A British drone operator has won a contract to inspect rigs operated by one of the world’s largest oil producers. Sky Futures Ltd. will deploy drones at Eni S.p.A. facilities as part of a global…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
India's oil imports from Iran more than trebled in January compared with the same month of last year and South Korea's intake more than doubled from a year ago as the Middle Eastern country…
The development of joint oil and gas fields is the mainstay of Iran's petroleum industry, Oil Minister Bijan Namdar Zanganeh said, underlining that shared fields with Iraq and Qatar top Tehran's…
In line with policies to expand oil markets in Southeast Asia, an Iranian tanker is on its way to Indonesia’s Cilacap Port to unload its crude oil cargo, the first Iranian vessel to sail to the…
Oil strengthened slightly on Tuesday, supported by an OPEC-led effort to cut output while rising production elsewhere kept prices within the narrow ranges that have contained them so far this year…
The future of Britain's new Moorside nuclear plant was thrown into doubt on Tuesday after Japan's Toshiba Corp, which is developing the project with France's Engie, said it planned to pull out of…
International energy majors, namely Norwegian oil and gas company DNO, Russia’s Gazprom Neft PJSC and Thailand’s state-owned PTTEP, are conducting studies to develop Changuleh Oilfield in western…
The nation most identified with its massive oil reserves is turning to wind and solar energy to generate power at home and help extend the life of its crucial crude franchise.
Starting this…
India’s monthly oil demand fell the most since May 2003 as the government’s crackdown on high-value currency notes continued to reverberate through the country’s $2 trillion economy.
Fuel…
Kuwait Petroleum Corp expects to spend 35 billion dinars ($114.8 billion) on oil projects in the next five years, its chief executive officer said on Monday, adding 30% of the amount would be for…
Iran’s revenues from the export of petrochemical products fell by around $660 million in the 10 months to January 19 compared with the corresponding figure of previous year, reflecting the slump…
Iran's crude oil production rose by 50,200 barrels per day in January over the previous month, reaching 3.75 million bpd, OPEC said in its monthly report on Monday, citing secondary sources.
Tehran is in talks with PetroChina Company Ltd on collaboration and transfer of knowhow in the petrochemical sector, the deputy chief of Iran's Association of Petrochemical Industry Corporation…
Global demand for oil could outdo the ten-year average in 2017 as the health of the world economy improves and demand for road transport continues to grow, OPEC's latest monthly report has…
Sri Lanka has launched a tender to develop a gas block in the Mannar Basin off its northwest coast, vacated when Cairn India pulled out of an exploration project in 2015 as oil prices plunged,…
Iraq, OPEC's second-largest producer, plans to cut crude exports from its southern port of Basra to 3.013 million barrels per day in March, the lowest since August, a loading program obtained by…
Iran has made inroads in its oil and gas exploration sector with discoveries of 13 oil and gas reservoirs over the past three years, says the head of exploration department at the National Iranian…
The National Iranian Oil Refining and Distribution Company is in talks with European and Asian companies to use their expertise in reducing mazut production and increasing output of fuels with…
The development of wastewater treatment plants in and around Tehran requires €300 million ($318 million), said Mohammad Parvaresh, the managing director of Tehran Province Water and Wastewater…
Saudi Arabia told OPEC that it cut oil production by the most in more than eight years, going beyond its obligations under a deal to balance world markets.
The kingdom reported that it…
Major European oil companies need Brent prices of $50-60 a barrel for cash flow to break even in 2017, according to Fitch Ratings' analysis.
Gas output from the giant South Pars field in the Persian Gulf is set to rise by 90 million cubic meters per day by the end of the present fiscal year in March, taking production closer to that of…
An agreement between OPEC and non-OPEC producers last year to cut crude supplies has raised Iran's oil revenues by $30 million per day, a deputy oil minister said on Sunday.
"Tehran's daily…
While Russia is saying that it would undertake its share of promised oil production cuts, it is also saying it will be increasing its Urals crude oil exports in the first half of this year,…
Brent futures prices indicate the crude market is expected to move into a deficit with a significant draw down in stocks from the middle of the year.
