Saudi Arabia raised its oil production to a record last month while much of the kingdom sweltered in record temperatures that have also hit neighboring countries across the Middle East.
Energy
US oil producers added rigs for the seventh week in a row, the longest period of expansion since the final days of the drilling boom in early 2014.
A consortium of Norwegian knowledge-based companies and academic bodies, organized by an Iranian energy management and consultancy company Energiring, held a seminar on the development of oil and…
Thanks to the South Pars Phase 19 development operations aimed at completing processing units and boosting natural gas extraction from offshore platforms, gas production and sweetening in this…
Iran should invest oil revenue in infrastructures, a senior energy analyst said, strongly advising against using the multibillion dollar income to pay cash subsidies that are taking a heavy toll…
Iran needs to generate 20,000 MW of electricity from nuclear power, which requires the construction of about 10 nuclear plants.
Hossein Naqavi Hosseini, spokesman of Majlis…
Kenya is set to join the ranks of oil producing nations after its government approved plans to extract up to 4,000 barrels per day from newly discovered reserves. African multinational oil and gas…
Environmentalists rejoiced on Sunday as energy generated by high winds in Scotland was enough to power the entire country for the day. According to a report by The Guardian, the United Kingdom’s…
Hyundai Oilbank Company, a South Korean refiner, has bought its first Iranian condensate cargoes to prepare for trial runs at a new refining unit in its joint venture with Lotte Chemical, two…
Poland is replacing Russian oil with Iranian oil and unsold Urals crude, Russia's main oil export grade, is being redirected to Asia, industry sources told Reuters.
Iran will start to receive bids for some of its oil projects in two months under a new model of contracts, said the deputy oil minister for international affairs.
National Iranian Oil Company is ready to sign contracts with domestic companies and conglomerates to develop small- and medium-sized oil and gas fields, provided they are equipped with not only…
Venezuelan Oil Minister Eulogio Del Pino on Saturday began a tour of OPEC and non-OPEC countries as part of an effort to reach consensus among oil-producing countries on a strategy for boosting…
The first phase of the Persian Gulf Star Refinery in southern Iran is expected to go on stream in the current Iranian year (started March 20), managing director of Tamin Petroleum &…
Oil prices were largely unchanged on Friday after both price benchmarks Brent and WTI rose more than 4% on Thursday following upbeat remarks by Saudi Arabia's Energy Minister Khalid al-Falih that…
Saudi Arabia promises to work with OPEC and non-OPEC members to help stabilize oil markets, it said a month ahead of an informal meeting of major producing countries in Algeria.
Iraq has reached agreement with BP, Shell and Lukoil to restart stalled investment in oilfields the firms are developing, allowing projects that were halted this year to resume and crude…
The Energy Ministry announced that power plants nationwide have increased the use of gas feedstock by 5% over the past four and a half months compared with that of the corresponding period of last…
As soon as offshore platforms 21, 19A and 18B are hooked up to onshore refining complexes and platforms 20, 17B and 19B go on stream, 140 million cubic meters a day will be added to Iran's daily…
Oman and Iran have agreed to change the route and design a planned undersea natural gas pipeline to avoid waters controlled by the UAE, Oman's Minister of Oil and Gas Mohammed bin Hamad al-Rumhy…
Turkey wants to buy more natural gas from Iran and has discussed pricing issues, Foreign Minister Mevlut Cavusoglu said on Friday, adding that Ankara and Tehran should resolve a dispute on gas…
Gazprom said higher gas sales to Europe boosted its first-quarter revenue and it may export more to the region than expected this year because of lower Dutch gas output and limited shipments of…
Oil fell on Wednesday, hit by improved prospects for US output and a glut in refined products, while analysts largely expected no impact on supplies from talk of a potential producer meeting to…
Demand for oil will likely increase for this year but dip in 2017, according to the latest "Short-Term Energy Outlook" released on Tuesday by the United States' Energy Information…
India’s state-run Chennai Petroleum Corp., in which Iran has a stake, plans to spend about 200 billion rupees ($3 billion) for a ninefold capacity boost at one of its refineries to quench the…
