The world’s largest oil companies are pumping more natural gas than ever before, helping spur a rise in profits while sating rising global demand for fuels, which can mitigate global greenhouse…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
In recent months, India and China purchased more than 600,000 bpd apiece from Iran. Together, that amounts to about 60% of Iran’s oil exports, which makes them hugely important to the efficacy…
Iran's sovereign-wealth fund has approved the investment of 196 trillion rials ($4.6 billion) for water and agriculture ventures in the current fiscal year (started March 21).
Japan’s major oil distributors are considering halting oil imports from Iran in response to US demands, sources familiar with the plan said on Thursday.
Royal Dutch Shell Plc is in talks to sell two Nigerian oil licenses in an area that’s at the heart of environmental and human rights controversies for $2 billion, according to people familiar…
The National Iranian Drilling Company's experts have designed and manufactured the first indigenized well test burner dubbed "Land Burner" to address the environmentally-unfriendly fallout…
The key factor hindering renewable energy development in Iran is hefty subsidies granted to fossil fuels, making electricity output of power plants running on natural gas unreasonably cheaper…
The National Petrochemical Company earned $3.1 billion in export revenues during the first quarter of the current fiscal year (March 21-June 21).
According to NIPNA, the official news…
Egypt said on Saturday it was raising the price of natural gas for home and commercial use by up to 75%, the latest move in an IMF-backed austerity program that has left many Egyptians…
Argentina will begin exporting natural gas to Chile from October, the Argentine Energy Ministry said on Friday, following a meeting between the governments of both countries.
Speaking to Indian TV, Germany voiced hope that India would continue to purchase Iranian oil in the face of looming US sanctions against Tehran.
Tabriz Oil Refining Company signed a $12 million agreement on Saturday with a consortium formed by an unnamed German firm and a domestic company on financing and implementing a tail gas…
The US oil and gas industry is lobbying against tighter sanctions on Russia, which could impact US investments there, congressional sources said on Friday. The US Senate has revived a bill,…
It has been a stifling summer of disappointment for investors in the UK’s wind farms that have been brought to a standstill by a heatwave, leading to a major drop in power generation, which eat…
Turkey’s biggest oil importer Tupras has cut back purchases of Iranian crude since May, when the United States said it would reimpose sanctions on Tehran, and analysts say Tupras is likely to…
Iran's top engineering and energy enterprise MAPNA Group is all set to add 5,000 megawatts of new electricity production capacity to the national grid until 2019.
Kuwait's newly launched Super Light crude oil is increasingly finding buyers in Japan and South Korea, market sources said on Friday. "With ample availability, it is an interesting grade," a…
Operations are underway to increase oil production at North Yaran Oilfield in the southern Khuzestan Province.
The state-owned Iranian Central Oil Fields Company plans to boost gas and gas condensate output in the current fiscal that ends in March 2019, as its subsidiaries have outperformed their targets…
Energy Minister Reza Ardakanian on Thursday inaugurated seven electricity projects during his visit to Zabol in the underprivileged Sistan-Baluchestan Province.
Ardakanian said the…
A tanker loaded with around 514,000 barrels of oil has set sail from Vancouver en route to China in what is the largest shipment of oil from the Canadian port to the world’s top oil importer…
Japanese oil distributors are preparing to stop importing Iranian crude oil in line with US demands, which come with threats of sanctions against companies that refuse to comply.
Japan's…
Saudi Aramco is winning thanks to US President Donald Trump’s trade war with China.
Sales of liquefied petroleum gas by the state-run producer to China—one of its biggest Asian customers…
Crude prices rose on Friday, but were still set for a weekly drop on concerns about oversupply and the ongoing trade conflict between the United States and China, the world’s two biggest oil…
Tehran and Muscat are planning to sign a final agreement on the export of Iranian natural gas to the sultanate via a subsea pipeline in a month, managing director of the National Iranian Gas…