The White House followed up on a warning issued last week and imposed new sanctions on Iran Friday, but the oil markets showed little reaction to the move on one of the world’s largest crude…
Energy
US crude exports are poised to surpass production in four OPEC nations in 2017 and may grow even more if President Donald Trump honors pledges to ease drilling restrictions and maximize output.…
An estimated $8.5 billion in projects are underway to expand the natural gas network for small towns and villages in remote areas in the southern regions, said a top advisor to the oil minister.…
Iran is offering attractive investment opportunities in its energy sector that are appealing to Czech and Slovak companies, the chairman of Czech-Slovak-Iranian Chamber of Commerce said in Tehran…
Iraq’s southern crude oil exports dropped in January from a record high a month before as the country implements output cuts agreed by OPEC and other major producers to curb the global glut.
The National Iranian Oil Company is compiling a list of domestic companies that can operate as part of future oil and gas development projects, Ali Kardor, the NIOC chief, said at the weekend.
Japanese companies are planning to develop about 45 additional coal power plants in the next decade, as the country gradually ramps up its nuclear power generation following the Fukushima…
China's installed photovoltaic (PV) capacity more than doubled last year, turning the country into the world's biggest producer of solar energy by capacity, the National Energy Administration (NEA…
Energy Minister Hamid Chitchian on Saturday launched two 7 megawatt solar power plants in Hamedan Province, 330 kilometers west of Tehran.
"The renewable industry in Iran is among the…
OPEC cut output by 840,000 barrels a day last month, but has more work to do to fully comply with last year’s historic production deal.
The Organization of Petroleum Exporting Countries…
The chief executive of Phillips 66 said on Friday he expects the controversial Dakota Access Pipeline to start operations in the second quarter, even though the project - which has sparked…
Despite the enforcement of new US sanctions against Iranian individuals and entities, negotiations are underway with major European firms from France and Germany on developing the key…
The lifting of international sanctions last year has allowed Iran to receive billions of dollars in blocked oil revenues, but the country has yet to collect €4.5 billion ($4.85 billion) for the…
Oil prices edged higher on Friday in response to the possibility of new sanctions on Iran after US President Donald Trump said “nothing is off the table” in dealing with the country after its test…
Despite a recent OPEC agreement to cut oil production and boost prices, it is unrealistic to expect that the commodity will reach $65 a barrel in the near term, an analyst at the Paris-based…
Costly delays, growing complexity and new safety requirements in the wake of the triple meltdown at Fukushima are conspiring to thwart a new age of nuclear reactor construction.
As part of its strategy to further cut costs and reduce debt, Texas-based oilfield services company Weatherford International said on Thursday that it had launched another head count reduction…
Iraq's senior envoy in Tehran on Thursday expressed confidence that the two countries will soon sign an agreement to resume the export of Iranian electricity to the Arab state after supplies were…
A flood of light crude oil set to arrive in Asia will likely push prices for regional grades lower, crimping revenues and potentially creating a supply surplus since local refiners are ill-…
Pasargad Energy Development Company (PEDC) has signed a memorandum of understanding and a non-disclosure agreement with the National Iranian Oil Company to study three oilfields in the southern…
Patrick Pouyanne, the chief executive officer of Total S.A. said on Thursday the French energy major is not worried about its gas deal with Iran amid reports that Total has resumed operations in…
India plans to form a giant national oil company by combining other state-owned firms, finance minister Arun Jaitley said on Wednesday, as New Delhi wants to expand its foreign presence to meet…
US President Donald Trump’s energy policies are good for the petroleum industry and Saudi Arabia sees no problem with growth in US oil production as long as it is in line with demand, Saudi Energy…
Crude prices may have stabilized, but it is still not a great time to be Big Oil.
South Azadegan Oilfield output will exceed 80,000 barrels per day by the end of the current fiscal year in March, deputy director of Iran’s Petroleum Engineering and Development Company (PEDEC)…
