Caracas hopes that the global oil market will stabilize in the range of $50-60 per barrel, Russia's ambassador to Venezuela told Sputnik. Venezuela considers global oil prices of up to $60 per…
Energy
Iran has sold its first cargo of gas condensate and crude oil to British companies, director for international affairs at the National Iranian Oil Company said on Monday.
"A cargo of one…
Iran is planning to cut down on harmful emissions and cap fuel consumption by expanding its rail network, Oil Minister Bijan Namdar Zanganeh said.
National Iranian Gas Company is discussing gas swap deals with neighboring countries as Iran continues to assert itself in the global gas market.
"Plans call for signing new natural gas…
Iran's total crude oil and condensates sales likely reached around 2.8 million barrels per day in September, two sources with knowledge of the matter said, nearly matching a 2011 peak in shipments…
Workers at three onshore plants serving Norway's oil and gas industry will strike from October 7 unless they get a new wage deal, a labor union said on Monday, potentially threatening Britain's…
Russian oil output jumped by almost 4% in September from the previous month to 11.11
million barrels per day, a new post-Soviet record-high, as companies ramped up drilling amid improved…
Iran's top energy official has warned that should Tehran fail to meet its obligations under the Paris Agreement on Climate Change, it will have to deal with sanctions "far more serious" than the…
Iraq's oil exports from its southern ports rose to an average of 3.245 million barrels per day in September, from 3.230 million in August, the oil ministry said on Saturday.
Integrated oil majors like ExxonMobil, Chevron and Shell once dominated the standings of the world’s leading energy companies, with assets, revenue and earnings far outpacing just about everyone…
Iran plans to raise crude oil exports to 2.35 million barrels per day "over the next few months", the National Iranian Oil Company’s director for international affairs said.
The National Iranian Tanker Company is prepared to cooperate with Norwegian companies to transport liquefied natural gas cargo to international markets, managing director of NITC said on Sunday.…
Iran needs new investments to boost its subpar oil/gas production and processing capacity and reassert itself on the international energy landscape after years of sanctions that undermined its…
Asian liquefied natural gas prices rose this week on fresh Indian and ongoing South Korean demand as a forthcoming production outage in Australia was set to curb global supply.
Month-ahead…
OPEC's oil output is likely to reach its highest in recent history in September, a Reuters survey found on Friday, as Iraq boosted northern exports and Libya reopened some of its main oil…
More than 500 leading renewable energy experts are taking part in the third International Off-Grid Renewable Energy Conference which opened on October first in Nairobi, Kenya. Organized by the…
The National Iranian Oil Company’s director for international affairs says the company has finalized a deal to sell one million barrels of oil to Hungary in November.
“An agreement to ship…
Russia has opened a $5 billion credit line to help finance infrastructure projects in Iran, $250 million of which is allocated for deep-water discovery projects, a deputy energy minister said,…
Feasibility studies to curb mazut and sulfur production in Bandar Abbas Refinery, Hormozgan Province, are in the final stages, the refinery’s managing director said on Saturday.
Exports of gas condensates from the South Pars Gas Complex exceeded 76 million barrels in the last six months of the current fiscal year that ends in March 2017, managing director of company said…
Russia's Lukoil plans to sign two oilfield agreements with Iran, namely Ab Teymour and Mansouri, in the fall of 2017, the company's managing director said on Friday.
Vagit Alekperov told…
Japan signaled on Wednesday it would scrap a costly prototype nuclear reactor that has operated for less than a year in more than two decades at a cost of $9.84 billion.
Tokyo believes it…
Iran’s gas giant says it has plans to raise production capacity to 1 billion cubic meters per day from the South Pars field within two years and produce 1.2 bcm/d by 2020.
Hamidreza Araqi,…
Turkey will reduce the price of natural gas by 10% for domestic consumers and industrials from October 1, Energy Minister Berat Albayarak said on Thursday. Speaking in an interview with state-run…
OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its hawkish stance on pumping extra barrels amid mounting pressure…
