In line with policies to expand liquefied natural gas exports, negotiations are underway with European and Asian gas giants to restart incomplete LNG projects, deputy for engineering and…
Energy
Persian Gulf Petrochemical Industries Company and Parsian Oil and Gas Development Company intend to capture carbon dioxide (CO2) emissions in the city of Asalouyeh and use it to produce…
A fire broke out at an oil storage facility in south Tehran in the early hours of Sunday. It was put out within hours.
The fire started after lightning struck an oil storage unit at…
Ireland’s parliament has become the first in the world to vote to divest from fossil fuels, paving the way for a historic ban on government investment in nonrenewable energy.
Chevron Corp. posted its first annual loss since at least 1980 as the world’s biggest oil companies struggle to emerge from the worst collapse in a generation.
Oil supplies from OPEC are plunging this month as the group implements production cuts aimed at erasing a global surplus, according to tanker-tracker Petro-Logistics SA.
The Organization of…
Crude oil production has reached 3.9 million barrels per day and is rising, Oil Minister Bijan Namdar Zanganeh said.
Schlumberger Ltd, the world's leading oilfield services provider, will submit next month a comprehensive proposal to develop three oilfields in southern Khuzestan Province to the National Iranian…
Iran has signed billions of dollars in contracts since the easing of sanctions in January 2016 to develop its electricity generation infrastructure, a top energy official says.
Karoun Petrochemical Company (KRNPC) is expanding exports to South America by sending cargo to Peru and Uruguay, the company's commercial manager said.
Russia estimates Belarusian gas debt to be approximately $550 million, Russian Deputy Prime Minister Arkady Dvorkovich said Saturday. "In our opinion, Belarusian gas debt to Russia stands at about…
Oil prices slipped on Friday, giving up gains from earlier in the day, as market shifted its focus towards production increases in the United States from efforts by OPEC and other producers to…
Royal Dutch Shell is nearing the sale of a large part of its North Sea oil and gas assets to private equity-backed Chrysaor for $3 billion, banking sources said, marking a milestone in its drive…
Surging debt dogged the world’s largest oil companies during the downfall of crude prices. Now, sweeping cost cuts and rising prices have combined to lessen the need to borrow.
Since prices…
Iran, which must pay Turkey $1.9 billion in compensation for overpricing its gas exports to the Eurasian country between 2011 and 2015, will offer discount on future gas supplies to clear the…
Iran's monthly oil exports are set to climb slightly in February, as Indonesia takes its first shipment since sanctions on Tehran were lifted last year, a person with knowledge of Iran's tanker…
Iraq signed a billion-dollar deal on Thursday with US firm General Electric for the construction of two power plants aimed at easing the country's long-running electricity woes, the prime minister…
Energy Minister Hamid Chitchian on Thursday broke ground on a 890 megawatt combined cycle power plant (CCPP) project in Khorramabad, Lorestan Province. The project is in line with government moves…
The National Iranian Tanker Company has signed deals with a growing number of European companies for leasing its oil vessels, says Sirous Kianersi, NITC's managing director.
"We have signed…
The National Iranian Oil Company sold its first cargo of gas condensates from South Pars Phases 20 and 21 to Japan, said the managing director of Iran's Oil Terminal Company (IOTC). “A Japanese…
Oil prices fell on Wednesday after builds in US inventories reinforced expectations that increasing shale output this year would reduce the impact of production cuts by OPEC and other major…
Iran shipped 767,000 barrels per day of crude oil to its European customers last month, inching closer to its pre-sanctions export levels to the continent.
The No. 3 OPEC producer stepped…
Saudi Aramco has shelved plans for a multi-billion-dollar refining and petrochemical joint venture with Petronas in Malaysia, industry sources familiar with the matter told Reuters on Wednesday.…
Tehran is sending the signal that it is open to cooperate with US companies in its key petroleum industry even under the new US President Donald Trump's administration.
Austria's major integrated oil and gas company, OMV, has signed a preliminary agreement with Iran's Dana Energy Co for collaboration in upstream oil and gas exploration/production sector.
