Strike action on Monday cut flows from the Total-operated Elgin-Franklin and Alwyn natural gas field in the UK North Sea by 13 million cubic meters per day, giving the UK gas price a small boost…
Energy
Rising oil revenues are improving the outlook for budget and trade balances among Persian Gulf Arab countries, but will do very little to boost economic growth, a quarterly Reuters poll of…
Iran has overtaken Saudi Arabia as India’s number two oil supplier in the April-June quarter, India’s oil minister said on Monday. Iraq remains India’s number-one supplier of crude. While Iran…
The National Iranian South Oil Company and Petro Gohar Farasahel Kish Company have signed a non-disclosure agreement, based on which the latter will develop oil storage infrastructure in Ahvaz…
The Petrochemical Research and Technology Company has devised plans to provide domestic petrochemical complexes with catalysts and licenses to expand production and boost quality, PRTC's…
Isfahan Power Plant in the eponymous central province has launched a plan to meet 30% of its water demand by treating effluents produced in the nearby cities of Khomeini Shahr and Dorcheh…
Iran's Oil Minister Bijan Namdar Zanganeh met his Russian counterpart, Alexander Novak, in Moscow on Monday.
Private investments in the renewable sector are projected to reach 200 trillion rials ($4.7 billion) by the end of next fiscal year (March 20, 2020), the head of Renewable Energy and Energy…
In line with efforts to curtail gas emissions, Shahid Hasheminejad Gas Processing Company curbed the release of 46,000 tons of carbon dioxide by developing the second phase of flare gas recovery…
Global energy investment fell by 2% in 2017, the third consecutive year of a decline, which sounded the alarm this week, warning that the world is not spending enough on energy.
The world’s largest oil companies are pumping more natural gas than ever before, helping spur a rise in profits while sating rising global demand for fuels, which can mitigate global greenhouse…
In recent months, India and China purchased more than 600,000 bpd apiece from Iran. Together, that amounts to about 60% of Iran’s oil exports, which makes them hugely important to the efficacy…
Iran's sovereign-wealth fund has approved the investment of 196 trillion rials ($4.6 billion) for water and agriculture ventures in the current fiscal year (started March 21).
Japan’s major oil distributors are considering halting oil imports from Iran in response to US demands, sources familiar with the plan said on Thursday.
Royal Dutch Shell Plc is in talks to sell two Nigerian oil licenses in an area that’s at the heart of environmental and human rights controversies for $2 billion, according to people familiar…
The National Iranian Drilling Company's experts have designed and manufactured the first indigenized well test burner dubbed "Land Burner" to address the environmentally-unfriendly fallout…
The key factor hindering renewable energy development in Iran is hefty subsidies granted to fossil fuels, making electricity output of power plants running on natural gas unreasonably cheaper…
The National Petrochemical Company earned $3.1 billion in export revenues during the first quarter of the current fiscal year (March 21-June 21).
According to NIPNA, the official news…
Egypt said on Saturday it was raising the price of natural gas for home and commercial use by up to 75%, the latest move in an IMF-backed austerity program that has left many Egyptians…
Argentina will begin exporting natural gas to Chile from October, the Argentine Energy Ministry said on Friday, following a meeting between the governments of both countries.
Speaking to Indian TV, Germany voiced hope that India would continue to purchase Iranian oil in the face of looming US sanctions against Tehran.
Tabriz Oil Refining Company signed a $12 million agreement on Saturday with a consortium formed by an unnamed German firm and a domestic company on financing and implementing a tail gas…
The US oil and gas industry is lobbying against tighter sanctions on Russia, which could impact US investments there, congressional sources said on Friday. The US Senate has revived a bill,…
It has been a stifling summer of disappointment for investors in the UK’s wind farms that have been brought to a standstill by a heatwave, leading to a major drop in power generation, which eat…
Turkey’s biggest oil importer Tupras has cut back purchases of Iranian crude since May, when the United States said it would reimpose sanctions on Tehran, and analysts say Tupras is likely to…
