BP will look for upstream opportunities in Iran once sanctions on the oil producing country are lifted, but Tehran's intentions for its new oil contracts are unclear, BP's chief executive Bob…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
An Omani delegation is visiting Iran to finalize the Iran-Oman subsea gas pipeline project, managing director of the National Iranian Gas Export Company said.
According to Alireza Kameli,…
Japan's embattled utility Tokyo Electric Power Company now expects the compensation costs after the Fukushima nuclear disaster to be more than $57 billion, the government confirmed on Tuesday.
Turkey's natural gas imports from Iran were halted late Monday following a bomb attack on the pipeline 15 km (nine miles) inside Turkey near the border with Iran.
Repairs to the pipeline…
The United Arab Emirates is to end gasoline subsidies from August 1, in a move that will save $7 billion a year for the Persian Gulf state and curb car usage.
Oil explorers are seeking large discounts from contractors and sending some projects back to the drawing board to find cheaper ways to build them after crude prices dropped by half in a year.
…
The National Iranian Oil Company will save on energy transportation costs, if exploratory activities in Golestan Province, located south of the Caspian Sea, produce the desired results in terms of…
SunEdison Inc., the biggest clean-energy developer, began construction of a 110-megawatt solar farm in Chile, its largest in Latin America.
Kuwait called on Saudi Arabia to resume production at the disputed Khafji border oilfield, saying its neighbor will be held responsible for revenue losses, reports said on Tuesday.
Kuwaiti…
European Union's grid connected cumulative capacity in 2014 reached 129 GW, meeting 8% of European electricity demand, equivalent to the combined annual consumption of Belgium, the Netherlands,…
Asian oil buyers, already sucking in barrels from as far away as Alaska and Mexico, are anticipating more bargains when Iran finally returns to world markets.
Royal Dutch Shell, commonly known as Shell, is holding talks with world powers to learn about the immediate and long-term effects of the recent deal signed between Iran and P5+1 over Iran's…
The International Monetary Fund has revised its estimation of energy subsidies paid by the Iranian government in 2015, indicating a $9.6 billion reduction compared with 2013.
The…
Saboteurs attacked a pipeline carrying natural gas from Iran to Turkey in Turkey's eastern province of Agri late on Monday, halting the flow, Turkish Energy Minister Taner Yildiz and state gas…
Oil major BP has reached an additional $1 billion settlement agreement for claims from local US government entities regarding the Gulf of Mexico oil spill, bringing the total bill to $54.6 billion…
South Pars Gas Complex accounts for 54% of the country's total gas production and around 2.1 million barrels of oil equivalent daily, the complex's managing director said.
China halted power flows from solar panels for the first time, as congestion on its electricity grid prevented renewable energy from reaching customers.
About 9% of the nation’s solar…
Russia's Economy Ministry said on Tuesday it expected gas production at Gazprom to decline to 414 billion cubic meters this year, an all-time low, due to sluggish demand and a decline in upstream…
Oil hit four-month lows on Monday after a steep drop in Chinese stock markets and on more evidence of a global supply glut that has halved prices over the past year.
Chinese stocks tumbled…
Iran should not only reclaim the lost oil and petrochemical share, but also enter lucrative markets, Hassan Khosrojerdi, the head of Petrochemical, Gas and Oil Exporters' Union, said Monday…
Speculators’ conviction that oil will rally weakened at the fastest pace in three years, just before futures tumbled into a bear market.
The net-long position in West Texas Intermediate…
Lobbying over whether to scrap the four-decade-old US ban on exporting crude oil has almost doubled, as proponents push to build momentum toward a showdown likely to come sometime after the 2016…
A water-powered motorbike with the ability to travel up to 500 miles on a liter of water is turning heads in Brazil.
The "T Power H2O" motorcycle was created by Sao Paulo-based public…
Technip Italy, a world leader in project management for the energy industry, has finalized two joint agreements valued at $2.9 billion with Egypt-based companies for upgrades of two refineries in…
Reliance Industries Ltd., operator of the world’s biggest oil-refinery complex, will reestablish trading ties with Iran once sanctions are eased following the nation’s nuclear accord with world…
