Pergas Consortium will submit its master development plan proposal to the National Iranian Oil Company to develop Shadegan and Karanj oilfields in the southern oil-rich province of Khuzestan by…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Iran exported over 20 million tons of petrochemical and polymer products in the previous fiscal year that ended on March 20, setting a new record in outbound shipments, said the secretary-general…
South Africa plans to sign new, more transparent nuclear power agreements with five foreign countries after a high court blocked a deal with Russia due to a lack of oversight, the energy ministry…
China is expected to complete sections of the massive Russian oil and gas pipelines that lie in the northeastern province of Heilongjiang by the end of next year, a top provincial official said on…
Oil prices traded largely flat on Friday, supported by expectations of an extended OPEC-led production cut and falling US crude inventories but capped by concerns over global oversupply.
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The International Energy Agency will review its electric vehicle (EV) use and oil demand forecasts after India and China recently signaled new policies in favor of electric cars and vehicles using…
The chief executive of Austrian energy group OMV, Rainer Seele, said on Thursday that talks with Iran's national oil company NIOC on settling outstanding claims which have hindered OMV from…
Iran cut back crude oil production last month in a move that reflects its adherence to a global supply cut deal and OPEC's efforts to shore up prices and restore balance to the beleaguered oil…
Expanding the role and authority of the state-owned National Petrochemical Company is on the agenda of Majlis Energy Commission, the head of the commission said.
“Defining the NPC statute…
OPEC and other oil producers taking part in output cuts have reached a consensus to extend the limits until the end of the year, oil ministers for two of the group’s members said.
Shell on Wednesday urged oil pricing agency S&P Global Platts to protect the dated Brent crude benchmark from declining North Sea supply by including other grades, such as Russian Urals, in…
On April 30, Germany established a new national record for renewable energy use. Part of that day (during the May 1 weekend), 85% of all the electricity consumed in Germany was being produced from…
Crude oil production from the giant South Azadegan field near the Iraqi border will double in the present fiscal year that ends in March 2018, said an official at the Petroleum Engineering and…
Oil futures rose on Wednesday after Reuters reported Saudi Arabia would cut supplies to the region as OPEC tries to counter rising US output that is threatening to derail its attempts to end a…
Shale explorers in the US are boosting drilling budgets 10 times faster than the rest of the world to harvest fields that register fat profits even with the recent drop in oil prices.
Panid Engineering Co., a private domestic firm based in Tehran, has reportedly reached an agreement with US-based Pall Corporation to build a plant for manufacturing filters for the oil industry,…
An official at the French industrial conglomerate Groupe NOX said Iran’s nuclear deal with world powers which took effect last year has improved the prospects for financial and trade ties between…
Russia has steeply raised Urals oil supplies to India, taking market share from OPEC countries that are cutting production as part of a global pact to prop up prices, traders said and shipping…
Iranian Gas Engineering and Development Company implemented projects worth $900 million to expand the national gas grid during the previous fiscal year that ended in March, the head of IGEDC said…
The 10 European countries with the highest rates of climate-changing emissions from energy use are spending around €6.3 billion ($6.89 billion) annually on coal subsidies, money that could instead…
The National Iranian Oil Company has approved a roadmap to expand exploration and production in five oil and gas blocks in line with efforts to raise crude and natural gas output.
The plan…
Oil prices rose on Tuesday, but faced headwinds from concern over slowing demand and the rise in US crude output that has shaken investors' faith in the ability of OPEC to rebalance the market.…
United Kingdom's prime minister will introduce a cap on "unfair energy price rises" if she is reelected on June 8, Theresa May said on Monday. "The cap will be set by the energy watchdog Ofgem and…
An executive at Austria's OMV says he is positive about the new model of contracts for Iran's upcoming oil and gas projects, but noted that the oil and gas major needs to learn more about the…
Domestic companies on Tuesday signed two agreements with the National Iranian Oil Company to study crude oil deposits in the south.
The Oil Industries Engineering and Construction Company…
