A delegation from the National Iranian Drilling Company and Iraqi Drilling Company's officials explored grounds for increasing cooperation in oil and gas drilling activities.
According…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Oil Minister Bijan Namdar Zanganeh underlined on Saturday the importance of competitiveness and research in the oil industry’s development.
“With competition and research, products…
Geological studies on Iranian oilfields show the country can boost proven oil reserves by at least 10% in the future, the deputy for engineering and development at the National Iranian Oil…
Oil prices rose on Friday as Wall Street stocks bounced off session lows, but benchmark crude futures posted their first weekly decline in three weeks on fears US plans to impose tariffs on…
Russia’s Gazprom announced on Friday it has been forced to break its contract with Ukraine’s Naftogaz for the supply and transit of natural gas.
The decision concludes a three-year…
France’s oil major Total is boosting its upstream Libyan operations by acquiring the 16.33% stake of the Waha oil concessions held by US Marathon Oil Corporation for $450 million in…
The National Iranian Oil Company is in the final stages of signing three oil deals with the private sector under the terms of Iran Petroleum Contract, NIOC's managing director said.
In line with policies to renovate outdated facilities in oil and gas companies to boost production, National Iranian South Oil Company has reconditioned dilapidated equipment in Masjed Soleyman…
Butane Industrial Group, a major Iranian gas company, signed a memorandum of understanding with Basra Gas Company for the export of liquefied petroleum gas storage tanks to Iraq, the secretary-…
OPEC oil output fell in February to a 10-month low as the UAE joined other Persian Gulf members in over-delivering on a supply reduction pact, a Reuters survey found, pushing compliance with the…
Exxon Mobil Corp., an American oil major, will exit some joint ventures with Rosneft, Russia’s largest oil company, citing western sanctions first imposed in 2014.The move is an about-face for…
US oil prices fell on Friday, taking declines to a fourth day as Asian share markets extended a selloff on Wall Street after news of planned US tariffs on steel and aluminum raised fears of a…
Following in Apple's footsteps, Microsoft has purchased 100% of the renewable output from Sunseap Group's new 60-megawatt solar project and will use it to power datacenter operations in…
Implementing the processing facilities of Hengam oil and gas field on Qeshm Island in the Persian Gulf will help earn $300 million annually, the managing director of Iranian Offshore Oil Company…
In line with efforts to complete the construction of Iran's largest oil refinery in the southern city of Bandar Abbas, Hormozgan Province, the venture will receive fresh impetus as $120 million…
A delegation from Russia's oil company Tatneft and the National Iranian Drilling Company's officials explored grounds for cooperation and undertaking joint drilling ventures.
Annual water consumption in Iran has increased by over 15 billion cubic meters in the past two decades, Deputy Energy Minister Sattar Mahmoudi said.
“The country’s water use has reached…
The South Zagros Oil and Gas Production Company, a subsidiary of Iranian Central Oil Fields Company, has produced a total of 1.37 trillion cubic meters of natural gas since 1999, according to…
By 2040, the Middle East will remain a large net energy exporter and the world’s largest oil exporting region, but it will lose share as an LNG exporter, according to the 2018 BP Energy Outlook…
The head of OPEC plans to meet with US shale company executives on Monday in Houston, the second consecutive year that the secretary-general has met with some of the organization’s top rivals.…
Oil prices fell on Wednesday as weak Chinese and Japanese industrial data triggered concerns of an economic slowdown that could lower oil demand, while an industry data report showed an increase…
Iraq has agreed a deal with the semi-autonomous Kurdistan Regional Government to resume crude oil exports through its pipeline to Turkey, halted since last July, local media quoted Iraqi Prime…
Developing advanced technology and investing in modern research methods is the Oil Ministry's strategic approach to revive the age-oil industry.
Habibollah Bitaraf, Iran's deputy oil…
Supplying natural gas as feedstock to two power plants in Konarak, Sistan-Baluchestan Province, and Sarakhs, Khorasan Razavi Province, requires the Energy Ministry’s cooperation in converting…
Transforming the port of Jask in the southern Hormozgan Province into a major oil terminal is a strategic step to expand Iran's oil export capacity, the chief executive officer of Iran's…
