The US Ridgewood Energy, focused on the deepwater Gulf of Mexico, closed a nearly $2 billion private equity fund that it contends will still prove profitable.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
French lawmakers will adopt a long-delayed energy law on Wednesday to reduce the country’s reliance on nuclear reactors and lower carbon emissions by cutting the use of fossil fuels. “It’s the…
Iran has a considerable potential to generate electricity from wind energy, Himan Shoukari, a high-ranking official in the Indian Suzlon group said Wednesday.
Kazakhstan plans to build its fourth oil refinery in Mangistau, with the help of Iranian firms, Deputy Governor of Mangistau Province said.
The head of Lukoil said on Monday the Russian energy group wanted to return to Iran as soon as sanctions on Tehran are lifted, the latest foreign company to signal interest in developing…
An Exxon Mobil Corp. discovery in the Atlantic Ocean off Guyana may hold oil and natural gas riches 12 times more valuable than the nation’s entire economic output.
The United Arab Emirates, the third-biggest OPEC producer, will link gasoline and diesel prices to global oil markets starting next month, becoming the first country in the oil-rich Persian Gulf…
Oil prices fell further in Asia Tuesday, with US crude falling below $50 a barrel as demand for the dollar-priced commodity takes a hit from a strong US currency, analysts said.
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The historic deal between Iran and the P5+1 group (the US, France, the UK, Russia, China and Germany) has several oil majors and refiners considering the impacts of new Iranian crude hitting the…
The Islamic City Council of Tehran has passed a directive aimed at promoting renewable energy, which provides for inauguration of 10 "energy parks" in the capital by the yearend, head of…
The world’s two largest oilfield service providers shrugged off a yearlong crude market crash with better-than-expected quarterly results in North America, helped by aggressive cost cuts from…
Japan called on China on Tuesday to halt construction of oil-and-gas exploration platforms in the East China Sea close to waters claimed by both nations, concerned that Chinese drills could tap…
The oil guru who predicted last year’s rout said $100-a-barrel crude is likely to return within five years as faltering supply fails to meet demand.
China's crude oil imports from Iran rose in June to a two-month high, customs data showed on Tuesday, just as the Islamic Republic begins to look ahead to ramping up its exports in the wake of…
Iran's petrochemical industry needs $70 billion in investment and negotiations with German enterprises are underway for transferring cutting-edge technology to Iran, which also requires investment…
Indian ONGC Videsh Ltd., the offshore arm of Oil and Natural Gas Corporation Ltd, is keen to develop the Farzad-B gas find in Iran, which is now open to international competition, Trend News…
Russian oil major Lukoil intends to take part in new tenders on oilfields development in Mexico, Chief Executive Officer of Lukoil Vagit Alekperov said on Monday. "We will take part further on. We…
Europe’s dependence on imports of Russian gas will only grow, Russian Energy Minister Alexander Novak said in an interview with the Rossiiskaya Gazeta daily to be published on Monday.
Engines of 100,000 agro-wells will be electrified in the near future, with more than $1.6 billion in private investment, director for energy efficiency at Iran Fuel Conservation Organization…
Italy's Eni has discovered gas reserves of up to 15 billion cubic meters in Egypt's Nile Delta region, with production set to start in two months, the Egyptian oil ministry said on Monday.
Germany added more than three times the amount of offshore wind capacity in the first six months of this year than in the same period of 2014 and the country looks set to reach half of its 2020…
Pakistani Minister of Petroleum and Natural Resources Shahid Khaqan Abbasi said construction work has commenced on a 700-km pipeline to import liquefied natural gas from China.
Speaking to…
Iran could restore oil production halted by sanctions faster than anyone anticipates, if the history of previous shutdowns is any guide.
The consensus among analysts and traders is that…
Strategies have been devised to boost oil and gas output in Iran's southern oil-rich regions and emergency operations will help oil reach pre-sanctions level in the least period of time, Bijan…
Turkmenistan will start producing high-quality Euro-5 gasoline at the Seidi refinery from 2016, the country’s Oil and Gas Industry and Mineral Resources Ministry reported. The US Westport Trading…
