Energy

The cost of generating electricity from offshore wind farms fell sharply in the UK to below the price the next nuclear reactors will charge, making the form of clean energy one of the cheapest…

Oil prices edged lower on Monday on concerns that Hurricane Irma’s pounding of heavily populated areas of Florida could dent oil demand in the world’s top oil consuming nation.

Brent…

The Persian Gulf Star Refinery in Hormozgan Province is holding talks with potential foreign customers to sell its surplus output of wide-ranging petroleum products, the chief executive officer…

In a bid to diversify energy resources and shift away from fossil fuels for electricity generation, the government says a quarter of Iran's new power generating capacity in the next four years…

Iran's crude oil dipped below $51 a barrel in the week to September 1, echoing uncertainties in global markets roiled by supply disruptions in the US.

Saudi Arabian Energy Minister Khalid al-Falih agreed with his Venezuelan and Kazakh counterparts to keep all options open in their push to rebalance the world oil markets, including the possible…

Iran has come a long way in regaining the lost ground in the global oil market and expanding its gas production after last year's lifting of sanctions, a parliamentary report shows.

"Oil…

British and Chinese researchers will work together on five projects to develop the "next generation" of offshore renewable energy technologies.

Azeri state energy company SOCAR is expected to increase its share in a new production sharing agreement with oil major BP for the development of the country's biggest oilfields, two industry…

Plans to sell a stake in Saudi Arabian Oil Company are “well underway”, the government said on Saturday, as the kingdom redrafts one of its key economic blueprints to eliminate overlap with…

India has renegotiated the pricing of liquefied natural gas imported from Australia’s Gorgon project to make the imported fuel affordable to price-sensitive domestic customers, Indian Petroleum…

Hurricane Irma threatens to knock out power to more than 4.1 million homes and businesses served by Florida Power & Light, affecting around nine million people based on the current storm…

The Persian Gulf Petrochemical Industries Company is close to finalizing an agreement with French energy major Total S.A. to conduct feasibility studies on petrochemical ventures in Iran, the…

Denmark's Dong Energy has announced that the world's first offshore wind farm, built in 1991 in the southeast of Denmark, has been dismantled. Used as a demonstration project, the Vindeby…

Iran is building two new platforms for a wharf in the southern port city of Mahshahr in Khuzestan Province, deputy managing director of National Iranian Oil Refining and Distribution Company…

Hurricane Irma will pose the toughest test yet for US nuclear power plants since reactors strengthened their defenses against natural disasters following the Fukushima Daiichi nuclear accident…

Chinese conglomerate CEFC will buy a 14.16% stake in Russian oil major Rosneft for $9.1 billion from a consortium of Glencore and the Qatar Investment Authority, strengthening the energy…

High global oil inventories necessitate a renegotiation of the OPEC production cut deal from last November, Venezuelan Oil Minister Eulogio Del Pino said.

Del Pino also told reporters at…

The completion of two phases of the Persian Gulf Star Refinery in Hormozgan Province requires $1 billion in investment and PGSOC, the operator of the refinery, is mulling over different…

Iran exported over 5 billion cubic meters of natural gas in the first five months of the current fiscal year (March 21-August 22), up more than 60% from the same period last year, thanks to…

France plans to pass legislation by the end of 2017 to phase out all oil and gas exploration and production on its mainland and overseas territories by 2040, becoming the first country to do so…

Oil market trading was cautious on Wednesday, with crude demand and shipments subdued due to refinery closures following Hurricane Harvey and the arrival of an even bigger hurricane in the…

The completion of unfinished petrochemical initiatives should gain momentum with the allocation of new financial resources, a major part of which ought to come from foreign direct investment,…

Two of the most veteran oil and gas producers in the UK North Sea, namely Royal Dutch Shell and BP, still tie their future to the aging offshore basin despite a broad retreat in recent years.…

Libya and Nigeria, the two OPEC members exempt from the current oil production cut deal, have been invited to participate in the producer group's latest ministerial committee meeting on Sept. 22…