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…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
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…
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…
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.
