Contracts worth $25 billion to develop two major oilfields in Khuzestan Province shared by Iraq may be signed within the coming months, Noureddin Shahnazizadeh, chief executive of Iran's Petroleum…
Energy
State energy company Pertamina may sign a deal to import Iranian liquefied petroleum gas (LPG) in 2017 when Indonesia's president visits the country this week, company officials said on Tuesday.…
Italian energy company Eni will sell a 30% stake in its giant Egyptian offshore gas field Zohr to Russia’s Rosneft for $1.575 billion, pressing ahead with asset sales to fund investments and…
Nearly two dozen of the world’s most successful business leaders, entrepreneurs and venture capitalists will invest up to $1 billion in a fund led by Microsoft-co-founder Bill Gates that aims to…
Saudi Arabia is wrong to think that US shale production will not respond to higher oil prices in 2017, according to Goldman Sachs Group Inc.
The European Commission on Monday cleared four renewable energy support schemes in France, as well as Danish support for energy intensive users, saying they were in line with European Union rules…
Oil rose by as much as 6.5% on Monday to an 18-month high after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and…
Tehran and Moscow on Monday explored ways to expand energy cooperation on the sidelines of the 13th sessions of Iran-Russia Economic Commission in Tehran.
The meeting was chaired by…
Austria's integrated oil and gas company OMV is willing to invest in Iran's oil industry, Erwin Kroell, OMV's senior vice president for Middle East and Africa said.
“It is our top priority…
Tehran and Astana are to sign several agreements on building renewable power plants in Kazakhstan, Zhenis Mahmudovich Kassymbek, the Kazakh minister of investment and development said.
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Quebec’s legislature passed a bill that will pave the way for more oil and gas exploration, providing a boost to drillers such as Junex Inc. while drawing criticism from environmental, aboriginal…
Major foreign oil and gas companies are keen on development rights for Azadegan Oilfield, one of Iran's most-prized oil projects to be tendered in 2017.
Russian state holding company Rosneftegaz on Saturday signed a deal with the Qatar Investment Authority (QIA) and commodities trader Glencore to sell a 19.5% stake in state-owned oil major Rosneft…
Three regions in the deprived Sistan-Baluchestan Province in south Iran have been identified for development of renewable energy projects, a local official said.
Russia will create a monitoring group to control oil output reduction process inside the country, Energy Minister Alexander Novak said.
The move follows a similar measure by the…
The gasoline production unit of the Persian Gulf Star Refinery in the southern Hormozgan Province will go on stream by March 2017, the end of the current fiscal year, Ebadollah Abdollahi,…
Tenders will be announced Monday for 40 gas stations in 15 provinces following a successful first attempt to privatize 100 gas stations earlier this year.
Russia and Ukraine made little headway in natural gas talks brokered by the European Union, the first trilateral meeting since a pricing dispute between the two former Soviet states prompted the…
Plans are underway to extend oil and gas development studies in the Sea of Oman for the next five years in search of hydrocarbon deposits in the region, the deputy head of exploration department…
Russian Energy Minister Alexander Novak is scheduled to meet Oil Minister Bijan Namdar Zanganeh in Tehran on Tuesday, Oil Ministry’s news agency Shana said Saturday. Novak will travel to Tehran as…
South Pars Gas Field phases 13, and 22-24 should produce an estimated 113 million cubic meters of natural gas per day (4 billion cubic feet) by the third quarter of 2017, or halfway through the…
Iran is planning to draw significantly more crude oil from its West Karun oil block that it shares with Iraq by implementing advanced recovery methods, Noureddin Shahnazizadeh, the chief executive…
OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many…
The US government is slated to sell $375 million worth of crude oil from the country's emergency reserve this winter after Congress passed a temporary spending bill on Friday that contained a…
India is now home to the world's largest solar power plant with the launch of its 648-megawatt facility at Kamuthi in the southern state of Tamil Nadu.
Funded by Adani Green Energy, a part…
