BP Plc posted a 45% slump in earnings, pointing to a poor set of results from the industry as oil production barely breaks even and profits from refining sputter.
The U.K. company, the…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Oil Minister Bijan Namdar Zanganeh and his Armenian counterpart Levon Yolyan discussed an agreement on exporting natural gas to Georgia through Armenia in a meeting in Tehran on Tuesday. “Iran has…
Iran will be able to produce 385 billion cubic meters of natural gas annually by 2021, much of which will be exported to India, China, and Europe, head of National Iranian Gas Company said.…
Mozambique's long-delayed offshore gas project with Italy's Eni could be approved within months, sources close to the deal said, sparking investments with the potential to transform one of the…
Two of Libya’s biggest oil ports may not reopen soon as the hardening positions of rival factions pose a fresh challenge to international efforts to reunite the country and restore its crude…
Abadan Refinery’s crude processing capacity has reached 364,000 barrels per day, the refinery's managing director Habibollah Abolhosseini said. He added that the refinery's output is contingent…
Construction of a major industrial wastewater treatment plant will commence this week at the Bandar Imam Petrochemical Complex in southern Khuzestan Province.
The plant will be the largest…
China Petroleum & Chemical Corporation (Sinopec) will retain its position as contractor of Iran's Yadavaran Oilfield, the field's director said on Monday.
"The master development plan…
The final touches are being given to plans to supply natural gas to Iraq at the border in August, a senior official said on Monday.
Electricity prices must be "fair" to be able to curb the excessive consumption in Iran, Energy Minister Hamid Chitchian said, in a renewed appeal for revision of electricity tariffs that analysts…
India's Petroleum Minister Dharmendra Pradhan on Saturday said that the Chennai Petroleum Corporation Ltd (CPCL), in which Iran has a minority stake, has to be merged with its parent company…
Iran is interested in expanding energy ties with Sri Lanka, said Oil Minister Bijan Namdar Zanganeh in a meeting with his Sri Lankan counterpart Chandima Weerakkody in Tehran on Sunday.
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Companies and investors from South Korean are interested in energy projects in Hormozgan Province in the Persian Gulf region, the provincial governor said in a statement.
"South Koreans are…
The Turkish government will negotiate a substantial discount on natural gas prices with Iran before the winter after Iran and Ankara's arbitration case is concluded in September, Turkish Energy…
An aircraft powered by solar energy left Egypt on Sunday on the last leg of the first ever fuel-free flight around the globe. Solar Impulse 2, a spindly single-seat plane, took off from Cairo in…
Three export terminals on Russia’s Arctic coast shipped an average of 230,000 barrels of crude in the second quarter of 2016.
This figure is almost equal to Libya’s total daily exports,…
US oil producers continue to revive drilling in the shale patch, adding rigs for the fourth consecutive week in the longest streak of increases since August.
Schlumberger Ltd, the world's No. 1 oilfield services provider, said it expects a "significant global supply deficit" of crude oil, assuming steady growth in demand, given the sharp decline in…
Iran has significantly increased the export of condensates as more phases of its South Pars Gas Field come on stream, said Iraj Ghavami, head of the Asalouyeh Gas Terminal in Bushehr Province.…
Transfer of technology is a prerequisite of the new Iran Petroleum Contracts and a priority in negotiations with foreign academia related to energy projects, the National Iranian Oil Company’s…
Natural gas production from the South Pars Gas Field will rise by 56 million cubic meters per day after the installation of two new extraction platforms for phases 20 and 21, Abol Qassem Rahmani,…
South Korea's Wolsong No.1 nuclear power reactor shut down on Friday after its safety system detected a technical problem, the country's nuclear reactor operator said.
Crude futures were on track for weekly losses on Friday as investors reassessed US data on oil stocks and excesses in oil products in Europe and Asia.
While many expect global oversupply of…
Husky Oil said a leak from one of its pipelines on Thursday spilled about 200,000 liters, or around 1,250 barrels, of heavy oil mixed with a thinning chemical into the North Saskatchewan River…
The second phase of Kavian Petrochemical Complex, Iran's largest ethylene production plant, has been launched in the southern city of Asalouyeh, said Ramezan Ouladi, the chief executive of company…
