Oil prices fell on Tuesday, pressured by concerns that production cuts by the world's big exporters may not be enough to drain a global glut that has depressed the market for almost three years.…
Energy
New global solar capacity will continue to grow this year, after lower costs drove it to record levels in 2016, and could surpass 80 gigawatts, Europe's solar industry forecast on Tuesday.
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A major oil terminal is being built in the port of Jask in the southern Hormozgan Province which will have the capacity to store up to 30 million barrels and export 1 million barrels per day of…
Domestic companies manufacture 80% of equipment needed by the oil and gas industry, the managing director of the National Iranian South Oil Company (NISOC) said.
Bijan Alipour made the…
Japan's largest upstream company, Inpex, will consider bidding to develop the Azadegan oilfield in Iran when the tender is finally issued, a company spokesman said Tuesday.
Gasoline consumption in the calendar month that ended on May 21 reached a total of 2.42 billion liters, or more than 78 million liters per day on average.
According to Mehr News Agency,…
Austrian integrated oil and gas company, OMV, is expected to secure the development rights for an oilfield in the southern Khuzestan Province.
Russia is pressing ahead with its biggest-ever auction for renewable energy, seeking to award contracts to purchase 1.9 gigawatts of clean electricity as well as attracting foreign investment to…
Oil prices fell on Monday, weighed down by gloomy economic prospects in Europe and Asia and a related strengthening in the US dollar, which makes fuel imports for countries using other currencies…
Following four weeks of growing pessimism, bets on rising West Texas Intermediate prices jumped the most this year just as Saudi Arabia and Russia were mustering support for the deal they struck…
Maintaining steady supply of electricity during the peak hours costs the power industry roughly $7 billion annually, said Hossein Sabouri, the chief executive officer of Tehran Province…
Azerbaijan oil officials have expressed interest in collaborating with Khazar Exploration and Production Company (KEPCO) to develop Sardar-e-Jangal gas field in the Caspian Sea off Gilan…
PNOC EC, the exploration arm of the Philippine National Oil Company (PNOC), has teamed up with Iran's state oil company, NIOC, to explore the prospect of oil and gas investments in Iran and the…
In line with policies to curb the flaring of natural gas in refineries, shutting down all flaring torches at the second South Pars Refinery in the city of Asalouyeh, Bushehr Province within two…
Plans call for laying 1,000 kilometers of oil pipeline from the city of Genaveh in the southern Bushehr Province to the port of Jask in Hormozgan Province to transform Jask into a major oil…
Tehran Province Water and Wastewater Company is fully prepared to meet the rising demand for water in peak hours in the fasting month of Ramadan that started on Saturday in several Muslim…
Had OPEC producers not compartmentalized political disagreements from economic issues, they would not have succeeded in extending the oil production cut deal for nine more months to battle the…
Tehran will host in 2020 the 'International Gas Union Research Conference', a major international gathering in the natural gas industry focused on research, development and innovation.
The rapid expansions of regional rival Saudi Arabia in the petrochemical sector is a real challenge that is emerging as a "hazard" to Iran's market share, says Marzieh Shahdaei, head of the…
It was about time big data entered the lives of Big Oil. Yet it is not happening exactly as expected. Oil companies are not making a mad dash to collect and process unstructured data in order to…
South Pars Gas Field's phases 2 and 3 produced 21 billion cubic meters of natural gas, worth $4.2 billion, in the previous fiscal that ended in March, the head of South Pars' 2nd Refinery said.
As OPEC ministers gathered in Vienna Thursday to agree a nine-month extension of their oil-supply pact, the man credited with bringing about the landmark deal learned from a news broadcast that he…
Dutch-based Philips Lighting has announced that Dubai Lamp, the world’s most energy efficient light bulb, was widely available across the UAE from Saturday.
The best way to augment the oil industry is to establish good rapport with the international community, says a senior oil official.
Ali Kardor, deputy oil minister and chief executive…
Tehran needs to step up efforts to raise production from joint oil and gas fields and attract foreign investment in the key petroleum industry, said the spokesperson for the Majlis Energy…
