Outgoing US President Barack Obama has permanently banned offshore oil and gas drilling in the "vast majority" of US-owned northern waters.
Obama designated areas in the Arctic and Atlantic…
Energy
India's oil imports from Iran fell 19% in November from a record high the previous month after regional rivals Saudi Arabia and Iraq raised sales to the world's third-biggest oil consumer,…
Plans call for not only developing the existing oil pipeline grid but also laying new pipelines to boost the export of oil byproducts, the managing director of the National Iranian Oil Refining…
Reports emerged last week that Iran is taking steps to build its first-ever power plant that would burn coal for electricity generation. The news has invited mixed reactions; environmental groups…
South Pars Gas Complex has shipped its first gas condensate cargo to Europe, managing director of the company said on Wednesday.
Masoud Hassani added that for the first time after the…
Saudi Arabia is considering increasing retail gasoline and diesel prices in 2017 for the second year in a row, as the world’s top crude exporter pursues a plan to cut its dependence on oil…
A court in Shanghai ordered two Chinese firms and the founder of one of them to pay BMW 3 million yuan ($432,000) for registering trademarks similar to that of the top German automaker, the…
Crude at $55 a barrel is the magic number for the oil and gas industry to turn around, Wood Mackenzie said in a new report, as the consultancy sounded an optimistic note on recent joint production…
BP is piling up assets with more than $3 billion of deals in three days as CEO Bob Dudley sees the company emerging from the doldrums after a two-year price slump.
Asia will post its biggest net refining capacity addition in three years in 2017, further boosting demand for crude in the world's biggest and fastest growing oil consuming region.
Greek companies are willing not only to play an active role in Iran's gas industry but also purchase their much-needed natural gas from Iran.
The National Iranian Oil Company is expected to sign a memorandum of understanding with Malaysia's Petroliam Nasional Berhad, known as Petronas, in Tehran on Wednesday to study the Azadegan…
Iran is close to signing an agreement with Danish conglomerate Maersk Group to study the development potential of the oil layer of South Pars Gas Field in the Persian Gulf, said Gholamreza…
French oil and gas major Total S.A. is expected to finalize an agreement to develop Phase 11 of the giant South Pars Gas Field within three months, Mohammad Meshkinfam, the chief executive of Pars…
China will replace huge amounts of fossil fuels with renewable energy in the next five years in pursuit of better air quality. By the end of 2020, renewable energy facilities will supply 1.9…
Indonesia's Pertamina will buy 1 million barrels of Iranian crude oil, expected to be delivered in the first quarter of 2017, its chief executive Dwi Soetjipto told reporters on Monday. "We will…
Iran and Iraq have established a joint committee to fast-track the development of water and electricity projects.
Bahram Nezamolmolki, deputy energy minister for technical and engineering…
The National Iranian Oil Company sold the first cargo of crude oil to Italy's oil giant Eni after the removal of sanctions in January, director for international affairs at NIOC said on Monday.
Iran is able and willing to start export of compressed natural gas (CNG), said Ali Mehrabi, deputy for construction affairs of CNG stations at the National Iranian Oil Products Distribution…
Iran should play a central role in production and supply of electricity in the region by 2021, the last year of the sixth five-year development plan, Alireza Daemi, deputy energy minister for…
Saudi Arabia could still decide to sell shares of oil giant Aramco in New York, Foreign Minister Adel al-Jubeir said, even after the US passed a law that allows victims of the Sept. 11 attacks to…
Investors are the most optimistic on oil since the slump began two and a half years ago. Money managers boosted bets on rising West Texas Intermediate crude prices to the highest level since July…
OPEC’s deal to cut production and boost prices gives oil companies the opportunity to shake off two years of layoffs and slumping profits to start investing again—if they still have the risk…
Operations to construct a 1,400 megawatt thermal power plant in south Iran in cooperation with Russia will begin in two months, Mohsen Tarztalab, managing director of Iran's Thermal Power Plants…
Novatek, Russia's second biggest gas producer, said it has signed agreements with Japan's Mitsui & Co, Mitsubishi Corp. and Marubeni Corp. to cooperate in liquefied natural gas (LNG) and other…
