Energy

Gholam Mohammad Zarie a member of the Majlis Mines and Industries Committee said Tuesday, "The oil industry's reliance on foreign powers is among the major challenges with which the oil ministry…

After 10 years of delay, the first offshore processing platform was installed in the oil layers of South Pars field, in the Persian Gulf on Tuesday, Mehr news agency reported.

Bijan Namadar Zanganeh said Wednesday," Iran has definitely lost a part of its oil market share due to the sanctions. Sooner or later it will restore its position. The policy of oil price war and…

Brazil's Petroleo Brasileiro SA has notched up a new oil production record of 800,000 barrels per day (bpd) from its offshore subsalt region, the state-run oil company said. The record output on…

Azerbaijan's national oil company SOCAR is planning to invest $10 billion in Turkey's petrochemical firm Petkim in the next seven to eight years, SOCAR said Wednesday.  "SOCAR…

Mexico's oil sector regulator approved the call for bids for its next package of contracts covering 26 onshore areas, part of the country's historic energy industry opening after decades of state…

Kuwait has requested arbitration in a dispute with Saudi Arabia over shared oil production from the neutral zone between the Persian Gulf neighbors which has completely halted, AFP reported…

Royal Dutch Shell Plc won US approval to resume oil exploration off Alaska’s Arctic coast after regulators imposed safety conditions meant to avoid the mishaps that plagued the company three years…

Iran's oil industry is short of a comprehensive strategy for avoiding or minimizing potential geomechanical problems, head of the Research Institute of Petroleum Industry (RIPI) said at the first…

With eight compressed natural gas (CNG) stations having gone into operation in the first 51 days of the current Iranian calendar year (began March 21), the number of CNG stations across the…

Mahdi Rastad, a faculty member at California Polytechnic State University in a lecture at Allameh Tabatabaie University in Tehran said, “The Organization of the Petroleum Exporting Countries (OPEC…

Turkmen Vice-President Khajeh Mohammadov and Iranian Oil Minister Bijan Namdar Zanganeh held talks Monday and the two sides are expected to sign a memorandum of understanding to expand oil and gas…

Top global oil exporter Saudi Arabia raised its crude production in April to a record high, feeding its flourishing Asian market share and its own power plants and refineries. The world's top oil…

British oil major BP will suspend operations at one of its platforms in the Caspian Sea for planned maintenance. Operations would be suspended for three weeks at the end of May at BP's West Azeri…

Saudi Arabian Oil Co., the world’s largest oil exporter, is planning to spend between $70 billion and $80 billion on overseas acquisitions and investments during the next five years, Bloomberg…

On the sidelines of Munich Energy Conference in Berlin, Omar Abdul-Hamid, the director of the Research Division of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria,…

Oil leaked into the Hudson River on Sunday after a transformer fire and explosion a day earlier at the Indian Point nuclear plant north of New York City, Reuters reported.

Repayment of $1.5 billion loans for petrochemical projects will be settled by 2018, production manager at the National Petrochemical Company (NPC) said Monday.

Oil Minister Bijan Namdar Zanganeh said late Sunday “ Expanding the national gas grid in particular to Sistan and Baluchestan Province in the southeast is a priority” of his ministry.

After…

Poland is ready to contribute to Iran’s oil and gas fields’ development plan said    Bogoslav Souzanski, manager of the Middle East department of the state-owned Polish oil and gas…

Iran has agreed to build a crude oil refinery in Indonesia following President Hassan Rouhani's recent visit to Jakarta, Fars news agency reported.

Iran's biggest solar power plant is slated to come into operation within the next two years in northwest Iran, said managing director of Sazeh Omid Negin Co., operator of the project.

Pakistan State Oil Co has issued its first tender to buy liquefied natural gas (LNG) after it recently completed an import terminal, industry sources said on Monday. The company is seeking four…

Asian refiners renewed their contracts for the purchase of oil from Iran, IRNA reported. Chinese, Indian, South Korean, Japanese and Turkish refiners have extended their oil purchase contracts…

China overtook the US as the world’s biggest importer of crude oil in April, the culmination of a seismic shift in global energy flows over the past decade. Chinese customs data showed crude oil…