Vietnam's Daklak Province on Saturday granted licenses and signed memoranda of understanding for the development of several solar power projects worth a combined $3.3 billion.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
More than 1 billion liters of gasoline is stored to meet the demand during the annual Nowrouz holiday season that begins next week, the chief executive of National Iranian Oil Products…
Royal Dutch Shell has bought only three cargoes of Iranian oil since sanctions were eased a year ago, a small fraction of what it used to buy and an indication of the legal difficulties and high…
BP Plc’s shares surged the most this year after a London-based newspaper reported on rumors that Exxon Mobil Corp. sounded out major shareholders over a potential takeover.
While a bid for…
Japan's Chugoku Electric Power Co and JFE Steel may need to rethink plans for a new coal-fired power plant if they cannot present clear measures to address climate change concerns, Japan's…
Expanding the national gas network and replacing oil byproducts as feedstock with natural gas in refineries and power stations have led to an increase in export of petroleum products, the head of…
An official at the National Iranian Oil Company says Iran is no longer concerned with gas export to Pakistan as Islamabad has shown little if any determination to complete the long-delayed Iran-…
Royal Dutch Shell Plc will sell almost all of its production assets in Canada’s oil sands in a $7.25 billion deal that cuts debt and reduces involvement in one of the most environmentally damaging…
Deepwater oil drilling can be expensive, time-consuming and a hard sell to investors. But the world's top energy firms are restarting their search for giant oilfields under the ocean after a two-…
Russian oil firm Gazprom Neft said on Thursday it had launched three new wells at the Badra oilfield in Iraq. The overall oil production rate of the three wells is 23,000 barrels per day, and…
Oil prices recovered a little on Friday after dropping to their lowest in more than three months, pressured by heavy oversupply despite OPEC-led production cuts.
One of the policy priorities of the Oil Ministry is to expand domestic gas infrastructure and plug the gap in natural gas production with neighboring Qatar in the giant South Pars field, says…
Iran can transition to a fully renewable electricity system and financially benefit from it by 2030, according to researchers from Lappeenranta University of Technology (LUT) in Finland.
Senior Saudi energy officials told top independent US oil firms in a closed-door meeting this week that they should not assume OPEC would extend output curbs to offset rising production from US…
BP CEO Bob Dudley said Tuesday he is not counting on oil prices rising much beyond their current levels for years to come.
"We are not planning on an uptick in the prices. We are going to…
South Pars Oil and Gas Company (SPOGC) has curbed the flaring of natural gas at the so-called 3rd South Pars refinery in the city of Asalouyeh, Bushehr Province, by 70% in the present fiscal year…
The government is now supplying Euro-4 quality gasoline to around two dozen cities, but plans are in place to expand retail sale of the high grade fuel to all Iranian cities within three years as…
Russia's Gazprom Neft plans to present a preliminary plan for developing two Iranian oil and gas fields — Changuleh and Cheshmeh Khosh — in April, while the final proposal is…
Five natural gas compressor stations are expected to be inaugurated in Isfahan and Fars Provinces on Thursday by First Vice President Es'haq Jahangiri and Oil Minister Bijan Namdar Zanganeh, the…
French water reservoirs used for hydropower generation are at their lowest levels since March 2003, electricity grid operator RTE said on Tuesday.
Oil futures fell in Asian trade on Wednesday after industry data pointed to a potential ninth straight week of inventory builds, renewing concerns about an oversupply of oil despite output curbs…
OPEC and non-OPEC oil producers, in an impromptu press briefing, reaffirmed their commitment to their production agreement Tuesday and expressed optimism there would be full compliance.
Crude oil exports from Iran reached 3 million barrels a day for the first time since the 1979 Islamic Revolution.
That level, lasting just one day, was reached in the current Iranian month…
Global oil supply may struggle to match demand after 2020, when the pinch of a two-year decline in investment in new production could leave spare capacity at a 14-year low and send prices sharply…
Iran's northern regions straddling the Caspian Sea could emerge as new hotspots for petrochemical production, Oil Minister Bijan Namdar Zanganeh said on Tuesday, signaling the government's…
