Energy

Big Oil is starting to beat the crude-market slump, as the industry rediscovers how to make money at lower prices.

Exxon Mobil Corp. and Royal Dutch Shell Plc are forecast to more than…

By employing offshore and onshore rigs, the National Iranian Drilling Company has drilled over 96,000 meters of oil and gas wells nationwide since the beginning of the current fiscal year in March…

Three major power plant projects with a combined output capacity of over 1,400 megawatts are slated for launch in the western Kermanshah Province, the energy minister said.

In line with efforts to attract much-needed foreign funds to develop untapped hydrocarbon deposits in the Caspian Sea, Khazar Exploration and Production Company (KEPCO) has established an…

The launch of a gas pipeline stretching from the city of Damghan in Semnan Province to Neka in Mazandaran Province next week will end the country’s need for gas imports from Turkmenistan, managing…

Researchers in the US are designing and looking to develop 50-megawatt wind turbines with "extreme-scale blades" 200 meters in length.

To put things in perspective, if built, they will be…

New figures show that wind produced enough power to meet, on average, the electrical needs of 124% of Scottish homes between January and June of this year. The first six months of 2017 saw…

OPEC may need to consider extending its oil-cuts agreement when the group meets in November, as crude markets are taking too long to recover, UAE Energy Minister Suhail al-Mazrouei said.

Iran’s largest solar panel manufacturing company is under construction in Shiraz, the provincial capital of Fars, an official at Fars Regional Electricity Company said.

“The plant’s first…

In lines with policies to monitor and reduce air pollution in the fossil fuel industry, plans are in place to equip all petrochemical plants in Iran with online pollution control systems, director…

Leading investment bank Credit Suisse believes crude oil will not exceed $60 per barrel before 2020, contrary to estimates by several market analysts.

The bank dropped on Monday its long-…

Oil prices extended gains on Tuesday after Saudi Arabia pledged to curb exports from next month and OPEC called on several members to boost compliance with output cuts to help rein in oversupply…

Tehran has opened talks with Russia and several other countries on developing Farzad-B Gas Field in the Persian Gulf, a parliamentarian said, indicating that there will be no backdoor deal with…

Global oil demand could peak as early as 2024 if there are more efficiency gains in vehicles, greater market penetration by electric cars, lower economic growth and higher fuel prices, Goldman…

The world's largest oilfield services company said its revenue is continuing to grow in North American shale and even internationally, as the industry slowly creeps toward a rebound.

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An international petrochemical conference is scheduled to be held in Tehran on November 26-27, bringing together some of the world's biggest companies to learn about opportunities in Iran's…

Royal Dutch Shell has opened negotiations to sell Iranian jet fuel in international markets, chief executive officer of the National Iranian Oil Products Distribution Company said.

"Shell…

Italy's Saipem is likely to get a subcontractor role in a new project to produce liquefied natural gas in the Arctic by Russia's Novatek, one of Novatek's partners said.

The South Zagros Oil and Gas Production Company is planning to produce a total of 66 billion cubic meters of natural gas in the fiscal 2017-18 that ends in March, almost 6% higher than last year's…

Oil rallied on Monday, erasing early losses after leading OPEC producer Saudi Arabia pledged to cut its exports to help speed up the rebalancing of global supply and demand.

Saudi Energy…

Gas production from an offshore Iranian project in the Persian Gulf, which is being developed by France’s Total and its partners, will commence in early 2021, Oil Minister Bijan Namdar Zanganeh…

A rebalancing of oil market is progressing more slowly than expected, but it will speed up in the second half of the year, OPEC Secretary-General Mohammad Barkindo said on Sunday.

Saudi Arabia seems to be finally doing what it takes to reduce the world's most visible oil glut: the one in the US. But, its renewed vigor comes as OPEC's deal to reduce excess crude stockpiles…

Despite the rise in domestic gasoline consumption in the last few weeks, the government has no plans to introduce quotas or raise gasoline prices, managing director of the National Iranian Oil…

A highly-anticipated meeting of oil ministers from the Organization of Petroleum Exporting Countries and some non-OPEC producers on Monday could make or break oil prices that have already tumbled…