Global investments in renewable energy fell by almost a quarter in 2016 amid a drop in prices and lower spending in some markets, according to a US-backed report.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
France's oldest nuclear power reactor will stop electricity production by April 2020, once a new generation EPR reactor under construction in Flamanville is operational, according to a decree…
Avenues for cooperation in water industry were discussed in a meeting in Tehran between officials of the Energy Ministry and Netherland's Ministry of Infrastructure and Environment on Sunday.
Oil Minister Bijan Namdar Zanganeh told lawmakers on Sunday that signing contracts with international oil and gas majors will safeguard the landmark nuclear agreement with the world powers and…
The National Iranian Oil Company is eager to develop offshore oil and gas fields in the Caspian Sea in collaboration with foreign majors. .
The most effective policy to challenge Qatar's efforts to boost production from the joint South Pars Gas Field in the Persian Gulf by 10% would be to accelerate development projects in the field…
Officials in central Yazd Province are considering plans to install and expand solar power infrastructure in the sun-drenched region.
The Energy Ministry is adopting measures to ensure that growing power demand will be met during the hot summer season, a deputy energy minister said.
Houshang Falahatian said plans should…
Iran's crude oil edged closer to $50 a barrel at the end of last month, the Oil Ministry said.
Iran Heavy, the country's main export grade, settled at $49.17 per barrel in the week to March…
Iran will cut some benefits to Indian state-run refiners on crude purchases after the South Asian country decided to reduce the amount of oil it buys from the Persian Gulf nation, people with…
Plans are in place to boost oil production capacity to half a million barrels per day from shared oilfields with Iraq in an oil block known as the West Karoun in Khuzestan Province, a senior oil…
Russian Energy Minister Alexander Novak said on Friday that it was premature to say if the global deal on reduced oil output should be extended into the second half of the year.
The world added a record 138.5 gigawatts of renewable power capacity in 2016 despite a 23% drop in investment, reflecting the falling cost of clean energy, the UN announced Thursday.
The…
Oil prices hit a one-month high on Friday after the United States attacked a Syrian government airbase, sending shockwaves through global markets and raising concerns of the conflict spreading in…
Rosneft PJSC’s commitment to pay in advance for crude oil from the Kurdish region of Iraq is about $1 billion, according to two people with knowledge of the matter who asked not to named as…
Iran has sold all the oil it had stored for years at sea and is now struggling to keep exports growing as it grapples with production constraints, shipping and oil sources say.
In line with plans to increase oil exports, the National Iranian South Oil Company says it is willing to increase oil output to more than 3 million barrels per day, managing director of NISOC said…
BP and Iran's state-run oil company received a license from the US Treasury last year to operate their joint gas field in the North Sea following the lifting of international sanctions on Tehran,…
Tehran will extend the list of international companies that will be eligible for bidding in its coming oil and gas tenders, a deputy at the National Iranian Oil Company said.
"The Oil…
In March Saudi Arabia shipped four cargoes of oil products to Egypt, according to Saudi Oil Minister Khalid al-Falih on Thursday. The kingdom's agreement with Egypt to reinstate a…
Oil Minister Bijan Namdar Zanganeh on Wednesday dismissed India's decision to cut oil imports from Tehran in 2017-18 by a fifth as a threat, in an escalation of a dispute over a giant gas field…
China plans to impose consumption taxes on oil byproducts such as mixed aromatics, light cycle oil and bitumen blend, tightening regulations on a fuel import market worth millions of dollars…
Oil hit a one-month high near $55 a barrel on Wednesday as a drop in US crude inventories raised hopes that OPEC-led supply restraint is clearing a glut, while an outage at a UK North Sea oilfield…
US giant ExxonMobil with Qatar Petroleum on Wednesday signed a license to explore for oil and gas off the coast of Cyprus, and they expect to start drilling next year.
The venture was…
Iran's crude oil prices settled around 25% higher in March compared to the same period the previous year, drawing support from a global pact to scale back production to prop up prices.
