Iraq has achieved its share of the production cuts agreed by OPEC and non-OPEC producers at the end of last year but remains ready to meet future oil demand growth, Iraqi Oil Minister Jabar al-…
Energy
BP Plc started a project in the UK North Sea that will restore production halted since 2013 and help double the company’s output in the area by the end of the decade.
The National Iranian Oil Company has received oilfield development proposals from international companies that together target a 3-million-barrel increase in daily crude oil production capacity,…
Swiss voters are set to back the government's plan to provide billions of dollars in subsidies for renewable energy, ban new nuclear plants and help bail out struggling utilities, broadcaster SRG…
Nigeria’s manager-level oil union will continue a strike indefinitely at Exxon Mobil’s local unit following a decision by the American oil major to lay off more than 80 workers, threatening output…
Saudi Arabia's energy minister said on Sunday that extending the current agreement on global oil supply cuts until March next year, and adding one or two small producers to the pact, should be…
The National Iranian Tanker Company is willing to expand cooperation with Indian refiners and help ship their petroleum products to target destinations.
Managing director Sirous…
The Iranian Offshore Oil Company (IOOC) is taking measures to increase production from oilfields in the Persian Gulf whose output took a hit when international sanctions were in place, Hamid…
The government has given license for construction of two solar power plants in the city of Mehriz in Yazd Province, a local official said on Sunday.
Siemens, a global technology powerhouse, said it has achieved a major milestone by completing the extensive service works of the gas turbines at Jebel Ali K-station, Dubai, in a record time of…
All producers agree to extend crude output cuts by nine months to help trim a supply glut, according to Saudi Arabia’s energy minister.
Having supported the development of more than 160 megawatts of renewable energy since 2012, the LEGO Group has achieved its 100% renewable energy target three years ahead of schedule, the Danish…
Iraq has made a $300-million payment to Iran under a power export agreement, according to Azeri news media Trend, quoting Iran’s Deputy Energy Minister Houshang Falahatian. Another $800…
Hamidreza Araqi, managing director of the National Iranian Gas Company (NIGC), has denied speculations that his company is underselling gas to Turkey.
"The so-called discount in gas exports…
South Africa, a net importer of refined oil products, is looking to West Africa and the Middle East, including Iran, for potential partners in a new refinery project, energy ministry officials…
The National Iranian Oil Company is taking steps to tender the second development phase of Yadavaran Oilfield in an oil block known as the West Karoun in Khuzestan Province, according to the chief…
Pars Oil and Gas Company (POGC) is coming up with a scheme to raise gas extraction from the giant South Pars field in the Persian Gulf, the company's chief executive officer said.
Not even an extended OPEC deal may suffice to lift the world’s worst-performing equities this year out of misery.
An OPEC panel reviewing scenarios for next week's policy-setting meeting is looking at the option of deepening and extending an OPEC-led deal to reduce oil output, OPEC sources said on Friday.
It will take a minimum of two years for petrochemical investments to pay off, said an official at the state-run National Petrochemical Company, urging a mid- and long-term vision to develop…
Oil futures rose on Friday to the highest in nearly a month on growing optimism that big producing countries will extend output cuts to curb a persistent glut in crude, with key benchmarks heading…
Germany approved 807 megawatts of capacity at onshore wind parks on Friday, saying the price at which it awarded the projects came below expectations in a sign that competition in the industry…
In line with the declared policy to ramp up oil output from shared oilfields with Iraq in the West Karoun oil block in Khuzestan Province, using modern equipment like mobile oil treaters (MOTs)…
Saudi Arabia's crude oil exports rose by 275,000 barrels per day in March from February, and it built stocks that month despite a fall in crude production, official data showed on Thursday. OPEC's…
A global supply glut in liquefied natural gas will persist for the next two to three years, the CEO of Thailand's state-run oil and gas giant PTT told CNBC. "Globally, we have surplus capacity in…
