched a months-long slump in oil prices.
US crude also…
Profits have declined for German energy companies since Angela Merkel decided to shake up the power industry by cutting nuclear energy in favor of renewables. The impact on the energy sector is…
A $1.5 billion investment is being made to build the Dehloran gas refinery (NGL 3100) in Ilam Province, western Iran, said Oil Minister Bijan Namdar Zanganeh during Thursday's visit to the…
Taking into consideration the geographic location and the population of Iran, and the fact that fossil fuels such as oil and gas are unsustainable, it is inevitable to turn to alternative sources…
A World Bank arbitration tribunal on Thursday ordered Venezuela to pay Exxon Mobil Corp around $1.6 billion to compensate for the 2007 nationalization of its oil projects in the country…
Eighty billion cubic meters (bcm) of gas were distributed in the country in the March-September period, the National Iranian Gas Company (NIGC) announced. Of that amount, 29 bcm were delivered to…
The volume of bunkering in the March-September period saw a 47 percent increase, nearing 2 billion liters, the National Iranian Oil products Distribution Company (NIOPDC) announced. The…
The International Monetary Fund (IMF) reports that, when calculated according to purchasing power, China now boasts the world’s largest economy.
The calculation method …
Russia’s No.2 oil producer Lukoil launched an oilfield in western Siberia ahead of schedule on Wednesday, a major step in its drive to prop up falling production and to weather US sanctions over…
Malaysia sovereign fund, 1Malaysia Development Bhd (1MDB), will raise 8.4 billion ringgit ($2.56 billion) with Islamic bonds to build a power plant, IFR reported on Wednesday.
1MDB, which…
Norway's government plans to fund a seismic oil and gas survey of the northern parts of its Arctic Barents Sea near the Russian border, searching for more hydrocarbons in the once disputed border…
During an exclusive interview with the Yomiuri Shimbun, Oil Minister Bijan Namdar Zanganeh said it is important for Japanese companies to start negotiations with Iran over oil field and natural…
The National Iranian Tanker Company (NITC) does not intend to reduce the transport prices for its large fleet of oil tankers, Mehr news agency quoted Hojatollah Seyyedan, financial manager of the…
The Kiev government may request the international arbitration court in Stockholm to issue a temporary ruling on terms of Russian gas deliveries to Ukraine pending a final verdict,…
