Energy

Gasoline imports have decreased by more than 50 percent, reaching 4.7 million liters per day in the present Iranian calendar year (ends March 2015), the managing director of National Iranian Oil…

Airbus Group has unveiled plans to sell half a dozen businesses with combined annual revenues of around 2 billion euro ($2.6 billion), simplifying its Defense and Space division to focus on…

Deputy energy minister, Houshang Falahatian said Tuesday some leading European companies have expressed interest in collaborating with Iran's electricity industry.

There has been a…

The Oil Industry Research Institute of Iran is ready to explore new methane resources in the country's rich coal reserves, said the institute's director of upstream sector Seyyed Saleh Hendi,…

The nearly 200,000 barrels arriving each day in Ceyhan, Turkey, from Kirkuk, Iraq, do not contain the Islamic State (IS) oil, said Turkish Energy Minister Taner Yildiz on Monday, Anadolu…

China, the world’s largest consumer of coal, is restricting the dirtiest grades to fight pollution. Coal with ash content of more than 40 percent and sulfur of more than 3 percent are banned from…

Thai energy company PTT has joined with Saudi Aramco, the world’s biggest oil producer, to submit a proposal to the Vietnamese government to build a $22 billion refinery and petrochemical complex…

Nearly 1.8 billion megawatt hours (MWh) of energy was consumed by the UAE to achieve a total annual GDP (gross domestic product) of $377 billion in 2013, according to Heliocentris, a German market…

Faulty well integrity, not hydraulic fracturing deep underground, is the primary cause of drinking water contamination from shale gas extraction in parts of Pennsylvania and Texas, according to a…

A host of European nations including Germany and Spain and a few other Europeans have turned to Iran to augment their energy needs following the sanctions imposed on Russia," said the chairman of…

Tamin Petroleum and Petrochemical Investment Co. (TAPPICO) aims to double its capital for investment in petrochemical contracts, said financial manager, Shana reported.

Gazprom Neft, the oil arm of Russian state gas company Gazprom, will stick to its production plans at its Prirazlomnaya oil field in the Arctic despite Western sanctions, First Deputy…

Libya's oil production has risen to 870,000 barrels a day, a spokesman for state-run National Oil Corp (NOC) told Reuters. NOC had put output last week at 810,000 bpd. The OPEC member's production…

Iran exported 90 percent of its liquefied petroleum gas (LPG) production in the first 5 months of the present Iranian calendar year (started March 2014), IRNA reported.

Exports of natural gas from Russia are expected to grow while crude sales are most likely to go down as a result of a revival in Libyan oil production, and the start of light crude exports from…

China Petroleum & Chemical Corp. shares fell the most in 19 months in Hong Kong after saying it will sell a stake in its fuel-retailing business for 107 billion yuan ($17.5 billion), a price…

Articles 15 and 16 of the 2014-2015 national budget law are to be ratified by parliament. They are designed to remove obstacles in production, ease restrictions on oil industry investments, and…

South Korea’s imports of Iranian crude doubled in August from a year ago but fell 8 percent in the first eight months year-on-year, reflecting moves by the world’s fifth-largest crude oil importer…

Western sanctions against Russia, coupled with ongoing political instability in Libya and the advance of Islamic State (IS) militants in Iraq, could leave the global oil supply exposed and push up…

Chemists in Scotland say they have made a major advancement in the process of producing hydrogen from water that may offer cleaner and cheaper gas, and a renewable source of energy.

"The…

China Petroleum & Chemical Corp., Asia’s top refiner, agreed to sell a 29.99 percent stake in its retail business for 107 billion yuan ($17.5 billion) to a group of investors including China…

Google signed its 17th project related to renewable electricity generation: it’s putting $145 million into an 82 megawatt (MW) solar project being built by SunEdison.

After dismissing Chinese contractors from the joint South Azadegan oil field due to underperformance, Iranian companies have dispatched their drilling rigs, in an effort to overcome the deficit…

Electricity forward contracts in the derivatives market, petroleum products, and other energy carriers in the physical market saw a significant 230 percent boost during the past two weeks,…

Fracking has transformed the United States into the world’s largest producer of natural gas, and now Europe is weighing the pros and cons of the controversial technique as it seeks greater energy…