Oil prices fell to near six-year lows on Monday, as Japan's economy contracted and producers in the United States added drilling rigs for a fourth straight week despite a recent rout in prices.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Libya's UN-backed government has appointed Naji al-Maghrabi as chairman of its state oil firm National Oil Corporation—aka NOC—based in the east of the country, an oil official said on Saturday.…
Iranian and Iraqi high-ranking officials approved the final draft of gas export to Iraq after four days of negotiations, Azizolah Ramezani, National Iranian Gas Company's director for…
Practices adopted by Chinese financers in Iran's petrochemical projects have imposed restrictions that discourage Iranian authorities from using Chinese funds, deputy oil minister and managing…
The National Iranian Oil Refining and Distribution Company in Khorasan Razavi Province is planning to increase the export of oil products to neighboring countries, including Afghanistan,…
The foundation of a cross-border pipeline to pump oil products like gasoline and diesel to landlocked Nepal from India will be laid within a week, India’s Ambassador to Nepal Ranjit Rae announced…
Nigerian President Muhammadu Buhari's appointment of a Harvard-educated lawyer to run the state oil company demonstrates his anti-corruption resolve, which only marks the start of a long reform…
The long-awaited South Pars phases 15 and 16 have made 97% progress and will go on stream in December, Mohammad Reza Forouzesh, contractor of the two phases, said on Sunday.
According to…
Fifty investors have expressed readiness for the construction of compressed natural gas stations across the country, the Oil Ministry's director for energy planning said.
"One of the…
Oman, the biggest oil producer in the Middle East outside OPEC, said its crude and condensate production in July exceeded 1 million barrels a day for the first time.
“In July 2015 the…
Marjan Petrochemical Company—aka 7th Methanol Project—has made 30% progress as its construction operations and installation of distillation towers are underway, Hassan Beigi, managing director of…
A significant growth in both investment and activity in the floating liquefied national gas market is expected over the next seven years, according to a report.
It is expected to hit a…
Finland’s Gasum Oy has demanded through court Russia’s Gazprom lower the price of gas being supplied to Finland.
Gasum Oy dispatched a complaint to this effect to Gazprom in the middle of…
US shale oil production amounted to just 5 million barrels per day at the end of 2014, less than 6% of world production and consumption.
Despite the shale sector’s small market share, it…
Dana Gas—the Middle East’s leading private sector natural gas company—announced revenues of $116 million in the second quarter ended 30 June 2015.
Revenues declined almost 38% year-on-year…
The nuclear dialogue between Russia and Iran will not be limited to the Bushehr Nuclear Power Plant, as Russia seeks to expand cooperation, Russian Deputy Foreign Minister Sergei Ryabkov said…
The US agreed to allow some crude to flow to Mexico in the latest step toward easing a 40-year ban on most domestic oil exports.
Up to 100,000 barrels a day of light oil and condensate will…
Iran's electricity production capacity has increased by 480 megawatts with the operation of three units in Seymareh Dam's power plant.
"Three 160-MW units went on stream in Seymareh power…
State Oil Company of Azerbaijan, SOCAR, is drilling a new well in the Oil Rocks field in the Azerbaijani sector of the Caspian Sea, SOCAR said on its website. The daily debit of the well No. 2613…
The development of the largest natural gas field in Turkmenistan, Galkynysh, will continue, the newspaper Neutral Turkmenistan said.
More than 20 production wells have been drilled during…
Iran has lined up 45 oil and gas projects to show international companies at a conference in London in December.
The projects, including oil and gas exploration, will be discussed along…
Saudi Arabia's policy of keeping production levels abnormally high and driving out US shale producers simply has not worked.
Even as US shale hedges are about to expire, some of the…
The International Energy Agency, OPEC and the US Energy Information Administration have released new monthly reports for August, offering the latest snapshot into the oil markets.
The…
Ensuring stability of gas supply is a fundamental principle that should not be undermined by outsourcing, Deputy Oil Minister Hamid Reza Araqi said on Thursday.
With the lifting of sanctions, Iran is planning LNG liquefaction facilities. An Indian delegation visited Iran during the last week of July 2015, wherein the Indian side indicated…
