German industrials conglomerate Siemens is cutting or transferring to other countries more than 1,000 jobs at a unit making gear for oil drillers and mining companies, as low oil prices have…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Japan’s Marubeni Corporation has expressed readiness to cooperate with Iran in South Azadegan Oilfield, one of the largest Iranian oilfields, managing director of Petroleum Engineering and…
The Saudi plot to reduce oil prices from $110 per barrel to $23 failed to cripple Iran's economy, the Majlis speaker said on Monday.
"Iran has already reduced its reliance on oil revenues,…
Saudi Arabian Oil Minister Ali al-Naimi said on Sunday he held “successful” talks with his Venezuelan counterpart about ways of cooperating to stabilize the crude market, without saying what steps…
The rise in gas export to Armenia depends on the construction of a new electricity transmission line between the two states, managing director of National Iranian Gas Export Company said on Sunday…
As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis.
Crude prices…
Croatia is unlikely to go ahead with plans to build a new coal-fired thermal plant in the northern Adriatic for which it entered into partnership talks with Japan's Marubeni Corp., the environment…
Oil Ministry will issue bonds to boost investment in a joint oilfield with Iraq, as Iran presses ahead with plans to raise crude production capacity by 1 million barrels a day within six months.…
Gasoline smuggling has declined significantly over the past few months, executive director of National Iranian Oil Refining and Distribution Company said, noting that diesel smuggling is still…
US President Barack Obama on Saturday proposed doubling US funding over the next five years for clean energy research and development, as part of his ongoing effort to tackle climate change.
In the presence of sluggish demand and a persisting supply glut, global oil markets are likely to face continuous downward price pressure from decreased demand and additional supply coming from…
After a year of low oil prices, only 0.1% of global production has been curtailed because it is unprofitable, according to a report from consultants Wood Mackenzie Ltd. that highlights the…
Long-term oil contracts help Iran safeguard its national interests and rights, but also handle economic crises like sanctions successfully, vice president of Iran Chamber of Commerce, Industries,…
Iran has signed deals to export a total of 300,000 barrels of oil per day to European customers since sanctions against it were officially lifted in January, with supplies to French oil and gas…
Anglo-Swiss commodity trader Glencore has chartered a ship to load oil at the Iranian southern port city of Bandar Mahshahr in a move that signals the return of Iranian crude and petroleum…
As US natural gas prices collapse to 1990s-era lows, producers in four shale plays are cutting their losses. Surging output has sent gas futures tumbling, forcing drillers to abandon marginal…
Iran wants to recover tens of billions of dollars it is owed by India and other buyers of its oil in euros and is also billing new crude sales in euros, as the country looks to reduce its…
US President Barack Obama will launch a long-shot bid next week to impose a $10-a-barrel tax on crude oil that would fund the overhaul of the nation's aging transportation infrastructure, the…
Royal Dutch Shell confirmed it will cut 10,000 jobs worldwide after an 87% plunge in annual net profits on slumping oil prices.
The Anglo-Dutch group reported a profit of $1.94 billion for…
A deputy oil minister said gas export to Pakistan and India is economically viable, in spite of Qatar’s policy of selling gas cheaply.
“As most of Iran’s exported gas is extracted from…
Danish catalysis company Topsoe said in a press release on Thursday it will open an office in Tehran as it has reached an agreement with an Iranian firm to establish a petrochemical plant in the…
Iran has been discussing possible oil sales to top Russian oil producer Rosneft, Russian news agencies quoted a top adviser to Iran's Leader Ayatollah Seyyed Ali Khamenei as saying in Moscow on…
Six members of the Organization of Petroleum Exporting Countries and Russia have agreed to hold an extraordinary meeting to deal with tumbling oil prices.
The statement was announced in a…
Head of the Iran-India Commercial Council outlined possible reasons behind India’s declining oil imports from Iran in January, despite their growing interest in Iranian oil.
Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for a bigger and longer rebound by the end of the year.
