Oil prices on Friday dipped away from some of their highest levels since 2015, weighed down by rising US output and the expected January re-opening of the Forties pipeline in the North Sea.
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iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Negotiations to develop two oilfields in the southern Khuzestan Province, namely Shadegan and Karanj, will be finalized by the end of the current fiscal that ends in March 2018, the National…
An earthquake whose tremors were felt in Tehran and surrounding areas late on Wednesday drove up gasoline consumption as people rushed to open spaces and inside their cars for safety.
OPEC and Russia will exit from oil production cuts very smoothly, possibly extending the curbs in some form so as not to create any new surplus in the market, the Russian energy minister told…
Saudi Arabia will initiate talks with the US administration within a few weeks about the participation of US nuclear energy companies in the kingdom’s first civilian nuclear energy project.
China is set to open its first solar highway that can generate electricity from sunlight.
The two-kilometer-long stretch of highway, situated in Jinan, could charge electric cars as they…
The French legislature passed a law prohibiting all oil and gas exploration and production within its borders and territories by the year 2040—right around when oil is expected to reach peak…
Eni SpA and Royal Dutch Shell Plc and senior executives will face trial over a $1.1 billion bribery scandal in Nigeria, an Italian judge ruled on Wednesday.
"The trial will start on…
Oil prices inched up on Wednesday, supported by expectations of a fall in US crude inventories and by the ongoing outage of the North Sea Forties pipeline system.
Surveying the ocean floor for oil and natural gas reserves is gradually emerging from a multi-year slump, everywhere apart from Asia.
Although Asia is the world’s biggest consumer of oil…
Local oil and gas producers look to acquire the rights to develop two oilfields in the southern Khuzestan Province, despite facing competition from foreign energy rivals.
London-based Serica Energy that recently acquired a stake in Rhum Gas Field, co-owned by Iran, is willing to invest in Iran's lucrative oil market upon the completion of the Rhum project.
…
An Australian rail company has restored a disused train to be 100% powered by solar energy- a world first for the transportation sector.
French tycoon Dominique Louis is doubling down on atomic power, betting that global warming will foster a nuclear renaissance.
Three offshore oil workers filed a lawsuit against units of Royal Dutch Shell and Enbridge, seeking $1 million in damages for injuries they allegedly suffered during a Nov. 8 fire on a US Gulf…
Gazprom Neft, the oil division of Russian gas major Gazprom, presented its development plan for Iran's Azar and Changuleh oilfields on Monday.
The presentation took place in a meeting in…
Iran's milestone gas deal with French energy giant Total is expected to take a leap forward by March next year, as Tehran is speeding up efforts to award the project's subcontracts.
Italy's Techint Engineering and Construction signed an agreement with Ardabil Petrochemical Company to provide the technical know-how for the construction of a 500,000-ton petrochemical unit in…
The Iraqi government announced plans to use drones to monitor and protect its export and production pipelines in the first quarter of next year.
Reuters reported on Monday that Oil…
Oil edged up towards $64 a barrel on Tuesday, supported by the Forties pipeline outage in the North Sea, OPEC-led supply cuts and expectations that US crude inventories fell for a fifth week.…
Iran plans to expand its network of gas pipelines from 36,000 kilometers to 45,000 kilometers in eight years, the managing director of National Iranian Gas Transmission Company said.
The National Iranian South Oil Company has devised plans to expand 27 hydrocarbon reservoirs in the oil-rich Khuzestan Province by raising $4.3 billion in finances, the planning manager of NISOC…
Iranians used an average of 79.7 million liters per day of gasoline between Nov. 22 and Dec. 16, up 8% compared with the corresponding period of last fiscal year. The country also burned 80.9…
Oil futures moved higher on Monday as upbeat sentiment about economic prospects in Asia and Europe outweighed concerns over higher US rig count, although a stronger dollar pressured prices.
Global coal demand will be subdued over the next five years, growing at just 0.5% a year, marginally higher than current levels, due to lower consumption in China, the International Energy…
