Most of the subcontracts to develop Phase 11 of the South Pars Gas Field in the Persian Gulf will be awarded to domestic companies, the chief executive officer of Pars Oil and Gas Company said…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Tehran is ready to file a case with the International Court of Arbitration over the quality and price of gas it receives from Turkmenistan, Oil Minister Bijan Namdar Zanganeh said on Monday, as…
Iraq plans to build an oil refinery at the Faw Port on the Persian Gulf with the cooperation of two Chinese companies and is seeking investors to build three more, the oil ministry said on its…
Tehran's water consumption is about 1.5 times over and above the national average, the head of Tehran's Management and Planning Organization said.
"Water consumption has increased at a…
Heavy snowfall has led to power rationing to industrial users in central China and forced closure of airport in eastern Nanjing city, local media reported on Sunday. Central provinces of Hunan…
Analysts expect big energy companies to play a major role in deal-making during another solid year for oil and gas mergers and acquisitions.
Saudi Basic Industries Corp (SABIC), the world’s fourth-biggest petrochemicals company, reported an 18.6% drop in fourth-quarter net profit, missing analysts’ forecasts, as sales dropped and its…
A rally in Iran's oil prices cooled in the week to January 19 as the country's light crude settled below $69 a barrel in the week.
Each barrel of Iran's light crude oil traded at $68.81…
Talks are underway with international companies over a string of oil projects that could lift oil output capacity by 1.7 million barrels per day, Oil Minister Bijan Namdar Zanganeh said at…
The 10 largest upcoming onshore oil projects worldwide are expected to add 1.135 million bpd to the global oil supply by 2025, according to research and analytics firm GlobalData.
These…
Oil prices settled higher on Friday after hitting three-year highs, with crude also posting a weekly gain as a weaker US dollar underpinned prices.
US West Texas Intermediate crude…
Iran is squeezing record volumes of gas from two offshore phases of the giant South Pars Gas Field in the Persian Gulf, as falling temperatures in the next few weeks are expected to drive…
France will not increase carbon emissions, as it reduces its reliance on nuclear energy in coming years, a junior minister told energy newsletter Enerpresse.
The United States opposes the planned Nord Stream-2 natural gas pipeline that would connect Russia and Germany, believing it would undermine Europe’s energy security, US Secretary of State Rex…
Representatives of a group of French companies are scheduled to hold a workshop in Tehran this week on health, safety and environment standards in the oil and gas industry.
Concurrent with the gradual rise in the country's natural gas consumption, Iran Gas Engineering and Development Company has started a new round of surveys to increase the number of natural gas…
Russia and Saudi Arabia are not losing sleep over an American shale oil boom.
"Demand is growing ... I don't think we should worry," Saudi Energy Minister Khalid al-Falih said at the…
Royal Dutch Shell has spent over $400 million on a range of acquisitions in recent weeks, from solar power to electric car charging points, intensifying its drive to expand beyond its oil and…
The oil rally paused for breath on Friday after hitting fresh three-year highs in the previous session, but weakness in the dollar continued to underpin prices.
Brent crude futures stood…
Iran is likely to finalize a number of new contracts with foreign companies to develop oil and gas fields in the next three to four months, Amir-Hossein Zamaninia, Iran’s deputy oil minister for…
Baghdad Governorate is discussing the prospect of raising gas import from Iran to ensure its power stations constantly run next summer, the secretary-general of Iran-Iraq Chamber of Commerce…
The maritime authorities of China, Panama, Iran and Hong Kong on Thursday signed an agreement to jointly investigate a collision in the East China Sea, which caused the worst oil ship disaster…
China’s state planner said on Friday it will launch a fresh crackdown on oil refiners that expand capacity without official approval, the latest sweeping move by Beijing to curb unfettered…
A deadly fire erupted on Wednesday at a huge fuel storage tank in the southern port city of Bandar Abbas, Hormozgan Province, killing three people and sending a pall of black smoke into the air…
Oil prices slipped on Wednesday, under pressure from a rise in US crude and gasoline inventories although crude remained near three-year highs.
Brent futures eased 24 cents to $69.72 a…
