Shell was the only company expressing interest in purchasing crude oil produced in the pre-salt offshore zone that has attracted major interest from Big Oil.
Reuters quoted a…
Energy
A return to oil production levels that were in place in October 2016, the baseline for the current deal to cut output, is one of the options for easing curbs, Russia’s energy minister said on…
Russian state gas giant Gazprom said on Saturday it had signed a protocol with the Turkish government on a planned gas pipeline and agreed with Turkish firm Botas to end an arbitration dispute…
There are plans to expand underground gas storage facilities in Azerbaijan to 5 billion cubic meters, said director general of Azneft Production Union of Azerbaijan’s state oil company SOCAR…
Iran's gas condensate exports from the giant South Pars Gas Field in the Persian Gulf witnessed a considerable hike in terms of volume and value in the second Iranian month (ended May 21), the…
The severe competition between gasoline producers and consumers is excessively raising output, because of which consumption of the strategic fuel should be curbed, the secretary-general of the…
Natural gas exports experienced a 60% hike during the fiscal 2017-18 compared with the corresponding period of the previous year, the National Iranian Gas Company's director for international…
The 24 OPEC and non-OPEC producing countries participating in the voluntary production adjustments continue to maintain outstanding levels of conformity to the terms of the historic "Declaration…
US President Donald Trump's unilateral decision to withdraw from the Iran nuclear accord could knock 5% of global oil production offline and drive the oil price to unpredictable highs, the chief…
In line with plans to boost gas output from South Pars Gas Field in the Persian Gulf, the first offshore platform of the field's Phase 22 was successfully installed late on Friday.
Iran’s rial devaluation against the US dollar is not expected to have a significant impact on the actual cost of electricity generated in the country, a deputy at Iran Power Generation,…
Iran's crude oil prices continued to advance in the week to May 18, following the trail of international oil benchmarks that have rallied to their peak levels in more than four years.
Japanese oil refiners will likely take a few months to decide policy on Iranian crude purchases in response to US sanctions, the new president of the Petroleum Association of Japan, Takashi…
Saudi Aramco’s much-hyped initial public offering is “most likely” to take place in 2019, Saudi Energy Minister Khalid Al-Falih said on Friday, likely confirming that plans for the IPO…
France's Total is expected to sign a deal with Russia's Novatek to enter the Arctic LNG 2 project, the Kremlin said in a note ahead of the meeting of French President Emmanuel Macron and Russian…
Soaring gasoline and diesel prices in India require urgent action, Oil Minister Dharmendra Pradhan told media.
The Indian government is seeking a solution to the problem, which…
Russia and Saudi Arabia, the oil producers who led the effort to shrink a global glut, said they are discussing easing output curbs for the first time.
While scaling back the supply caps…
Russia’s Rosneft has discovered a new oilfield in southwestern Iraq, the company said. The first well in the field, named Salman, was drilled at over 4,000 meters and it tapped commercial…
Potable water consumption amounts to a massive 7.5 billion cubic meters per annum, Iran's energy minister said.
"The country's limited non-renewable resources, including water, are being…
The central Yazd Province’s solar power production capacity financed by foreign investors is expected to reach 70 megawatts by the end of the current fiscal year (March 20, 2019), managing…
The tender results for developing North Azadegan Oilfield in southwest Iran have been announced and Oil Industries' Commissioning and Operation Company will take on the project, the company's…
Gasoline consumption in the second calendar month that ended on May 21 reached an average of 84.7 million liters per day, data released by the National Iranian Oil Products Distribution Company…
Iran's LPG shipments lifted or due for lifting in May fell almost 100,000 tons from April to 400,700 tons, after rising for the past two months, as some refineries in the country were shut for…
BP has stopped work on Rhum Gas Field in the North Sea, which it shares with the National Iranian Oil Company and holds a 50% stake. The company cited the reintroduction of US…
Oil prices eased on Wednesday as the possibility of higher OPEC output weighed on the market, although geopolitical risks are expected to keep prices near multi-year highs.
Brent futures…
