Venezuela’s economic and oil industry demise is likely to result in its crude oil exports to China plummeting to their lowest level in almost eight years in July, Reuters reported on Friday,…
Energy
The construction operation of the mega petrochemical project in the city of Masjed Soleyman in southern Khuzestan Province is in a good stage of development, the CEO of Masjed Soleyman…
Shahid Mofatteh Power Plant in Hamedan Province has scaled back its gas consumption by 22.8% in the past three months compared with the corresponding period of the last fiscal year (ended March…
The National Iranian Oil Company needs a policy paradigm shift to develop oilfields, a member of Iran's Institute for International Energy Studies said.
Norway’s Petroleum and Energy Minister Terje Soviknes will meet next week with companies and other stakeholders to discuss the potential construction of offshore floating wind farms in Norwegian…
Venezuela’s plummeting oil production is nearing the psychological threshold of just 1 million barrels per day as early as this year, analysts and industry experts tell Platts.
The planned increase of crude production by OPEC+ nations of 1.5 million barrels per day may only cover Q3 2018, Russia’s Energy Minister Alexander Novak said on Saturday.
Egypt has raised gasoline prices by up to 50%, its oil minister said on Saturday, under an IMF reform plan calling for austerity measures that have made life tougher for ordinary Egyptians. Oil…
Turkey is taking advantage of its abundant supply of freshwater as a bargaining chip not only to help preserve national integrity but also to help its economy thrive, a senior research…
The Oil Ministry plans to modify the contracts it had earlier signed with domestic oil parts manufacturers so that they would be able to fulfill their commitments, the head of the Society of…
The US political pressure on Saudi Arabia to boost oil output, irrespective of OPEC's agreement on production curb, is more of a conspiracy against the organization to undermine its decision…
Gazprom, Russia’s fourth largest gas producer, is mulling over taking part in development of Farzad-A and Farzad-B, a large gas reservoir in the Persian Gulf, a senior official at Gazprom said…
Pipelines connecting offshore platforms of the South Pars Gas Field's phases 6-8 in the Persian Gulf to the offshore refineries of phases 4-5 have gone on stream, adding 3 million cubic meters…
Weak diplomatic relations with India and Pakistan have prevented Iran from becoming a natural gas exporter, an energy expert said.
Iran, or any other member of the Organization of Oil Exporting Countries, can unilaterally thwart efforts to reach an agreement to raise the group’s oil production, as it requires a 100%…
Oil prices fell more than $2 a barrel on Friday after two of the world’s biggest producers indicated they might increase output at next week’s OPEC meeting, while US exports were threatened by…
Samsung will soon draw 100% of its electricity needs from renewable energy sources across all its sites in the United States, Europe and China, the Korea-based global electronics manufacturing…
South Korea’s Iranian crude oil imports fell in May to their lowest since January 2016, as South Korean buyers sought to reduce purchases of Iranian oil amid new US sanctions on Iran.
Russian gas giant Gazprom has resumed talks with South Korea over a decade-old idea to build a gas pipeline from Russia’s Far East to South Korea through North Korea, the deputy chairman of…
India’s oil imports from Iran surged to about 705,000 barrels per day in May, their highest level since October 2016, according to data from shipping and industry sources, despite the threats of…
Oil prices fell on Wednesday, hit by rising supplies in the United States and expectations that producer group OPEC could relax voluntary output cuts.
Benchmark Brent crude oil slid 35…
Royal Dutch Shell has introduced gas to its 490-meter-long Prelude floating liquefied natural gas (FLNG) unit as part of the cooling process before startup, a spokeswoman told Reuters on…
ExxonMobil, which unlike its competitors steered clear of energy trading in the past, has recently started to hire experienced traders as it aims to trade more of its products to increase…
Turkey and Azerbaijan have inaugurated the TANAP pipeline that will bring gas to Europe while bypassing Russia. The project has won political support from both the United States and European…
Neighboring states' operations to control transboundary waters—the shared aquifers, lakes and river basins—have exacerbated the severe water shortage in Iran, a former member of World Water…
