A pipeline in the western Canadian province of Saskatchewan has leaked 200,000 liters (around 1,250 barrels) of oil in an aboriginal community, the provincial government said.
Energy
OPEC and other oil producers are likely to comply fully with a deal to reduce supply, bringing global crude markets into balance early this year, Kuwaiti Oil Minister Essam al-Marzouq said.
Oil prices were steady on Tuesday as news of lower production by OPEC and other key exporters was balanced by reports of more drilling and higher output in the United States.
Benchmark…
Germany must carry on with legislation aimed at capping energy costs and ironing out inefficiencies in its renewable energy expansion, Economy Minister Sigmar Gabriel told an energy industry…
The robot on an oil drillship in the Gulf of Mexico made it easier for Mark Rodgers to do his job stringing together heavy, dirty pipes. And it eventually cost him his job.
Iraq's oil minister said on Monday that most oil majors working on its territory were participating in oil output reductions agreed as part of the deal between OPEC and non-OPEC producers to help…
Development of two new oil desalting units in Kohgiluyeh-Boyerahmad Province in the southern oil regions will increase Iran’s oil output capacity by 15,000 barrels per day, managing director of…
Several dozen filling stations are planned to be tendered next month, marking the third major bidding for privatizing gas stations in less than six months, said Jafar Sobhani, an advisor to Iran…
The National Iranian Oil Company is keen to finalize high-priority oil and gas deals by the end of the current fiscal year in March, including Phase 11 of South Pars Gas Field and a plan to…
Iran will pay $1.9 billion in compensation to Turkey's state oil and gas company Botas following an international tribunal ruling that Ankara was overcharged for its import of Iranian gas, a top…
Germany's Siemens said on Monday it has received a major order for 12 compressor trains for two onshore gas processing plants in Iran. It said the order volume is "in the high double-digit million…
Russia overtook Saudi Arabia in 2016 to become China's biggest crude oil supplier for the first year ever, customs data showed on Monday, boosted by robust demand from independent Chinese "teapot…
OPEC’s two biggest suppliers to the US shrugged off a vow by President Donald Trump to end dependence on the group’s oil, saying the world’s biggest economy would continue to need crude from…
Oil prices fell 1% on Monday as signs of a strong recovery in US oil drilling activity outweighed news that OPEC and non-OPEC producers were on track to meet output reduction goals set in December…
Prices of energy carriers in the next Iranian fiscal year (March 2017-18) will not increase, said Mohammad Mehdi Mofateh, spokesperson for the Majlis Planning and Budget Commission.
Karoun Petrochemical Company (KRNPC) has ramped up production of methylene diphenyl diisocyanate (MDI), a key petrochemical product, following the launch of its second major production unit,…
The national gas company is interested in a joint venture with Russia to develop the 9th Iran Gas Trunkline (IGAT-9), managing director of National Iranian Gas Company (NIGC) said on Monday.
Russian oil major Rosneft plans to invest around 1.1 trillion roubles ($18.50 billion) in 2017 and 1.3 trillion roubles in 2018, Igor Sechin, the company's chief executive officer said. Sechin…
Russia and Kuwait have opened talks on the possible construction of a nuclear power plant (NPP) as well as cooperation in the spheres of petroleum services and gas, Russian Energy Minister…
Explorers in the world’s fastest-growing oil market are seeking lower taxes on crude produced domestically to encourage fresh drilling as India tries to reduce its dependence on energy imports.
Energy ministers from OPEC and non-OPEC countries meeting in Vienna on Sunday have struck a positive note regarding their agreement to cut oil output as a committee set to monitor compliance with…
Representatives of several integrated oil and gas companies from East Asia were briefed on the new model of Iran's oil contracts in Tehran last week, the Oil Ministry's news service Shana…
The delayed Dehloran gas refinery (NGL 3100) project has recently gained momentum as the much-needed funding has been made available, the Oil Industries, Engineering and Construction Company's (…
Iran is maintaining crude oil production within the framework of a global pact reached last year to cut supplies to ease the bloated oil inventories and lift sagging prices, a deputy at the…
The Kurdistan Regional Government in Iraq is close to resuming regular monthly payments to international oil companies as the rally in crude prices replenishes the region’s depleted treasury,…
