The National Iranian Oil Company has handed over a project to the National Iranian Drilling Company for drilling eight exploration wells in unnamed onshore fields, an official at NIDC said.
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iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Egypt has signed a deepwater oil and gas exploration deal with Royal Dutch Shell and Malaysia’s Petronas worth around $1 billion for eight wells in the country’s West Nile Delta, the petroleum…
Uzbekistan is planning to establish a major gas chemical complex at the heart of what will be Central Asia’s biggest technological cluster to supply polymers to more than 10 local plastics…
Renewable energy sources, notably solar and wind, are reaching price and performance parity on and off the grid globally and, as technologies continue to advance their deployment, prices will…
National joint-stock company Naftogaz Ukrainy plans to issue up to $1 billion worth of eurobonds in October, Naftogaz Board Chairman Andriy Kobolev has said. “Yes, we will issue. I think that it…
China’s Sinopec Corp has joined a group planning to build an oil refinery in Alberta, an enterprise that would strengthen demand for the Canadian province’s heavily discounted crude.
Abu Dhabi is pushing ahead with an initial public offering for Spanish oil company Cia Espanola de Petroleos SAU, in what could be the largest such deal in a decade. The emirate’s Mubadala…
China will speed up efforts to ensure its wind and solar power sectors can compete without subsidies and achieve “grid price parity” with traditional energy sources like coal, according to new…
Oil prices rose on Monday as investors worried about the impact of US sanctions on Iran despite assurances by Washington that Saudi Arabia, Russia and the United States could together raise…
With a critical meeting in Algiers fast approaching, a fractured OPEC and its allies are still searching for consensus on how members with spare output capacity can equitably distribute the…
United States' sanctions on Iran's oil industry are unproductive and there will be consequences to such a move, Russian Energy Minister Alexander Novak said.
"Our position remains that…
Iranian Central Oil Fields Company plans to develop eight gas fields so as to prevent a reduction in their extraction rate, ICOFC’s managing director said.
The second development phase of Abadan Oil Refinery in Khuzestan Province is making progress as per the envisaged plans, the refinery’s managing director said.
Operations to build new combined-cycle power plants in southeastern Sistan-Baluchestan Province, with a collective capacity of 1,350 megawatts, are underway as part of efforts to minimize…
Imposing sanctions against oil producing states like Iran will have an adverse impact on oil markets as well as the world's economy, the country's former governor at the Organization of…
Iran's top engineering and energy enterprise MAPNA Group is set to embark on a petrochemical project and implementation of power plants in the Parsian Special Economic Energy Zone in the…
US President Donald Trump on Thursday demanded OPEC lower prices, boasting that Middle East Arab countries owe their security to American support. “We protect the countries of the Middle East,…
India may revert to paying Iran in rupees for the oil it buys from its third largest supplier, as US sanctions will from Nov. 4 block the use of US dollars to settle such trades, a top official…
ExxonMobil, Chevron and Occidental Petroleum are joining the Oil and Gas Climate Initiative to mitigate climate change.
Crude oil exports from southern Iraq are close to a record high so far in September, averaging 3.6 million barrels per day as of Thursday, according to sources who had tracked shipping data to…
Oil Minister Bijan Namdar Zanganeh on Thursday said he would veto any OPEC deal that imperils Iran's oil market share, after the organization's talks with Russia and other partners to…
An OPEC and non-OPEC monitoring committee found that oil producers’ compliance with a supply-reduction agreement reached 129% in August, two committee delegates said on Saturday. Compliance with…
Iran's LPG shipments loaded, or due for lifting, in September dipped to 356,000 million tons ahead of new US sanctions in November, after hitting 568,000 million tons last month, the highest…
India’s Reliance Industries has shut down an oil and gas field in the offshore Krishna-Godavari basin after its production rates began to decline several months ago, the company said in a…
Millions of dollars in subsidies for a Nova Scotia tidal project is just one of the coming announcements, as Ottawa boosts riskier forms of renewable energy, says the federal natural resources…
