Saudi Arabia, the world’s largest crude exporter, cut pricing for November oil sales to Asia and Northwest Europe and for most grades to other regions amid a global supply glut.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
For decades, jobs at Venezuela's state-run oil giant PDVSA were coveted for above average salaries, generous benefits and cheap credit that brought home ownership and vacationing abroad within…
Russia's second-biggest oil producer, Lukoil, is in talks with Iran's oil officials to build an oil refinery in the country, head of the Syndicate of Gas Station Owners said. "The Russian giant…
Tehran Wastewater Company has signed a contract, worth €125 million ($140 million), with Turkey's industrial and construction contractor Kuzu Group on building a wastewater treatment plant in…
The government has expanded the list of domestic companies for work in dozens of oil and gas projects as it gears up for its first international tender under a new model of oil and gas…
Iran’s top renewable energy authority denied that it has signed any agreement covering electricity generation projects with a Swiss developer that has said it obtained power-purchase agreements…
South Pars Platform 19A, installed in July, is ready to go on stream by the end of October, contractor of the South Pars Phase 19 said on Wednesday.
"After the platform is launched, 14…
Oil prices hit multi-month highs on Tuesday despite Iran and Libya continuing to increase production, overshadowing an OPEC agreement struck last week to freeze output levels in a bid to stem a…
President Hassan Rouhani told his Venezuelan counterpart Nicolas Maduro in a phone call that it is essential for oil producing countries to take a decision to raise prices and stabilize the…
BP has shut down its Clair platform in the North Sea after an oil leak Sunday, the company said in an email. The leak was caused by a technical issue on the remote platform, which is 75 kilometers…
Indian Oil Corp. is scaling up an expansion plan for its biggest refinery in northern India at a cost of $2.3 billion, as it races to meet demand in one of the world’s fastest-growing crude…
President Hassan Rouhani has signaled the end of electronic fuel cards, government spokesman said on Tuesday, drawing to a close a disputed system introduced nearly a decade ago by former…
The National Iranian Oil Company on Tuesday signed a heads of agreement (HOA) with Persia Oil and Gas Industry Development Co. on developing three oilfields under the Iran Petroleum Contract—the…
Energy Minister Hamid Chitchian called on German companies to participate in Iran's power plant and renewable projects, expressing concern over the banking constraints between the two countries.…
Oil rose to its highest since August above $50 a barrel on Monday, supported by a planned production cut by OPEC, although analysts cautioned the stubbornness of the existing supply overhang could…
Caracas hopes that the global oil market will stabilize in the range of $50-60 per barrel, Russia's ambassador to Venezuela told Sputnik. Venezuela considers global oil prices of up to $60 per…
Iran has sold its first cargo of gas condensate and crude oil to British companies, director for international affairs at the National Iranian Oil Company said on Monday.
"A cargo of one…
Iran is planning to cut down on harmful emissions and cap fuel consumption by expanding its rail network, Oil Minister Bijan Namdar Zanganeh said.
National Iranian Gas Company is discussing gas swap deals with neighboring countries as Iran continues to assert itself in the global gas market.
"Plans call for signing new natural gas…
Iran's total crude oil and condensates sales likely reached around 2.8 million barrels per day in September, two sources with knowledge of the matter said, nearly matching a 2011 peak in shipments…
Workers at three onshore plants serving Norway's oil and gas industry will strike from October 7 unless they get a new wage deal, a labor union said on Monday, potentially threatening Britain's…
Russian oil output jumped by almost 4% in September from the previous month to 11.11
million barrels per day, a new post-Soviet record-high, as companies ramped up drilling amid improved…
Iran's top energy official has warned that should Tehran fail to meet its obligations under the Paris Agreement on Climate Change, it will have to deal with sanctions "far more serious" than the…
Iraq's oil exports from its southern ports rose to an average of 3.245 million barrels per day in September, from 3.230 million in August, the oil ministry said on Saturday.
Integrated oil majors like ExxonMobil, Chevron and Shell once dominated the standings of the world’s leading energy companies, with assets, revenue and earnings far outpacing just about everyone…
