Singapore’s Keppel Corporation, the world’s largest offshore rig builder, said it expects an extended slowdown in the offshore sector even though oil prices have recovered from their historically…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
The United States will not make an exception for American companies, including oil major Exxon Mobil Corp, seeking to drill in areas prohibited by US sanctions on Russia, Treasury Secretary Steven…
An OPEC and non-OPEC technical committee recommended that producers extend a global deal to cut oil supplies for another six months from June, a source familiar with the matter said, in an effort…
The first phase of the Persian Gulf Star Refinery in southern Iran will go on stream in the coming days.
"The long-awaited refinery will start trial production of gasoline this week, and…
Italian oil refiner Saras cleared in the first quarter of this year the debt it owed Iran for oil bought before sanctions were imposed, general manager Dario Scaffardi said.
The total…
Oil prices fell on Monday as weak Chinese economic data fuelled concerns about demand slowing there and record-high production in Russia exacerbated the global supply glut.
Brent crude…
Russian Energy Minister Alexander Novak said the oil market was improving with production cuts by OPEC and non-OPEC members, including Russia, trimming surplus supply that had squeezed prices for…
Production from Azar Oilfield in the southern Ilam Province is slated to double in May, said Keyvan Yarahmadi, who oversees the development of field at the Petroleum Engineering and Development…
The Iranian Commercial Gas Company (ICGC), a subsidiary of state-owned National Iranian Gas Company, has secured a deal to export liquefied petroleum gas to India.
Mohammad Ali Barati,…
The National Iranian Oil Company is taking steps to tender the Farzad-B Gas Field, Ali Kardor, chief executive officer of the National Iranian Oil Company said, dashing hopes for an agreement…
Persian Gulf oil exporters Saudi Arabia and Kuwait gave a clear signal on Thursday that OPEC plans to extend into the second half of the year a deal with non-member producers to curb supplies of…
Iran's crude oil exports are set to hit a 14-month low in May, a person with knowledge of Iran's tanker loading schedule said, suggesting the country is struggling to raise exports after clearing…
A group of Italian investors has voiced interest in financing renewable projects in southern Hormozgan Province following a visit this week to the site of a solar farm in the port city of Bandar…
Azerbaijan’s state-run oil company SOCAR will produce another 43,800 tons of oil and around 3.65 million cubic meters of gas per year after it commissioned a new well on the Guneshli offshore…
Installed power generation capacity has risen by 7,450 megawatts (7.4 gigawatts) after President Hassan Rouhani took office in mid-2013. Houshang Falahatian, a deputy energy minister, made the…
The amount of electricity wasted by China's solar and wind power sectors rose significantly last year, environment group Greenpeace said in a research report published on Wednesday, despite…
Iran will probably be allowed to keep its oil production unchanged if OPEC decides to extend its six-month agreement on output cuts beyond June, Kuwaiti Oil Minister Issam Almarzooq said,…
The National Iranian Oil Company has selected Pars Oil and Gas Company (POGC) as the new contractor of the second development phase of the South Pars Gas Field's oil layer, the deputy for…
Ghadir Investment Company, a major Iranian conglomerate, has signed an agreement with the National Iranian Oil Company to study four oil and gas fields.
It has six months to study Kish Gas…
Oil edged higher on Wednesday as OPEC said it was committed to eroding a global surplus of crude, but increasing shale production in the United States and still-high global stocks threatened to…
Oil-producing nations are moving closer toward ending a global glut and rebalancing the crude market, and OPEC will decide next month whether to extend its cuts in output beyond June, the…
Britain should continue to participate in the European Union's energy market when it leaves the 28-nation bloc, energy minister Greg Clark told a parliamentary committee on Wednesday.
Citigroup Inc. joined Goldman Sachs Group Inc. in backing commodities, saying it is the season to have faith in raw materials, and oil will probably rally to the mid-$60s by the end of the year,…
Saudi Arabia, the world’s largest crude shipper, trimmed exports to a 21-month low in February as local refineries took advantage of more abundant supplies and processed a record amount of crude…
New contracts in the oil and gas sector can create thousands of jobs and resuscitate the economy which is reeling from international financial and trade restrictions, says Bijan Namdar…
