Energy

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. 

Iran and Armenia explored grounds to boost collaboration in energy projects in a meeting between Energy Minister Hamid Chitchian and his Armenian counterpart Ashot Manukyan in Tehran. Speaking on…

Fifty foreign oil and gas companies have so far submitted documents to the National Iranian Oil Company in the prequalification round for dozens of oil and gas tenders, Ali Kardor, the NIOC…

China National Nuclear Corporation (CNNC) has expressed interest in investing in a Bulgarian nuclear power project, Bulgaria's government said on Monday. Sofia plans to privatize the Belene…

For the three titans of Latin American oil -- Pemex, PDVSA and Petrobras -- last week’s OPEC-driven price rally will not be enough to halt a slow descent from the ranks of international crude…

Brent crude oil prices rose above $55 a barrel on Monday, trading at a fresh 16-month high, on rising prospects of a tightening market after OPEC members agreed on a landmark deal to cut…

Lukoil is interested in participating in Iranian energy projects if it gets the right to manage a part of oil, but would not agree to solely provide services, Lukoil’s Vice President Leonid Fedun…

Nigeria and Morocco have signed a joint venture to construct a gas pipeline that will connect the two nations as well as some other African countries to Europe, Nigeria's minister of foreign…

India has nudged Iran to quickly award rights to develop the coveted Farzad-B Gas Field in the Persian Gulf to ONGC Videsh by wrapping up negotiations that have been dragging on for months.

EU countries are on track to meet their 2020 targets for renewable energy and emissions cuts but could fall short of ambitious longer-term goals, the European Environment Agency (EEA) said. “The…

Iran wants to expand oil and gas cooperation with Brazil, the fastest-growing oil producer outside OPEC, Oil Minister Bijan Namdar Zanganeh said.

He made the remark on the sidelines of a…