The chief executive of Phillips 66 said on Friday he expects the controversial Dakota Access Pipeline to start operations in the second quarter, even though the project - which has sparked…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Despite the enforcement of new US sanctions against Iranian individuals and entities, negotiations are underway with major European firms from France and Germany on developing the key…
The lifting of international sanctions last year has allowed Iran to receive billions of dollars in blocked oil revenues, but the country has yet to collect €4.5 billion ($4.85 billion) for the…
Oil prices edged higher on Friday in response to the possibility of new sanctions on Iran after US President Donald Trump said “nothing is off the table” in dealing with the country after its test…
Despite a recent OPEC agreement to cut oil production and boost prices, it is unrealistic to expect that the commodity will reach $65 a barrel in the near term, an analyst at the Paris-based…
Costly delays, growing complexity and new safety requirements in the wake of the triple meltdown at Fukushima are conspiring to thwart a new age of nuclear reactor construction.
As part of its strategy to further cut costs and reduce debt, Texas-based oilfield services company Weatherford International said on Thursday that it had launched another head count reduction…
Iraq's senior envoy in Tehran on Thursday expressed confidence that the two countries will soon sign an agreement to resume the export of Iranian electricity to the Arab state after supplies were…
A flood of light crude oil set to arrive in Asia will likely push prices for regional grades lower, crimping revenues and potentially creating a supply surplus since local refiners are ill-…
Pasargad Energy Development Company (PEDC) has signed a memorandum of understanding and a non-disclosure agreement with the National Iranian Oil Company to study three oilfields in the southern…
Patrick Pouyanne, the chief executive officer of Total S.A. said on Thursday the French energy major is not worried about its gas deal with Iran amid reports that Total has resumed operations in…
India plans to form a giant national oil company by combining other state-owned firms, finance minister Arun Jaitley said on Wednesday, as New Delhi wants to expand its foreign presence to meet…
US President Donald Trump’s energy policies are good for the petroleum industry and Saudi Arabia sees no problem with growth in US oil production as long as it is in line with demand, Saudi Energy…
Crude prices may have stabilized, but it is still not a great time to be Big Oil.
South Azadegan Oilfield output will exceed 80,000 barrels per day by the end of the current fiscal year in March, deputy director of Iran’s Petroleum Engineering and Development Company (PEDEC)…
With the declared aim of improving the quality of oil byproducts by upgrading production in refineries, Iran is due to finalize contracts worth $6.6 billion with Southeast Asian oil giants…
The National Iranian Tanker Company is prepared to expand its fleet using the potential of domestic companies, albeit if they prove their mettle, sys the company's chief executive officer.
Use of natural gas for producing goods/services with higher value added such as production of electricity and petrochemicals makes more economic sense than the mere export of this fossil fuel,…
Oil prices steadied on Tuesday as rising US drilling activity helped undermine efforts by OPEC and other producers to cut output to try to prop up the market.
Royal Dutch Shell Plc, looking to pare debt swollen by last year’s acquisition of BG Group Plc, accelerated its drive to shed assets on Tuesday by agreeing to the sale of fields in the North Sea…
Iran has ample opportunities for investment in the oil, gas and petrochemical sectors and Siemens is looking to diversify its presence in the energy-rich country, says senior executive of the…
Oil markets are starting to tighten, prompting industry analysts to raise their 2017 price forecasts, but they remain cautious that rising US production could offset any major price gains from…
Use of natural gas for producing goods/services with higher value added such as production of electricity and petrochemicals makes more economic sense than the mere export of this fossil fuel,…
Iran's oil minister says there is no ban on American companies wanting to work in the oil industry.
The semi-official ILNA news agency on Tuesday quoted Bijan Namdar Zanganeh as saying that…
OPEC's oil output is set to fall by more than 1 million barrels per day this month, a Reuters survey found on Tuesday, pointing to a strong start by the exporter group in implementing its first…
