The US drilling rig count fell 43 units to settle at 1,633 rigs working during the week ended Jan. 23, Baker Hughes Inc. reported.
That total is the lowest since Aug. 6…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
More than 51 million cubic meters of sour gas is currently being extracted on a daily basis from the offshore section of the South Pars phase 12, the phase operator announced Saturday.
The…
Part of production from Kish gas field will be pumped into the national gas network next winter, managing director of the Petroleum Engineering and Development Company (PEDEC) said Saturday, Shana…
Renewable Energy Organization of Iran (SUNA) is conducting field assessments in Qeshm, Kharg, and Khor Musa in the Persian Gulf on the region's renewable energy potentials, ILNA reported.
…
A parliamentary committee has put forth a proposal aiming to gradually cut budget dependence on oil revenues during the next five years, Eghtesad News quoted a lawmaker as saying on Friday.…
A Chinese line of credit, estimated at $2 billion, is now opened for four petrochemical projects, managing director of the National Petrochemical Company announced, Tasnim news agency reported…
The oil ministry expropriated Qeshm Airlines, formerly belonging to Babak Zanjani, who was charged and incarcerated for refusing to return the oil ministry's blocked oil revenues, Ali-Akbar…
A total of 105 million cubic meters of sweet gas from the prioritized phases of South Pars gas field (Phases 12, 15, 16, 17, and 18) was pumped into the national gas network over the past 19…
Kuwait will spend $100 billion on oil projects in the next five years to modernize the sector and increase production, the country’s oil minister was quoted by AFP as saying.
China's crude oil imports from Iran jumped by nearly 30 percent last year to their highest average level since 2011, customs data showed on Friday, as Iran's largest oil client boosted shipments…
Gas export capacity will increase by 150 million cubic meters per day (mcm/d) in the next three years, Mehr news agency quoted managing director of the National Iranian Gas Company (NIGC) as…
The Organization of Petroleum Exporting Countries (OPEC) has drawn no red line or limits for the extent the oil prices are projected to fall, and stability will return to the global oil market…
Electricity exports should increase from the current annual amount of 12 billion kilowatt hours, deputy energy minister told Fars news agency on Friday, adding the potentials of Iran's power…
First gas condensate shipment from South Pars gas field's Phases 15 and 16 will be exported in the coming days, the operator of the phases announced Friday.
The operator of the wrecked Fukushima nuclear plant, Tokyo Electric Power Co, would not be able to meet a self-imposed deadline to decontaminate water containing highly radioactive substances by…
Losses from lower oil exports should sap up to $300 billion from economies in the Middle East and Central Asia this year, as countries in the region adjust to falling crude prices, the…
Oil erased gains in New York following the death of King Abdullah of Saudi Arabia as his successor said policies won’t change in the world’s largest crude exporter.
As reported by Bloomberg…
Oman, the biggest Middle Eastern oil producer that’s not a member of OPEC, joined Venezuela and Iran in questioning the group’s decision to keep its output target unchanged even with…
Essar Oil, the top Indian buyer of Iranian crude, imported about 12 percent more oil from Iran in December compared with the previous month, tanker arrival data made available to Reuters shows.
The falling oil price has forced the world's biggest mining company, BHP Billiton, to cut its US shale oil operation by 40%.
It is reducing the number of rigs from 26 to 16 by the end of…
French energy giant Total is expected to abandon its search for oil and gas off Cyprus, the island’s Energy Minister George Lakkotrypis said on Wednesday, AFP reported.
The government is taking new measures to lessen the effects of the continued plunge in oil prices, deputy oil minister said Wednesday, adding that Iran is unperturbed by the recent developments in…
The government's policy regarding the implementation of power projects is to involve private investors, energy minister Hamid Chitchian said at the opening ceremony of second phase of Pareh Sar…
Construction of a continuous catalytic regeneration (CCR) unit at the Tehran Oil Refinery (Tondgouyan Refinery) will commence in March, in a bid to increase the octane rating of gasoline, the…
A series of talks have been held recently with European and Asian companies over signing new oil and gas contracts, a senior official from the oil ministry said Wednesday, denying reports that…
