Iran has produced over 1 trillion cubic meters of natural gas from South Pars Gas Field in the Persian Gulf since the start of production in 2002, the managing director of South Pars Gas Complex…
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The government of Chinese President Xi Jinping approved the merger of Shenhua Group Corp., the country’s top coal miner, with China Guodian Corp., among its largest power generators, the State-…
Iran earned $3.373 billion from electricity exports in nearly four years by supplying over 40.1 billion kilowatt/hours of power to neighboring countries between August 2013 and June 2017, an…
Fresh off a $5 billion gas deal with French energy major Total, Iran hopes to keep up the positive momentum and clinch new agreements to develop its oil and natural gas fields.
According…
Oil markets were roiled on Monday after Tropical Storm Harvey wreaked havoc along the US Gulf Coast over the weekend, crippling Houston and its port, and knocking out numerous refineries as well…
Venezuelan Oil Minister Eulogio del Pino will visit Russia and Saudi Arabia ahead of a joint OPEC, non-OPEC monitoring ministerial committee meeting in Vienna set for Sept. 22, TASS cited the…
Two more oilfields in Libya are being closed after an armed group took over pipelines to both deposits, further disrupting the OPEC nation’s plan to boost crude production.
El Feel, or…
Iran’s share of petrochemical market in the Middle East increased by 1.4% in the last four years that corresponds to President Hassan Rouhani's first term as president, the state-owned National…
Indian solar projects banking on a continuous supply of ever-cheaper panels are now under threat, as China’s appetite props up prices.
The global spot market price for solar panels in…
Damage assessments at four Corpus Christi, Texas, area oil refineries were underway on Saturday, a first step toward resuming production at the plants with a combined capacity of 836,000 barrels…
Gazprom Neft PJSC said a gas plant at Badra field in eastern Iraq has undergone trials and is expected to start commercial production in the fourth quarter (starting Oct.). It will be able to…
After years of waiting and speculation, Iran drew its first barrel of crude oil from the giant South Pars Gas Field in the Persian Gulf nearly five months ago. Now the country plans to expand…
In line with efforts to supply the northern provinces with natural gas in cold winter days, output from eastern and central gas fields will increase in the second quarter of the current Iranian…
Iran will be ready in a month to start supplying 5 million cubic meters of natural gas per day through a pipeline to the southern Iraqi city of Basra, the planning director of National Iranian…
Exxon Mobil misled the public about climate change for years even as its research echoed the growing scientific consensus that global warming is real and caused by human activity, a new study…
Venezuelan President Nicolas Maduro on Friday called for an "emergency meeting" with US buyers of the country's crude oil amid new sanctions imposed by the United States.
"I am calling…
Iraq’s proposal to change the way it prices crude oil in Asia faces resistance from refiners who fear that longer lead times between pricing and deliveries will expose them to more risk.
In line with efforts to attract much-needed foreign funds to expand power output capacity, the Energy Ministry has signed preliminary deals worth $6 billion to build new thermal power plants…
Russian and Indian companies are in talks over a contract to develop Iran's Farzad-B Gas Field, but other oil and gas explorers are welcome to join the race for the coveted natural gas deposit…
Thailand’s state-owned PTTEP presented the result of its technical surveys on three Iranian oilfields, namely Balal, Changuleh and Dalpari, in a meeting with Iranian officials in Tehran on…
About 22% of US Gulf of Mexico oil production are offline due to Hurricane Harvey, the US Department of the Interior’s Bureau of Safety and Environmental Enforcement said on Friday. That equates…
Oil prices rose on Friday as the US petroleum industry braced for Hurricane Harvey, which may become the biggest storm to hit the US mainland in more than a decade.
Harvey became a…
Scientists at Stanford University in the United States found that for 139 countries, 100% renewable energy use for all purposes is possible by mid-century.
Since most western sanctions on Iran were lifted early last year, Tehran has endeavored to restore its oil exports to a pre-sanction level and attract foreign investments in its energy sector.…
Iran should and will seize the opportunity to consolidate its position in Iraqi's multibillion-dollar economy, Oil Minister Bijan Namdar Zanganeh said.