A Woodlands-based liquefied natural gas company is considering building a $6 billion export plant on a small island north of Galveston once slated for a LNG import terminal that never materialized…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
The Rockefellers, who made their vast fortune on oil, and other philanthropies and high-wealth individuals on Monday announced pledges to divest a total of $50 billion from fossil fuel investments…
To help address its energy needs, last week Saudi Arabia announced plans to incentivize both private and public investments in energy sources other than oil.
Within 20 years, the Saudi…
Brent crude declined for the third time in four days before manufacturing data from China, the world’s second-biggest oil consumer. West Texas Intermediate fell in New York.
The National Iranian Oil Company (NIOC) is negotiating with 15 European and 3 Asian firms prospects for investment in 40 new oil exploration blocks in Iran, NIOC director for exploration Hormoz…
Following the dismissal of Chinese contractors from the South Azadegan oil field, the development plan will be carried out in the form of buy-back agreements, said the managing director of…
Indonesia's government is set to spend 1.6% less on energy subsidies next year, parliament's budgetary committee said on Monday. The finance ministry and budgetary committee agreed on energy…
In an interview with Shana news agency, Ali Majedi, deputy oil minister for international and commercial affairs, highlighted the ministry's priorities, which include the Iran-Pakistan gas…
Iran's deputy energy minister, Houshang Falahatian, and Iraq's deputy minister of electricity Adel Hamid Mahdi stipulated the new conditions of electricity exports to Iraq, according to an IRNA…
Kuwaiti ministry of electricity and water has awarded a $26.2m contract to Spain’s Abengoa for development of a new power transmission project in the country. As per the deal, Abengoa will…
Egypt signed oil and gas exploration deals worth $187m to cover seven exploration areas in the Suez Canal, Egypt's western desert, the Mediterranean Sea and the Nile Delta. Germany'…
Europe’s energy policy is shortsighted and unwise, Alexey Miller, said the CEO of Russia’s gas giant Gazprom.
“Europe has lost the battle for Asia’s liquefied gas,” he said, referring…
A strange thing happened on the way to dealing with climate change: Advances in hydraulic fracturing put trillions of dollars' worth of previously unreachable oil and natural gas…
Oil production at southern Iraq's West Qurna-1 field is running at a rate of 360,000 barrels per day (bpd) due to problems with low levels of water injection to boost production, the head of the…
The first propane and second butane cargos of Siri natural gas liquids (NGL) refinery is ready to be shipped to Africa, said the deputy manager, Mohammad Reza Safari Rad.
"The refinery is…
Kenya expects its estimate of oil resources to almost double to 1 billion barrels as well-drilling climbs and the government forges ahead with plans to build an export pipeline, said Petroleum…
The global market for shipped natural gas is entering key years of change in 2014 with several new buyers emerging while big new supplies will only slowly become available from 2015, resulting in…
Indian imports of Iranian oil rose by nearly half to 271,000 barrels per day (bpd) in January-August from a year ago, when refineries cut purchases due to worries about insurance coverage for…
China’s largest oil and gas producers plan to increase shale-gas output by 40 percent a year to meet the nation’s production target.
The French company Sofregaz has been found guilty and its $10 million letter of guarantee confiscated and credited to the Iranian National Gas Company (NIGC), the international court has decided…
OPEC's secretary general said he expected the group to lower its oil output target when it meets in late November, which would be its first formal output cut since the 2008 financial crisis. "I…
Iran will file a complaint against Turkey in the D-8 Group for raising import tariffs of Iranian petrochemical products to Turkey. Ahmad Mahdavi, secretary of the association of Iranian…
Texas A&M University has established a new research center in Qatar, one of the world’s largest gas producers, to develop new technologies to more efficiently extract shale gas and train…
Saudi Arabia will need to keep cutting oil output to sustain prices above $100 a barrel, even after the kingdom’s largest reduction in two years, according to BNP Paribas SA and Societe…
Amid the lingering threat of sanctions from the United States, Pakistan has decided to offer an alternative plan to Iran, involving conversion of natural gas into Liquefied Natural Gas (LNG), a…
