Energy

While Denmark is yet to give permission for the Nord Stream 2 pipeline, Sweden became the latest EU country to sign off on construction permissions for the pipeline to carry Russian gas under…

National Iranian Oil Company plans to increase the production capacity of its oilfields by 400,000 barrels per day. NIOC’s deputy head, Gholamreza Manouchehri, made the announcement on Tuesday,…

Oil Minister Bijan Namdar Zanganeh rejected leaving the 2016 pact of curbing oil output by OPEC members.

"Every decision in OPEC needs unanimity … I do not believe that we can reach an…

Zanjan Petrochemical Complex’s registered capital has experienced a sixfold increase in the past three years, which can contribute to Zanjan Province’s growth in acquiring modern technologies,…

The state-run Renewable Energy Organization of Iran, aka SUNA, settled roughly $23.6 million of unpaid dues for purchasing electricity from renewable power stations, the head of the organization…

Domestic water and power plans are expected to draw a total of €4 billion ($4.63 billion) in finance from Islamic Development Bank, ECO Trade and Development Bank as well as Asian Infrastructure…

ExxonMobil plans to develop a project to import liquefied natural gas on Australia’s east coast that has been suffering from gas shortages lately.

The US supermajor is planning for the…

Despite expectations that OPEC and Russia will likely decide to boost production this week, Goldman Sachs continues to have a very bullish view on oil prices, with strong demand growth and…

Beijing’s retaliatory measures against US tariffs can include penalties on oil coming to China from America. A cut in Chinese purchases of US oil may benefit Iran's sales.

“The Chinese…

Japan’s Osaka Gas Company said on Tuesday it would bring forward its schedule for restoring normal piped gas supplies to customers hit by an unplanned disruption following a magnitude 6.1…

Despite the US-Saudi Arabia ploy to coerce OPEC members' to raise output, the National Iranian Oil Company should strongly hold its position to maintain oil production and exports at the current…

Operations to develop South Pars Gas Field's Phase 11 in the Persian Gulf are moving forward despite Total abandoning the venture, the deputy for development and engineering at the National…

Iran says Venezuela and Iraq will join it in blocking a proposal to increase oil production, which is backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week.

China’s threat to impose duties on US oil imports will hit a business that has soared in the last two years, which is now worth almost $1 billion per month.

Norwegian oil and gas firm Equinor has awarded drilling and well service contracts worth 30 billion Norwegian crowns ($3.68 billion) to Schlumberger, Halliburton and Baker Hughes, it said on…

Venezuela’s economic and oil industry demise is likely to result in its crude oil exports to China plummeting to their lowest level in almost eight years in July, Reuters reported on Friday,…

The construction operation of the mega petrochemical project in the city of Masjed Soleyman in southern Khuzestan Province is in a good stage of development, the CEO of Masjed Soleyman…

Shahid Mofatteh Power Plant in Hamedan Province has scaled back its gas consumption by 22.8% in the past three months compared with the corresponding period of the last fiscal year (ended March…

The National Iranian Oil Company needs a policy paradigm shift to develop oilfields, a member of Iran's Institute for International Energy Studies said.

Norway’s Petroleum and Energy Minister Terje Soviknes will meet next week with companies and other stakeholders to discuss the potential construction of offshore floating wind farms in Norwegian…

Venezuela’s plummeting oil production is nearing the psychological threshold of just 1 million barrels per day as early as this year, analysts and industry experts tell Platts.

The planned increase of crude production by OPEC+ nations of 1.5 million barrels per day may only cover Q3 2018, Russia’s Energy Minister Alexander Novak said on Saturday.

Egypt has raised gasoline prices by up to 50%, its oil minister said on Saturday, under an IMF reform plan calling for austerity measures that have made life tougher for ordinary Egyptians. Oil…

Turkey is taking advantage of its abundant supply of  freshwater as a bargaining chip not only to help preserve national integrity but also to help its economy thrive, a senior research…

The Oil Ministry plans to modify the contracts it had earlier signed with domestic oil parts manufacturers so that they would be able to fulfill their commitments, the head of the Society of…