Energy

The 9th South Pars Refinery, the largest processing facility of South Pars Gas Field in the city of Asalouyeh, Bushehr Province, processed over 10.7 billion cubic meters of natural gas in the…

The National Iranian South Oil Company is appraising the proposals of foreign and domestic oil firms for developing four oilfields in the southern oil-rich province of Khuzestan, the company's…

Russian oil major Rosneft said on Saturday it was looking to expand cooperation with Cuba and Chief Executive Igor Sechin had discussed the issue with a visiting delegation that included Cuba’s…

Hurricane Nate had curtailed 92% of US Gulf of Mexico oil output and up to 3% of refining capacity on Saturday, as it sped toward energy facilities in the central US Gulf Coast that largely were…

Saudi Aramco launched a new Indian venture near New Delhi, a government statement said on Sunday, as the global oil exporter looks to tap rising demand and invest in the world's third-biggest…

The Iranian Central Oil Fields Company is drafting an investment package for oil and gas projects estimated to value over $5 billion, deputy for planning at ICOFC said.

"Around $5.5…

Tesla Chief Executive Elon Musk said he will speak to Puerto Rico's governor about helping get the hurricane-hit island's power grid back on stream. Last week, Musk tweeted that his company has…

Russia and Saudi Arabia have each earned $40 billion from the 2016 deal between OPEC and non-OPEC countries to cut oil output, the CEO of the Russian Direct Investment Fund said.

Iran's petrochemical production in the first six months of the current fiscal year increased by 5% compared to the same period of last year, as the country continues to shore up exports by…

Oil futures fell more than 2% on Friday, ending Brent crude’s longest multi-week rally in 16 months as oversupply concerns reappeared as producers have started hedging future drilling. Brent…

At least 30% of Iran's water and wastewater infrastructure, including a dilapidated supply network that is a major source of water loss due to leakages, require repairs, the caretaker energy…

Russia’s biggest oil producer, state-controlled Rosneft, is aiming to almost double its crude oil exports to China through Kazakhstan, Reuters reported on Friday, citing three industry sources,…

As Tropical Storm Nate continued on its course toward the Gulf of Mexico on Friday, energy companies shut down offshore oil and gas platforms, while Louisiana braced for a potential hurricane.…

The German government wants carmakers to make mechanical modifications to engine and exhaust systems of some models, Der Spiegel reported on Saturday. The new government position was agreed by…

Iran's crude oil reached $57 a barrel in the week to Sept. 29, crossing a new price milestone in the year, as the export of crude and condensates surpassed 2.6 million barrels per day last month…

Oil consumption could take a major hit in the coming years as a growing number of countries take steps to yank the internal combustion engine from their streets, Barclays analysts forecast.

A consortium of Iranian and Chinese companies will implement the first phase of an extensive national plan to refurbish Iran’s aging electrical infrastructure, including the reconditioning of…

What is 47 billion barrels in oil and gas really worth in an age where renewable sources are increasingly filling the world’s energy needs?

In line with efforts to complete the development project of South Pars Phase 13, loading operations for the field's tripod for flare stack 'D' to be transferred and installed in the Persian Gulf…

Saudi Arabia made no firm pledge on Thursday to extend a deal agreed by OPEC, Russia and other producers on cutting supplies but said it was “flexible” regarding Moscow’s suggestion to prolong…

Virginia Governor Terry McAuliffe has announced that Facebook is set to invest over $1 billion in the US state. The tech giant will invest $750 million to construct a data center of over 9,000…

Denmark's major offshore explorer Maersk Oil is in a strong position to win a contract to produce ultra-light crude from Iran's South Pars gas field and its recent acquisition by France's Total…

Nearly a year into the production-cut deal that brought together major OPEC and non-OPEC oil producers, Oil Minister Bijan Namdar Zanganeh said there was no pressure on Iran to join the cuts.

New solar photovoltaic capacity increased by 50% in 2016, according to a renewables market analysis and forecast from the International Energy Agency.

Russian President Vladimir Putin said Moscow is open to extending a deal with OPEC to curb oil supplies to the end of 2018, though he will wait to make a decision near the expiry of the current…