A corporate bribery trial billed as the biggest in history opened on Monday against the Shell and Eni oil companies as well as former and current executives, all charged in a $1.1 billion…
Energy
Data released by Iran Power Grid Management Company, an Energy Ministry subsidiary, reveals that the country's power consumption peaked at 34,853 megawatts on Sunday. The figure indicates a 13%…
To dominate the regional energy markets, Iran requires a much more dynamic diplomacy, a senior energy security analyst said.
The National Iranian Drilling Company, a subsidiary of the National Iranian Oil Company, has signed a memorandum of understanding with Dana Energy Company to cooperate in oil and gas development…
Energy officials will never sacrifice water quality for the sake of quantity, a top energy official said.
Close to 1.8 billion kilowatt hours of electricity have been generated from renewable sources since June 2009. According to state-owned Renewable Energy and Energy Efficiency Organization, aka…
All commitments on supplies and transit of Russian gas to the European Union are being implemented in full, European Commission spokesperson, Anna-Kaisa Itkonen, told TASS on Saturday.
Climate change is critical to future energy markets but its effect on Chevron oil and gas business will be minimal for decades to come, a company report claimed.
With the prospect of…
The oil and gas industry regulator has raised its forecast of what can be recovered from the waters around the UK over the next three decades. Changes in the way the sector operates are thought…
The application of modern enhanced oil recovery (EOR) and improved oil recovery (IOR) techniques are crucial to help the industry increase its extraction rate, research and technology director…
A delegation from the National Iranian Drilling Company and Iraqi Drilling Company's officials explored grounds for increasing cooperation in oil and gas drilling activities.
According…
Oil Minister Bijan Namdar Zanganeh underlined on Saturday the importance of competitiveness and research in the oil industry’s development.
“With competition and research, products…
Geological studies on Iranian oilfields show the country can boost proven oil reserves by at least 10% in the future, the deputy for engineering and development at the National Iranian Oil…
Oil prices rose on Friday as Wall Street stocks bounced off session lows, but benchmark crude futures posted their first weekly decline in three weeks on fears US plans to impose tariffs on…
Russia’s Gazprom announced on Friday it has been forced to break its contract with Ukraine’s Naftogaz for the supply and transit of natural gas.
The decision concludes a three-year…
France’s oil major Total is boosting its upstream Libyan operations by acquiring the 16.33% stake of the Waha oil concessions held by US Marathon Oil Corporation for $450 million in…
The National Iranian Oil Company is in the final stages of signing three oil deals with the private sector under the terms of Iran Petroleum Contract, NIOC's managing director said.
In line with policies to renovate outdated facilities in oil and gas companies to boost production, National Iranian South Oil Company has reconditioned dilapidated equipment in Masjed Soleyman…
Butane Industrial Group, a major Iranian gas company, signed a memorandum of understanding with Basra Gas Company for the export of liquefied petroleum gas storage tanks to Iraq, the secretary-…
OPEC oil output fell in February to a 10-month low as the UAE joined other Persian Gulf members in over-delivering on a supply reduction pact, a Reuters survey found, pushing compliance with the…
Exxon Mobil Corp., an American oil major, will exit some joint ventures with Rosneft, Russia’s largest oil company, citing western sanctions first imposed in 2014.The move is an about-face for…
US oil prices fell on Friday, taking declines to a fourth day as Asian share markets extended a selloff on Wall Street after news of planned US tariffs on steel and aluminum raised fears of a…
Following in Apple's footsteps, Microsoft has purchased 100% of the renewable output from Sunseap Group's new 60-megawatt solar project and will use it to power datacenter operations in…
Implementing the processing facilities of Hengam oil and gas field on Qeshm Island in the Persian Gulf will help earn $300 million annually, the managing director of Iranian Offshore Oil Company…
In line with efforts to complete the construction of Iran's largest oil refinery in the southern city of Bandar Abbas, Hormozgan Province, the venture will receive fresh impetus as $120 million…
