French oil major Total plans to make a final investment decision on a $2 billion gas project in Iran by the summer, but the decision hinges on the renewal of US sanctions waivers, the company's…
Energy
A delegation of executives from Indonesia's state-owned oil and natural gas company Pertamina is scheduled to meet with representatives of the National Iranian Oil Company in Tehran on Saturday to…
Construction work on the third power transmission line between Iran and Armenia is underway. The line will boost electricity exchange between the two countries by four times to around 1,200…
The global oil market is on track to be “relatively balanced” this year and next, according to the Energy Information Administration’s Short-Term Energy Outlook Report released Tuesday. That is…
OPEC and other major crude-producing nations may need to extend output cuts into the second half of the year to re-balance the market, oil ministers for Iran and fellow group member Qatar said.
Higher oil and gas prices should bring bigger energy mergers and acquisitions as 2017 stretches out, according to a new report, including pipeline consolidations and big deals among oil explorers…
With oil prices keeping steady above $50 a barrel, compliance with last year's historic deal between OPEC and non-OPEC members to decrease crude production level so far is acceptable.
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Private Iranian companies are allowed by law to import gasoline, a top energy official said on Tuesday, indicating that the government is in the process of gradually reducing its monopoly on fuel…
Malaysia's BIV signed a memorandum of understanding on Wednesday to study Iran's Golshan and Ferdowsi gas fields in the Persian Gulf.
Iranian petrochemical plants produced 42 million tons of products in the first 10 months of the current fiscal year that ends in March, National Petrochemical Company said in a report. During the…
Current oil prices are close to the level Qatar needs to finance spending, and the government has not made a decision on whether to sell debt, according to Finance Minister Ali al-Emadi.
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The oil-trading boom that cushioned the profits of Royal Dutch Shell Plc and BP Plc through the price slump of 2015 and early 2016 is over.
Norway's integrated oil and gas company Statoil plunged to an unexpected loss in the fourth quarter of last year, as it cut its long-term assumptions for the price of oil and took a $2.3 billion…
Takht-e-Jamshid Petrochemical Complex as well as the second phase of Karoun Petrochemical Company (KRNPC) was officially inaugurated on Monday in Mahshahr Special Petrochemical Economic Zone in…
Tehran and Muscat on Tuesday signed a preliminary agreement for a major offshore pipeline project to supply Iranian natural gas to Oman, with top European and Asian companies reportedly in line to…
The gas units of two combined-cycle power plants (CCPP) in the southern Khuzestan Province came on stream Tuesday in a ceremony attended by Vice President Es'haq Jahangiri.
Solar jobs in America increased at a "historic" pace in 2016 on "unprecedented" consumer demand as the cost of solar panels declined, according to The Solar Foundation's National Solar Jobs Census…
Money managers are the most bullish ever on West Texas Intermediate crude for a second week as signs show OPEC and other nations are slashing production.
The group cut supply by 840,…
Saudi Arabian Oil Co., the world’s largest oil producer, picked four banks to advise on its first bond sale, two people familiar with the matter said, ahead of the world’s largest initial public…
A gas pipeline ruptured in the southeastern Sistan-Baluchistan Province on Monday, killing two pipeline workers, the spokesperson for the National Iranian Gas Company said. Mohammad Boujarzadeh…
Iran and Oman are poised to start a fresh round of talks on energy cooperation during Omani Oil Minister Mohammed bin Hamad al-Rumhi's visit to Tehran on Tuesday. A proposed joint sub-sea gas…
On the verge of the first international tender to develop Iran's oil and gas fields, Amirhossein Zamaninia, deputy oil minister for international affairs, said that Tehran has imposed no…
Two wastewater treatment plants in Tehran Province were launched by Energy Minister Hamid Chitchian on Monday.
Approximately 10 kilometers northeast of the capital, Lavasan plant has the…
Oil steadied close to $57 barrel on Monday as rising tensions between the United States and Iran and OPEC supply cuts were countered by ample inventories and signs that higher prices will revive…
Saudi Arabia, the world’s largest crude exporter, raised pricing for March sales to buyers from the US to Asia as output cuts by OPEC and other producers shore up oil prices.
