Oil discoveries have fallen to a six-decade low, as explorers cut billions of dollars of spending to ride out the biggest market slump in a generation. About 12.1 billion barrels of oil reserves…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Brent crude prices fell for a fourth consecutive session on Monday as investor focus returned to global supply, with Iran insisting on raising in oil exports and US drillers slowing the reduction…
Russia was China's largest crude oil supplier for a second month this year, customs data showed on Monday, with shipments in April surpassing imports from Saudi Arabia and hitting a record high as…
Algeria has more drilling rigs than the rest of Africa combined, yet oil production still isn’t recovering after years of decline.
It is little wonder the nation remains one of the…
Iran Oil Terminals Company has planned a new round of operations to renovate oil terminals, oil storage tanks and single buoy moorings with the help of Dutch enterprises, managing…
There are some disagreements over the volume of oil sale to the multinational oil and gas company Royal Dutch Shell, director for international affairs at the National Iranian Oil Company said on…
The state-run National Iranian Tanker Company, which has the largest fleet of oil tankers in the world, is pushing for reentry in European ports after being locked out of western markets for years…
The Oil Ministry officially issued a directive on Monday over the high-priority plans of the National Iranian Oil Ministry in the current Iranian year (started March 20).
Russian shipbuilder Krasnye Barrikady has been awarded a nearly $1 billion contract by Iran to build five offshore drilling rigs for use in Iran's segment of the Persian Gulf shelf, a company…
Investment in renewable energy around the world is for the first time higher than fossil-based energy sources, according to a report by the Bloomberg New Energy Finance research institute.
Turkmenistan is in talks with the Islamic Development Bank, the Saudi Fund for Development and Japanese government on financing the construction of a gas pipeline to Afghanistan, Pakistan and…
Hundreds of gasoline stations faced shortages in France over the weekend as protests over a labor law reform led to a fall in refinery output and blockades that hampered fuel supply and prompted…
The desulfurization unit of South Pars’ phases 17 and 18 is on the verge of becoming operational, managing director of Oil Industries Engineering and Construction Company said on Sunday. Stressing…
Indian refiners have cleared part of the $6.4 billion owed to Iran for crude oil imports in euros through Turkey’s Halkbank, three sources privy to the payment said on Saturday.
State…
Oil and gas major Royal Dutch Shell is holding negotiations with the Iranian energy company Petropars Ltd. on carrying out feasibility studies for investment in oil and gas projects, managing…
Disparate and often conflicting views in Iran's state-run energy organizations and a lack of conformity of long-term plans with policies have thwarted development in the country's energy sector.…
As soon as Iran's gas pipeline projects with Iraq and Oman go on stream, Kuwait will be the next destination to receive the gas-rich Persian Gulf state's natural gas, the head of Iranian Gas…
Total SA and Oil Search Ltd. will divide the Papua New Guinea assets of InterOil Corp. in a two-step deal, as global energy companies seek to expand the Pacific nation’s liquefied natural gas…
Kuwait’s state-run oil company is planning to invest $42 billion by 2022, as the country pursues a threefold strategy to increase oil production, expand refineries and flesh out a clean…
Russia will loan Egypt $25 billion to finance building and operating a nuclear power plant in the North African country, according to Egyptian media.
Iran produced 46.4 million tons of petrochemicals in the last Iranian year (ended March 19), which is nearly 2 million tons more than that of the previous year (44.5 million tons).
The…
Iran needs to build new oil terminals along its southern coasts to meet its rising crude export capacity, as it aims to challenge rival producers for market share, the first vice president said.…
Following Oman, India and South Korea, France has also expressed interest in taking over liquefied natural gas projects in Iran, which is one of the world’s largest owners of gas resources.
Five countries in southeast Europe formally signed off on the construction of a pipeline that will transport Caspian gas to European markets to ease their reliance on Russia.
The $45…
Oil and gas activities may have caused nearly nine in 10 of the earthquakes Texas has experienced in the past 40 years and the quakes have become more frequent, as oilfield activity has picked up…
