Saipem has been awarded new contracts by Saudi Aramco and Eni, which are cumulatively valued at $681 million (€600 million).
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Iran is ready to challenge the United Arab Emirates in fuel bunkering to vessels in the Persian Gulf, managing director of the National Iranian Oil Products Distribution Company said, adding that…
Oil prices rose on Wednesday after data showed the market was beginning to tighten, with falling supply, higher demand and lower inventories after two years of heavy surplus.
Norway expects its oil and gas investments, a cornerstone of its economy, to drop by nearly 21% by 2017 from a record high last year, the government said in its 2016 budget on Wednesday. Oil…
Gazprom will hold a tender to choose a contractor for Nord Stream-2 pipeline in 2016, deputy CEO of the Russian gas holding told reporters on Wednesday.
"We are within the schedule. We are…
Foreign contractors building power plants will be allowed to export Iran’s electricity, deputy energy minister for planning and economic affairs said on Tuesday, after holding a new round of trade…
Algeria expects a 4.1% rise in oil and gas exports this year to 195 million tons of oil equivalent, after achieving increased yields at its Hassi Rmel, Hassi Messaoud, Berkine and El Merk fields,…
The National Iranian South Oil Company plans to increase oil production by 600,000 barrels per day once sanctions are fully lifted, according to its director general.
"The company is fully…
The drilling process of an oil layer of the giant South Pars Gas Field has drawn to a close, said managing director of PetroIran Development Company.
"We are currently in the well…
OPEC sees the oil market improving because of higher demand for the group’s crude and a drop in supply growth from non-members, its secretary-general said, the latest sign that OPEC believes its…
Gazprom has almost halved the planned capacity of its TurkStream gas pipeline project to 32 billion cubic meters per year from an original capacity of 63 bcm, Gazprom Chief Executive Officer…
Iranian officials explored grounds for cooperation in the energy, particularly the renewables sector, in a meeting with a high-ranking delegation from the northwestern German state of Lower Saxony…
Russia and Saudi Arabia discussed the oil market situation last week and agreed to continue consultations, exchanging views on demand, production and shale oil, Russian Energy Minister Alexander…
Iran's crude sales are on track to hit the lowest in seven months in October, according to a source with knowledge of its preliminary shipping plans.
Iran intends to regain the lost market…
British oil and gas firm BP will pay more than $20 billion in fines to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago, marking the largest corporate settlement…
The Research Institute of Petroleum Industry has worked out a 10-year roadmap to implement enhanced oil recovery techniques in Ahvaz Oilfield, Iran's second biggest onshore oilfield after Marun,…
Iran's gas import from Turkmenistan stood at 3.6 billion cubic meters in the first half of the current Iranian year (started March 21), said the director of gas supply division at National Iranian…
State-controlled Petroleo Brasileiro SA, struggling with the biggest debt load among global oil firms, on Monday cut capital spending plans for this year and next by $11 billion in the wake of a…
Libya's oil production has dropped to 300,000 barrels per day, less than a quarter of what it produced before the 2011 fall of former autocrat Muammar Gaddafi, mostly because of insecurity and…
Iran's petrochemical production capacity will reach 129 million tons per year by the end of the sixth five-year economic development plan (2016-21), generating an estimated $40 billion in annual…
Saudi Arabia cut pricing for November oil sales to Asia and the US, as the world’s largest crude exporter seeks to keep its barrels competitive with rival suppliers amid sluggish demand.
The UAE is investing $35 billion to diversify its energy mix and reduce its dependence on natural gas imports, the country’s energy minister said.
“We need to minimize our reliance on…
A high-ranking UK delegation met with Iranian oil officials in the capital Tehran on Monday to explore areas of energy cooperation.
Deputy Energy Minister Alireza Daemi announced water tariffs have increased by 10% for subscribers abiding by the consumption pattern and by 30% for high consumers as of September 23.
Without the latest technologies to increase production, there is a good chance that Iranian oilfields will be exhausted in the near future, says the deputy for technology and international affairs…
