Energy

PNOC EC, the exploration arm of the Philippine National Oil Company (PNOC), has teamed up with Iran's state oil company, NIOC, to explore the prospect of oil and gas investments in Iran and the…

In line with policies to curb the flaring of natural gas in refineries, shutting down all flaring torches at the second South Pars Refinery in the city of Asalouyeh, Bushehr Province within two…

Plans call for laying 1,000 kilometers of oil pipeline from the city of Genaveh in the southern Bushehr Province to the port of Jask in Hormozgan Province to transform Jask into a major oil…

Tehran Province Water and Wastewater Company is fully prepared to meet the rising demand for water in peak hours in the fasting month of Ramadan that started on Saturday in several Muslim…

Had OPEC producers not compartmentalized political disagreements from economic issues, they would not have succeeded in extending the oil production cut deal for nine more months to battle the…

Tehran will host in 2020 the 'International Gas Union Research Conference', a major international gathering in the natural gas industry focused on research, development and innovation.

The rapid expansions of regional rival Saudi Arabia in the petrochemical sector is a real challenge that is emerging as a "hazard" to Iran's market share, says Marzieh Shahdaei, head of the…

It was about time big data entered the lives of Big Oil. Yet it is not happening exactly as expected. Oil companies are not making a mad dash to collect and process unstructured data in order to…

South Pars Gas Field's phases 2 and 3 produced 21 billion cubic meters of natural gas, worth $4.2 billion, in the previous fiscal that ended in March, the head of South Pars' 2nd Refinery said.

As OPEC ministers gathered in Vienna Thursday to agree a nine-month extension of their oil-supply pact, the man credited with bringing about the landmark deal learned from a news broadcast that he…

Dutch-based Philips Lighting has announced that Dubai Lamp, the world’s most energy efficient light bulb, was widely available across the UAE from Saturday.

The best way to augment the oil industry is to establish good rapport with the international community, says a senior oil official.

Ali Kardor, deputy oil minister and chief executive…

Tehran needs to step up efforts to raise production from joint oil and gas fields and attract foreign investment in the key petroleum industry, said the spokesperson for the Majlis Energy…

Oil prices rebounded to rise more than 1% on Friday, but Brent crude ended the week nearly 3% lower after an OPEC-led decision to extend production curbs did not go as far as many investors had…

The unexpectedly negative reaction of global markets to OPEC's decision on extending crude supply cuts into next year is temporary and prices will gain ground, says Iran's Oil Minister…

Completion of the giant South Pars Gas Field in the Persian Gulf could require as much as $30 billion in investment, the chief executive officer of Pars Oil and Gas Company (POGC) said on Friday…

OPEC and non-members led by Russia decided on Thursday to extend cuts in oil output by nine months to March 2018 as they battle a global glut of crude after seeing prices halve and revenues drop…

The National Iranian Oil Company still owes Austrian oil and gas group OMV $48 million, OMV's exploration and production chief Johann Pleininger told a meeting of shareholders on Wednesday.

The National Iranian Gas Company will proceed with a complaint to the International Court of Arbitration (ICA) against Turkmenistan's decision to halt gas supplies late last year if Turkmengaz—the…

Tehran hopes to sign groundbreaking deals with oil majors such as Total and Lukoil this year as the reelection this month of Hassan Rouhani to the presidency should boost investments.

A hydroelectric dam in the western Lorestan Province was inaugurated by Energy Minister Hamid Chitchian on Thursday.

Rudbar Hydroelectric Dam in the city of Aligudarz, a mountainous region…

Ivorian Oil Minister Thierry Tanoh communicated his country's interest in purchasing Iranian crude oil and expanding bilateral energy ties in a meeting with Iran's ambassador to Ivory Coast,…

Abu Dhabi's government-owned power utility has closed a $872 million financing package for a solar power plant, which will be the world's largest, the utility's top official said on Wednesday. Abu…

By employing 74 offshore and onshore rigs, the National Iranian Drilling Company has drilled over 53,400 meters of oil and gas wells nationwide, Hamidreza Khoshayand, the NIDC managing director…

A total of 14 oil and gas fields were discovered over the past four years, said the head of exploration department at the National Iranian Oil Company.