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March 04,2018
The application of modern enhanced oil recovery (EOR) and improved oil recovery (IOR) techniques are crucial to help the industry increase its extraction rate, research and technology director of...
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March 04,2018
Oil Minister Bijan Namdar Zanganeh underlined on Saturday the importance of competitiveness and research in the oil industry’s development.
“With competition and research, products should be...
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March 04,2018
All commitments on supplies and transit of Russian gas to the European Union are being implemented in full, European Commission spokesperson, Anna-Kaisa Itkonen, told TASS on Saturday.
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March 04,2018
The oil and gas industry regulator has raised its forecast of what can be recovered from the waters around the UK over the next three decades.
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March 04,2018
A delegation from the National Iranian Drilling Company and Iraqi Drilling Company's officials explored grounds for increasing cooperation in oil and gas drilling activities.
According to NIDC's...
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March 04,2018
Close to 1.8 billion kilowatt hours of electricity have been generated from renewable sources since June 2009. According to state-owned Renewable Energy and Energy Efficiency Organization, aka...
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March 03,2018
Russia’s Gazprom announced on Friday it has been forced to break its contract with...
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March 03,2018
The National Iranian Oil Company is in the final stages of signing three oil deals with the private sector under the terms of Iran Petroleum Contract, NIOC's managing director said.
"The deals,...
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March 03,2018
Butane Industrial Group, a major Iranian gas company, signed a memorandum of understanding with Basra Gas Company for the export of liquefied petroleum gas storage tanks to Iraq, the secretary-...
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March 03,2018
Oil prices rose on Friday as Wall Street stocks bounced off session lows, but benchmark crude futures...
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March 03,2018
France’s oil major Total is boosting its upstream Libyan operations by acquiring the 16.33% stake...
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March 03,2018
In line with policies to renovate outdated facilities in oil and gas companies to boost production, National Iranian South Oil Company has reconditioned dilapidated equipment in Masjed Soleyman Oil...
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March 03,2018
Geological studies on Iranian oilfields show the country can boost proven oil reserves by at least 10% in the future, the deputy for engineering and development at the National Iranian Oil Company...
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March 02,2018
Implementing the processing facilities of Hengam oil and gas field on Qeshm Island in the Persian Gulf will help earn $300 million annually, the managing director of Iranian Offshore Oil Company...
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March 02,2018
A delegation from Russia's oil company Tatneft and the National Iranian Drilling Company's officials explored grounds for cooperation and undertaking joint drilling ventures.
According to the...
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March 02,2018
Exxon Mobil Corp., an American oil major, will exit some joint ventures with Rosneft, Russia’s largest...
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March 02,2018
Following in Apple's footsteps, Microsoft has purchased 100% of the renewable output from Sunseap...
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March 02,2018
In line with efforts to complete the construction of Iran's largest oil refinery in the southern city of Bandar Abbas, Hormozgan Province, the venture will receive fresh impetus as $120 million are...
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March 02,2018
OPEC oil output fell in February to a 10-month low as the UAE joined other Persian Gulf members in...
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March 02,2018
US oil prices fell on Friday, taking declines to a fourth day as Asian share markets extended a selloff...
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February 28,2018
Developing advanced technology and investing in modern research methods is the Oil Ministry's strategic approach to revive the age-oil industry.
Habibollah Bitaraf, Iran's deputy oil minister for...
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February 28,2018
The South Zagros Oil and Gas Production Company, a subsidiary of Iranian Central Oil Fields Company, has produced a total of 1.37 trillion cubic meters of natural gas since 1999, according to data...
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February 28,2018
The head of OPEC plans to meet with US shale company executives on Monday in Houston, the second consecutive year that the secretary-general has met with some of the organization’s top rivals.
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February 28,2018
Iraq has agreed a deal with the semi-autonomous Kurdistan Regional Government to resume crude oil...
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February 28,2018
Annual water consumption in Iran has increased by over 15 billion cubic meters in the past two decades, Deputy Energy Minister Sattar Mahmoudi said.
“The country’s water use has reached 95 billion...