Exxon Mobil Corp, the world's largest publicly traded oil producer, said on Monday it would invest $20 billion through 2022 to expand its chemical and oil refining plants on the US Gulf Coast.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Oil prices were little changed on Tuesday, trading in a tight range as rising US shale output offset OPEC crude production cuts, with investors seeking clearer direction from upcoming inventory…
UK oil and gas production will continue to grow through 2018, putting it on course for the longest expansion in almost two decades, amid project startups and productivity gains, an industry lobby…
The Philippines' state oil company, PNOC, as part of a group of international oil and gas companies known as Pergas Consortium, is planning to build a liquefied natural gas plant in Iran in…
India's oil minister says a final deal with Iran to develop the Farzad-B gas field in the Persian Gulf is currently "in Iran's course".
Qatar plans to start work on a major solar power plant in June this year and the plant, with an initial capacity of 200 megawatts, is expected to be operational by 2020. Siraj Power will start…
Fund managers and institutional investors expect oil giant Saudi Aramco to have a market capitalization of $1 trillion to $1.5 trillion when it sells shares to the public next year, a survey by…
Oil inventories onshore and offshore are responding to production cuts implemented by OPEC, the secretary-general of the organization, Mohammad Barkindo, said on Sunday.
OPEC-led production…
Russia's Tatneft signed a preliminary agreement with the National Iranian South Oil Company (NISOC) on Monday to study Shadegan Oilfield in southern Khuzestan Province.
The agreement was…
The oil market’s failure to break out of the tightest range in more than a decade is sapping investor interest.
Iran has signed an agreement with the Czech firm to construct a 20 megawatt waste-to-energy (WtE) plant in the northern Gilan Province, Houshang Falahatian, a deputy energy minister said on Monday…
Petrochemical exports can generate $20 billion annually within the next few years, taking a major leap forward compared to revenues when international sanctions were in place, an official at the…
Austrian energy group OMV has agreed to buy about a quarter in one of Russia's largest gas fields for $1.85 billion, a major expansion push that gives previous owner Uniper a badly needed cash…
The biggest names in the oil world come together this week for the largest industry gathering since the end of a two-year price war that pitted Middle East exporters against the firms that drove…
Two big Irish energy projects designed to reduce dependence on Britain are set to benefit from EU funding as the bloc steps up efforts to support the country with the most to lose when its bigger…
Abu Dhabi's government-owned power utility aims to close a financing package for a 3.2 billion dirham ($872 million) solar power plant, which will be the world's largest, in April, a senior…
Tehran is determined to take legal action against Ashgabat over a gas dispute that broke out at the end of last year, says the chief executive of National Iranian Gas Company.
Tehran may have to scrap plans for holding an international tender to develop a natural gas field in the Persian Gulf as foreign companies have shown little interest in taking on the upstream…
The National Iranian Oil Company is interested in Africa's oil market, especially South Africa, Oil Minister Bijan Namdar Zanganeh said after talks with Tina Joemat-Pettersson, South Africa's…
Phases 17 and 18 of South Pars Gas Field in the Persian Gulf will be launched officially next month, the deputy for investment at the Industrial Development & Renovation Organization of Iran (…
One in six jobs in Scotland's renewable energy sector could be lost within the next 12 months, according to an industry body. Scottish Renewables said thousands of posts could go as a result of…
Nigeria’s anti-graft agency filed new charges against Royal Dutch Shell Plc and Eni SpA, alleging the companies “corruptly” paid $801 million in 2011 when acquiring an offshore oil field.
Libya’s biggest oil port was seized by an armed group, dealing a blow to the North African country as it seeks to revive production of its most important commodity. Brent crude futures climbed.
World's top crude exporter Saudi Arabia cut April prices of light crude it sells to Asia for the first time in three months in a bid to shore up demand in an oversupplied market, trade sources…
Planning is in the final phase to rehabilitate refining infrastructure whose design and construction are more than half a century old, a senior oil official said Saturday.
