Abu Dhabi National Oil Co. awarded a stake in its largest oil concession to China National Petroleum Corp. as the Middle East emirate brings in more foreign investors to raise crude production…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Iraq's oil reserves have increased to 153 billion barrels, from a previous estimate of 143 billion barrels, Oil Minister Jabal al-Luaibi said on Sunday. Iraq will ask the Organization of Petroleum…
The pace of drilling operations in Iran is half of that of international firms with access to cutting-edge technology, the National Iranian Oil Company said on Saturday.
The Energy Ministry is dispatching dozens of maintenance crews to Khuzestan Province to repair and rebuild electrical infrastructure that was battered by severe dust storms in the past few weeks,…
A fire broke out after an explosion on Saturday at a California oil refinery that local residents had planned to protest against later in the day due to concerns over pollution and past accidents…
With non-OPEC producers poised to grow again, OPEC will need to increase oil output by just 2.2 million barrels per day to meet global incremental oil demand of about 5.5 million bpd in 2017-22,…
State oil giant Saudi Aramco said on Saturday it had contained a “limited” oil leak from one of its pipelines near Abqaiq that had caused the death of a contractor and injured three other people,…
Serbia is interested in expanding ties with Iran in power sector following the implementation of Iran’s nuclear deal in January last year.
Serbian Minister of Energy and Mining Aleksandar…
Renewable energy accounted for 90% of new power added to Europe’s electrical grids in 2016, according to WindEurope, an association based in Brussels that promotes the use of wind power in Europe…
Iran has resumed electricity export to Iraq after it halted supply in the beginning of the year, according to a Friday report by Mehr News Agency.
The report purported that supplies are…
A global deal to cut oil production has had the unintended consequence of aiding Europe's older refineries by bolstering supplies of light crude while curbing shipments of the heavier grades…
US shale producers are facing their first production cost increase in five years in 2017 as industry activity picks up and energy service providers hike fees to take a bigger share of the profits…
Crude oil output will reach 4 million barrels per day in April, head of the National Iranian Oil Company said on Saturday.
“Oil production was expected to reach 4 million barrels a day by…
Turkish energy company Unit International's deal with the Energy Ministry has been cut down to one-third from an initial agreement to construct power plants in Iran with a total output capacity of…
China will suspend all imports of coal from North Korea starting Feb. 19, the country's commerce ministry said in a notice posted on its website on Saturday, as part of its efforts to implement…
Optimizing energy use could unlock between $900 billion and $1.6 trillion in savings globally in 2035, according to a new report by the McKinsey Global Institute.
Oil traders for the last two weeks have shrugged off reports that US stockpiles are brimming at their largest levels ever recorded, as the market continues to bet that crude prices will climb…
The biggest oil producers in the Middle East are helping crude from Western Siberia go where it has rarely gone before.
Tehran will hold tender for more than a dozen oil and gas exploration blocks in summer, Saleh Hendi, the head of exploration department at the National Iranian Oil Company, said.
"After…
In line with policies to develop petrochemical projects, negotiations are underway with France's Axens to provide Kian Petrochemical Company (KPC) with technical expertise to produce high value…
Belarus has made its first purchase of Iranian crude oil after the lifting of international sanctions against Tehran last year, media reported on Friday, as Minsk is making efforts to reduce its…
Iraq plans to acquire a "large fleet" of oil tankers to transport the OPEC nation's crude to global markets, Oil Minister Jabar al-Luaibi said in a statement on Friday. The nation's tanker fleet…
Oil slipped further below $56 a barrel on Wednesday as an industry report showing a large rise in US crude inventories signaled ample supply, even as OPEC achieves record compliance with its…
Solar power installations doubled in 2016 over 2015, as more and more areas of the United States began pulling their power from the sun.
For the first time, solar power installations formed…
Eni SpA will start producing from the giant Zohr natural gas field off Egypt’s Mediterranean coast by the end of 2017 and plans to invest $10 billion in the North African country over the next…
