Oil prices edged higher for a second consecutive session on Friday on hopes that non-OPEC producers meeting in Vienna would agree to cut output to bolster the group’s own agreement to limit…
Energy
Iran expects to sign a dozen new oil and gas deals with international companies in the near future, extending the number of contracts it has already sealed with Total, CNPC and Royal Dutch Shell…
The agreement this week between Royal Dutch Shell and National Iranian Oil Company has opened a new chapter in the company's relations with Iran after the lifting of sanctions, Hans Nijkamp, Shell…
President Hassan Rouhani told his Venezuelan counterpart Nicolas Maduro on Thursday that members of Organization of Petroleum Exporting Countries should work together to implement the deal…
Iran on Thursday broke ground for a wind farm in the south which will be built in cooperation with the German company eab New Energy GmbH.
The first phase of the project, with electricity…
Only five of 14 non-OPEC oil producers have agreed to meet the group on Saturday for talks aimed at widening a deal to reduce output, casting doubt on whether OPEC will secure the full cuts it is…
Global spending on oil and natural gas exploration is set to fall next year to the lowest level in 12 years as the industry cuts costs and shuns more expensive areas such as the Arctic, according…
Saudi Arabia and Iraq are set to supply full-contracted volumes of crude to several Asian refiners in January, despite commitments to cut output under a deal signed last week by members of OPEC,…
Oil prices steadied on Wednesday as investors waited to see if OPEC and Russia would deliver promised production cuts designed to end a supply overhang that has weighed on the market for more than…
Russia’s oil companies will not be compensated for planned output cuts under a deal with OPEC, Kremlin spokesman Dmitry Peskov said on Wednesday.
Royal Dutch Shell on Wednesday signed three memoranda of understanding to develop Iranian oil and gas fields, the first deal by the world's second-biggest listed oil firm in Iran since sanctions…
China Petroleum and Chemical Corporation, known as Sinopec, has started operations to develop the Abadan Oil Refinery in the southern Khuzestan Province, Abbas Kazemi, managing director of…
Iran will receive its blocked revenues from gas sales at the Rhum gas field in the North Sea "within a few weeks", Deputy Oil Minister Amirhossein Zamaninia said.
Delegations from Russia and Austria will visit Iran in the coming days to discuss grounds for investment and collaboration in the energy industry.
A global oil output cut by 1.8 million barrels a day would be enough to balance the market, and OPEC is ready to take further action if prices fail to stabilize, United Arab Emirates…
Big Oil may have to play a part in cutting supply after the landmark agreement between OPEC and non-OPEC producers last week.
Indonesia is willing to play an active role in Iran’s upstream oil and gas industry development projects, known as exploration and production (E&P).
Iran signed a memorandum of understanding on Tuesday with PTT Exploration and Production Public Company Limited (PTTEP), Thailand's state oil company, to study three oilfields in western and…
The head of Russian pipeline monopoly Transneft, Nikolay Tokarev, said Russia's oil output cuts could begin in March, Reuters cited Russia's Interfax news agency as saying. The Organization of…
The government is mulling plans to delegate export of petroleum products, including compressed natural gas (CNG), to the private sector, Mansour Riahi, managing director of National Iranian Oil…
Brazil's state-run oil company Petroleo Brasileiro SA, known as Petrobras, raised prices for diesel and gasoline at its refineries in the country as of Dec. 6.
Saudi Arabia and Kuwait are expected to agree this month to resume oil production from the jointly operated oilfields in the Neutral Zone that lies between both countries, industry sources said on…
Oil Minister Bijan Namdar Zanganeh will attend a meeting of OPEC and non-OPEC producers in Vienna on Dec. 10 which is aimed to thrash out the details of a historic supply-cut deal struck last…
National Iranian Tanker Company is expanding operations and services overseas. The state tanker company has leased 20 tankers and vessels to foreign companies since the easing of international…
Japan has become an importer of Iran's gas condensates, following in the footsteps of its neighbor South Korea, the managing director of Parsian Gas Refining Company said.
