Global fossil giant BP Plc., fresh from recalculating the penalties it will pay for triggering a catastrophic 2010 explosion and well failure at its Deepwater Horizon drill site in the Gulf of…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Energy guru Charif Souki, the chairman and co-founder of Tellurian, a leading global LNG developer, says natural gas industry is going to need a major fund infusion to keep drilling.
New forecasts from the International Energy Agency say the United States is on track to overtake Saudi Arabia as the second-largest oil producer in the world, just behind Russia, according to…
In line with policies to reduce the production and sale of low value-added products, two projects, worth about $7 billion, are being finalized to produce an array of petrochemicals with greater…
The price of Iran’s light crude oil settled up $1.69 a barrel at $69.23 in the week to Jan. 12, in line with a rally that has pushed global prices to their highest levels in three years.
As oil trades near a three-year high and crude stockpiles fall rapidly, analysts are questioning whether the OPEC-led production cuts will last until the end of the year.
As the producer…
Sportswear giant Nike has signed its second major wind power agreement with Avangrid Renewables. The deal is for 86 megawatts of wind power from the Karankawa Wind Farm in Bee and San Patricio…
South Korea plans to increase the supplies of liquefied natural gas from Russia, the Ministry for the Development of the Russian Far East said, citing the head of South Korea's Northern Economic…
The voyage data recorder of Iranian oil tanker Sanchi will be examined in China in the next few days, a deputy at Iran's Ports and Maritime Organization said, as the country hopes the ship's…
Oil prices slid on Friday, putting them on course for the biggest weekly falls since October, as a bounce-back in US production outweighed ongoing declines in crude inventories.
Brent…
US oil output is set for “explosive” growth this year as prices rally, potentially offsetting a further collapse in Venezuela’s production, the International Energy Agency said.
The…
Saudi Arabian Oil Company is ready for its initial public offering in the second half, with the government yet to decide where to list the shares, Chief Executive Officer Amin Nasser said.
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Petroiran Development Company has signed a memorandum of understanding with the National Iranian Oil Company to conduct surveys on two onshore oilfields in Ilam and Khuzestan provinces.
Iranians consumed an average of 75 million liters per day of gasoline between Dec. 12 and Jan. 1, up 6% compared with the corresponding period of the last fiscal year (ended March 20, 2017),…
Bunker fuel may now be leaking from the Iranian oil tanker that sank in the East China Sea last Sunday, China's State Oceanic Administration said, underlining fears for contamination from the…
Iran's crude production inched up in December as the country maintained output close to levels it has agreed to under a global supply cut deal, OPEC's data showed on Thursday.
Crude oil…
Generating electricity from renewable energy sources is not only better for the environment compared to fossil fuels, but it will also be consistently cheaper in just a few years, a new report…
As per the Sixth Five-Year Economic Development Plan (2017-22), Iran Power Generation, Distribution and Transmission Company (aka Tavanir) has been obliged to boost the country's electricity…
Oil prices gave up some early gains on Wednesday as analysts warned of a downward correction, but remained well supported on the back of tightening supply and strong global demand.
China’s insatiable appetite for solar power led to a surprise increase in global clean-energy investment last year even as US President Donald Trump pushed to undermine pollution rules and curbs…
Kuwait’s Oil Minister Bakhit al-Rashidi said on Wednesday there is no plan or intention so far to exit from a production-cutting agreement among OPEC and non-OPEC oil producers. “The production-…
Iran's energy industry has been on an upward path since the lifting of sanctions, but financial constraints could keep in check some of the country's biggest oil and gas development projects,…
BP Plc expects to book a post-tax non-operating charge of about $1.7 billion in its fourth-quarter results, reflecting the remaining losses and claims from the 2010 Deepwater Horizon disaster.…
Swept by an excess of dam constructions in the past decades, Iran should maintain a policy of building no new embankments until its current dam projects are completed, said the chief executive…
Brent crude oil shed some of its recent gains by falling just over $1 a barrel on Tuesday but healthy demand underpinned prices near $70, a level not seen since the 2014 market slump.
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