British oil major BP will begin gas production at its north Alexandria concession in early 2017 rather than mid-2017, Egypt's Petroleum Minister Tarek El Molla said at a news conference on…
Energy
Utilities RWE, Vattenfall and Mibrag will start shifting coal-fired power plant capacity to Germany's power reserve at the start of the European winter next year as part of a plan to reduce carbon…
Moscow is ready to compete with the Saudi-dominated Organization of Petroleum Exporting Countries even if it continues to exceed its quota, said Russian Energy Minister Alexander Novak on Friday…
Continued demand growth and falling production should help end a protracted slump in energy prices in 2016, CEO of American integrated oil company Hess said on Thursday.
Brazil's state-run Petroleo Brasileiro SA's board approved selling a minority stake in a natural gas distribution unit to Japan's Mitsui & Co. for $490 million (1.9 billion reais) in a key…
A US investigation of Venezuela’s national oil producer could jeopardize about $8 billion in crude refineries, storage terminals and pipeline networks.
Oil, gas and petrochemical sectors will have the most attractive environments for foreign investment after the removal of sanctions, head of the Tehran Chamber of Commerce, Industries, Mines and…
Iran will lift the curtain on the framework of its multibillion-dollar oil contracts in a conference on November 28-29 in Tehran, according to the chairman of the Oil Contract Revision Committee…
The quality of gasoline distributed nationwide is on par with those of Europe, said the deputy head of National Iranian Oil Refining and Distribution Company.
Russia's Gazprom said on Friday it had signed a memorandum of understanding with Austrian energy group OMV on the supply of oil. The document reflects the intention of the parties to consider the…
Iran's power production capacity will rise by 50,000 megawatts in 10 years, boosting the country's total installed power capacity to more than 120,000 MW, Energy Minister Hamid Chitchian said.
Russia overtook Saudi Arabia to become the biggest seller of crude to China for the second time this year in the race to supply the world’s biggest energy consumer.
More than 45.8 billion cubic meters of natural gas were pumped from South Pars, Iran's biggest gas field in the Persian Gulf region in March-September, managing director of the South Pars Gas…
Iran is preparing to start soliciting bids from international companies for rights to develop its oilfields by the end of March 2016.
China has agreed to invest $9 billion in EDF's Hinkley Point nuclear project, Britain's first new nuclear plant in a generation, in return for help to bring its own nuclear technology to the West…
The export of natural gas from Iran to Armenia is planned to increase in 2017, said Armenia's deputy energy minister.
"The hike in gas import from Iran will allow for boosting electricity…
Sudan has officially applied for membership in the Organization of Petroleum Exporting Countries, the country's oil minister, Mohamed Zayed Awad, said on Tuesday. "We have already submitted an…
Russian Energy Minister Alexander Novak held high-level talks with Iran's telecom and oil ministers on Wednesday during the first day of his visit to the Iranian capital at the head of a high-…
German, Malaysian and English companies have directly or indirectly expressed eagerness to invest in Iran's lucrative oil projects, CEO of Iranian Central Oil Fields Company said.
"We are…
Iran will pay foreign oil companies larger fees than it did under previous buyback contracts to attract $100 billion of investments needed to rebuild its energy industry.
A projected long-term drop in oil prices will drive fiscal reforms in energy-dependent Persian Gulf Arab states and spur public borrowing, Moody’s Investor Service said on Tuesday. The ratings…
As China closes in on the United States as the world's biggest crude oil importer, demand from private refiners and stockpiling of cheap oil are expected to keep imports at…
Vitol, the world's largest oil trader, believes the crude price will struggle to trade above $60 a barrel next year, as the effects of slowing global demand growth could be compounded by a return…
Angola will export around 1.80 million barrels per day of crude oil in December, up from 1.77 million bpd planned in November, a provisional loading schedule showed on Tuesday. Oil majors,…
A major Danish firm expressed readiness to invest in Iran's renewable energy sector.
This was discussed in a meeting attended by Energy Minister Hamid Chitchian, the newly appointed Danish…
