Fitch Ratings says Shell, Total and British Petroleum are adjusting their operations to match the realities of an under-$60-barrel price in the long run, according to a new report by Forbes.…
Energy
Since 1990, the production of “green” electricity in Germany has increased by 1,000% and export rates, according to preliminary data for 2017, just smashed another record.
Liquefied petroleum gas shipments from Iran made a strong start to the year, rebounding to 520,000 metric tons, an equivalent of 444,000 barrels, in January, the highest since international…
In line with plans to raise crude output by developing shared reservoirs with Iraq, an agreement to install skid mounted modular mini refining units to process 50,000 barrels per day in South…
Iran's annual petrochemical revenue has averaged $20 billion in the last five years, Oil Minister Bijan Namdar Zanganeh said.
“To increase non-oil exports, we should raise petrochemical…
Iran's natural gas export to Iraq is set to reach 50 million cubic meters per day in the next fiscal year (starting March 21), the managing director of state-run National Iranian Gas Company…
The US solar industry lost nearly 10,000 jobs last year, led by steep losses in mature markets like California and Massachusetts where installation growth has slowed, according to a new report…
Saudi Arabian Oil Company and Malaysia’s state-owned oil firm are close to raising an $8 billion loan to partly finance the construction of a planned refinery and a petrochemical complex in the…
A new monthly record on oil tanker traffic in South Pars in Asalouyeh, Bushehr Province, has been registered, which shows a sharp rise in the volume of gas condensate trade.
The Iranian Oil Pipeline and Telecommunications Company is ready to transfer crude oil from Iraq's Kirkuk to the Persian Gulf region, the company's managing director said.
Pars Petro Zagros Engineering and Services Company has signed a memorandum of understanding with the National Iranian Oil Company to conduct studies on an onshore oilfield in Khuzestan Province…
In lines with efforts to boost output in Karoun Oil and Gas Production Company, operations to drill a series of developmental and repair wells have been completed successfully in the last 10…
BP’s profits more than doubled in 2017 to $6.2 billion due to a large increase in oil and gas production, as the company resumed share buybacks in a sign it had left a three-year downturn behind…
Oil and Natural Gas Corp. is facing a delay of at least a year in starting production from its biggest project, according to people with knowledge of the matter.
Reducing electricity wastage in the national power grid and promoting prudent consumption can help tackle the country's occasional power shortage, a deputy at Iran Power Generation, Distribution…
Exporting natural gas to Europe is more lucrative than selling it to neighboring states, yet measures need to be taken to tackle its potential challenges.
Hamidreza Araqi, managing…
Gas processing facilities of Hengam oil and gas field on Qeshm Island in the Persian Gulf are planned to come on stream in the near future, the managing director of Iranian Offshore Oil Company…
Iran's oil price staged the third highest surge among international benchmark crudes in the week to Jan. 26, following the US West Texas Intermediate and Brent.
China’s Sinopec said it received on Tuesday the first cargo of liquefied natural gas delivered to its Tianjin LNG terminal in the north of the country.
Quality control tests conducted on gasoline distributed in 17 major Iranian cities indicate a considerable improvement in the fuel's quality, the director of Iran Standard and Quality Inspection…
China’s natural gas production is rising at the fastest pace in four years, but that will not be sufficient to meet the demand for the fuel unleashed through a government program to raise gas…
The liquefied natural gas market is growing every year, but the terminals that ship and receive the fuel are shrinking.
The booming sector’s next-generation infrastructure is being…
Oil fell for a second day on Monday, nearing its lowest in a month, as rising US output and a weaker physical market added to the pressure from a widespread decline across equities and…
Iran needs over $40 billion in investment to prevent natural gas pressure from dipping in the giant South Pars Gas Field in the Persian Gulf by 2023, Oil Minister Bijan Namdar Zanganeh announced…
Iran has outpaced Iraq's crude extraction rate from the shared West Karoun block in the southern Khuzestan Province, the chief executive officer of Iran's Petroleum Engineering and Development…
