Panid Engineering Co., a private domestic firm based in Tehran, has reportedly reached an agreement with US-based Pall Corporation to build a plant for manufacturing filters for the oil industry,…
Energy
An official at the French industrial conglomerate Groupe NOX said Iran’s nuclear deal with world powers which took effect last year has improved the prospects for financial and trade ties between…
Russia has steeply raised Urals oil supplies to India, taking market share from OPEC countries that are cutting production as part of a global pact to prop up prices, traders said and shipping…
Iranian Gas Engineering and Development Company implemented projects worth $900 million to expand the national gas grid during the previous fiscal year that ended in March, the head of IGEDC said…
The 10 European countries with the highest rates of climate-changing emissions from energy use are spending around €6.3 billion ($6.89 billion) annually on coal subsidies, money that could instead…
The National Iranian Oil Company has approved a roadmap to expand exploration and production in five oil and gas blocks in line with efforts to raise crude and natural gas output.
The plan…
Oil prices rose on Tuesday, but faced headwinds from concern over slowing demand and the rise in US crude output that has shaken investors' faith in the ability of OPEC to rebalance the market.…
United Kingdom's prime minister will introduce a cap on "unfair energy price rises" if she is reelected on June 8, Theresa May said on Monday. "The cap will be set by the energy watchdog Ofgem and…
An executive at Austria's OMV says he is positive about the new model of contracts for Iran's upcoming oil and gas projects, but noted that the oil and gas major needs to learn more about the…
Domestic companies on Tuesday signed two agreements with the National Iranian Oil Company to study crude oil deposits in the south.
The Oil Industries Engineering and Construction Company…
Kuwait will back efforts made to restore balance to the world's oil markets and eliminate a supply surplus, expecting a deal extending production cuts during the coming OPEC and non- OPEC…
Saudi Arabia and Russia signaled they could extend production cuts into 2018, doubling down on an effort to eliminate a supply surplus just as its impact on prices wanes.
The Philippines’ state oil company, PNOC, signed a memorandum of understanding on Monday to study Iran’s Paznan Khami and Darkhoveyn oilfields in southern Khuzestan Province.
Draeger Safety, a leading global provider of medical and safety solutions, is looking to expand its foray in Iran's petroleum industry, a company executive told the Financial Tribune.
Oil prices gave up early gains on Monday, as the market weighed news from OPEC and other producers about prolonging output cuts against data showing the recovery in US drilling had extended for a…
The first crude oil consignment from the oil layer of South Pars, the giant gas field that is shared between Iran and Qatar in the Persian Gulf, has been exported, managing director of the Iranian…
The lifting of international economic sanctions last year helped Iran cut costs for import of essential equipment for the key oil industry.
Named after a Nordic god, 'Thor' is the name of a rig that symbolizes Iceland's efforts to produce powerful clean energy. If successful, the experimental project could produce up to 10 times more…
The National Iranian Oil Company is in the final phase of talks with OMV to sign a contract to sell 40,000 barrels of oil per day to the Austrian oil and gas company, the NIOC chief said.
"…
Malaysian state-owned oil firm Petroliam Nasional Bhd said on Sunday its second floating liquefied natural gas facility will be operational in 2020.
Tehran Refinery signed an agreement with the Petrochemical Commercial Co. (PCC) on Saturday for producing a type of catalyst used in the production of gasoline that complies with Euro-4 emission…
Business magnate Warrant Buffett says he expects coal to decline as a percentage of railroad revenues.
"If you're tied to coal, then you've got problems," Buffet said Saturday at Berkshire…
The largest annual convention in Iran's petroleum industry, known as the Iran Oil Show, opened in Tehran on Saturday.
Conspicuous by their absence are the big names such as BP and Total.…
Japan’s Itochu Corporation signed a deal on Saturday to purchase 11,000 tons of polyethylene per month from the Persian Gulf Petrochemical Industries Company (PGPIC).
Negotiations are underway with Iraq to form a joint technical committee to decide on the development of joint oil fields with the Arab neighbor, managing director of Iranian Central Oil Fields…
