Shell has started oil production from the Gumusut-Kakap floating platform off the coast of Malaysia, the latest in a series of Shell deep-water projects. According to Reuters, the…
Energy
Oil traders are boosting shipments of Mediterranean and West African crude to the US as the narrowest gap in more than a year between US and international prices makes imports more affordable.…
Russian energy giant Gazprom is ready to boost natural gas supplies to China to 100 billion cubic meters a year in the near term, Gazprom CEO Alexei Miller said on Tuesday, ITAR-TASS reported.
Ninety modern and contemporary artworks, including a rare Mark Rothko painting, from the collection of the renowned art benefactors Pierre and Sao Schlumberger could realize $85 million at the…
The Parsian Gas refinery has produced 5.31 million barrels of gas condensate during the first six months of the current Iranian calendar year (Began March 21), Shana news agency reported.
The National Iranian Oil Company (NIOC) has started negotiations with domestic customers on crude oil and petroleum products and this move has been regarded very favorably by buyers, said the NIOC…
Three Japan-born scientists won the Nobel Prize in Physics for inventing LED lights, which help save energy, reduce waste and hold promise in bringing lamps to people living far from any…
Gas production in phase 12 of South Pars gas field in the Persian Gulf will reach 65 million cubic meters when platform B and C come on stream, director of phase 12 Rasoul Fallahnejad said, Shana…
During the past five months exports have jumped eight percent compared to prior projections, deputy oil minister for planning said, adding that the boost in the oil industry has underpinned…
Prosecutors seized the oil reserves of the Romanian Petrotel Lukoil refinery on Monday including raw materials, crude oil, and other products, sending 500 people into technical unemployment. The…
Brent crude oil fell towards $92 a barrel on Tuesday, pushing towards 27-month lows as weak demand and ample supply outweighed the price support from a weaker dollar. A slump in the dollar on…
The operating license of industries that fail to present their plan to reduce pollution by March 2015 will be revoked, warned Rasoul Yarahmadi, the safety, environment and energy director of the…
Austria will take the European Commission to the European Court of Justice (ECJ) if it approves Britain’s plans for a 16 billion-pound ($26 billion) nuclear power plant, Reuters cited a spokesman…
Cyprus said on Monday peace talks for the ethnically divided island could suffer if Turkey kept on opposing attempts by Nicosia to explore for gas off its southern coast, Reuters reported.
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The first shale oil-fuelled power plant in Jordan will be ready by the end of 2018, a report said, adding it is expected to cut the country’s energy spending by $500 million annually, the Jordan…
As of 2020, Europe will receive natural gas from the Caspian Sea through the Trans-Adriatic-Pipeline. After some initial difficulties, the project is beginning to take shape. And it will bypass…
Venezuela was given a last warning by the National Petrochemical Company (NPC) to complete the Veniran petrochemical complex in Iran. The joint project is nearing its seventh year of…
The economic council of the government will assess a plan to finance the 6th, 9th and 11th gas export pipelines, the planning and supervision deputy of the oil ministry said Monday.
Mansour…
The National Iranian Tanker Company (NITC)’s policy is to have a strong presence in the international oil transport industry as the EU has eased the sanctions on Iran’s oil industry, Ali Akbar…
Russia, Ukraine and the European Union may hold another round of gas talks next week, Ukrainian Energy Minister Yuriy Prodan said Monday.
Chevron's Canadian subsidiary is selling its 30% stake in its Duvernay shale play to Kuwait Foreign Petroleum Exploration Co. (KFPEC) in a $1.5b deal. The Duvernay shale play is in west-central…
Construction of 6 petrochemical plants in Iran is expected to be completed by the end of the present Iranian calendar year (March 2015), adding another 2 million tons to petrochemical production…
Kuwait is in talks with five major oil companies to help boost crude production and develop some of its oilfields including Burgan, the world’s second largest, a move that has faced fierce…
A landmark deal to use British taxpayers' money to build a 16 billion pound ($25.6 billion) nuclear power station has triggered opposition from a quarter of EU policy-makers, who want to…
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.…
