The venture to develop South Pars Gas Field's Phase 2 in the Persian Gulf has gained traction, as its feasibility studies have been completed by an unnamed French company, the chief executive…
Energy
Oil prices dipped on Friday, easing from multi-year highs in the previous session on hopes that alternative supplies could replace a looming drop in Iranian exports because of US sanctions.
The Russian and Iranian sides have signed a supplementary agreement to guarantee the construction project of thermal power plant Sirik in the southern Iranian province of Hormozgan, the Russian…
The National Iranian Drilling Company, a subsidiary of the National Iranian Oil Company, has signed a memorandum of understanding with a consortium of six domestic firms for implementing oil and…
The Global Petro Tech Kish Company is holding talks with unnamed Russian and Chinese companies on project financing, the Iranian company’s managing director said.
“We are currently in…
In line with efforts to fast-track the development of oil and gas fields, Drilling Company International is set to play a key role in the development of five massive hydrocarbon reserves,…
Iranian Oil Minister Bijan Namdar Zanganeh said on Thursday that US President Donald Trump’s decision to quit a multinational nuclear deal would not affect Tehran’s oil exports.
“Trump’s…
China has reassured Tehran that it will continue to import its crude, despite the United States’ withdrawal from the nuclear deal that will now be followed by sanctions targeting the Iranian oil…
UK-based Dunlop Oil & Marine Ltd has signed a memorandum of understanding with Iran Oil Terminals Company, a subsidiary of the National Iranian Oil Company, to cooperate in oil and gas…
The National Iranian Drilling Company, a subsidiary of the National Iranian Oil Company, has signed a memorandum of understanding with the Polish EXALO Drilling SA to cooperate in oil and gas…
Oil prices rose more than 3% on Wednesday, hitting 3-1/2-year highs, after US President Donald Trump abandoned a nuclear deal with Iran and announced the “highest level” of sanctions against the…
West Karoun oilfields in Khuzestan Province will increase its collective oil output by 105,000 barrels a day by the end of the current fiscal year (March 2019), the managing director of…
Germany's Raschig and Iran's Research Institute of Petroleum Industry have signed a memorandum of understanding on gas sweetening towers.
This is while another German major industrial…
Off the coast of Western Australia, a battle between mega giants is unfolding. Combatants involve the world's biggest semi-submersible platform, the longest subsea pipeline in the southern…
The United States will continue its efforts to decrease Iran’s sales of crude oil, the Treasury Department said on Tuesday following the announcement of the unilateral US withdrawal from the…
State-owned National Iranian Oil Company raised the official selling prices for all its crude oil grades loading in June from Kharg Island and bound for Asia, a company source said Wednesday.…
Iraq’s state-run North Oil Company signed an agreement with BP on Monday to triple output from the Kirkuk fields in the north of the country, Oil Minister Jabar al-Luaibi said.
The…
Although the oil market is now in better shape than it was in 2016, there are concerns about the tight spare oil production capacity, Saudi Arabia’s Energy Minister Khalid al-Falih said.
State energy giant Qatar Petroleum will push ahead with its production expansion and foreign asset acquisition strategy to be on par with oil majors, despite a regional political and economic…
Oil prices retreated from 3-1/2 year highs on Tuesday, as investors await an announcement by US President Donald Trump to extend the waiver of sanctions on Iran. US West Texas Intermediate crude…
Preserving the current oil output level and making efforts to boost extraction from the country's massive hydrocarbon reserves top the lucrative oil industry's list of priorities.
About 3.5 million barrels of crude oil have been transferred from the port of Neka in northern Iran to be used in Tehran and Tabriz refineries since the country resumed oil swap on August 3, the…
The National Iranian Oil Company is planning to sign seven agreements on development of oilfields within the framework of Iran Petroleum Contract, the country's new model of contract for oil and…
With global natural gas prices on the rise, international oil and gas exploration companies have rolled up their sleeves, aiming to drill deeper to get more gas and capitalize on the booming…
Siemens said on Monday weakness in the power generation market is forcing it to temporarily shut down its power and gas sites around the world.
Large gas turbines are increasingly…
