Oil rose on Tuesday, driven by supply disruptions in Canada and elsewhere, which have knocked out 2.5 million barrels of daily production and temporarily eclipsed concern over high global…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
A senior oil official announced on Tuesday that the process of vetting foreign companies for Iran’s oil and gas projects under the new Iran Petroleum Contract will start in late May.
A 30-strong delegation of Russia's Gazprom is due in Tehran in the near future to explore grounds for cooperation in mega gas projects, liquefied natural gas initiatives and mini LNG…
Iraq plans to boost crude oil exports from its southern region to 3.47 million barrels per day in June, potentially beating a record volume set in November, a preliminary loading program showed.…
Iran will be able to use the SUMED oil pipeline in Egypt to access the Mediterranean Sea and boost crude exports to Europe from there, Iran's deputy oil minister for international affairs said.
Internal differences are killing OPEC and its ability to influence the markets has all but evaporated, the head of Russia’s biggest oil firm Rosneft, told Reuters in some of his harshest remarks…
In a surprise move, Saudi Arabia sacked its long-time oil minister over the weekend, an event that indicates the near-total control the deputy crown prince has obtained over the country’s energy…
Oil prices dived on Monday as caution among investors offset a decline in daily production capacity due to Canada’s most destructive wildfire in recent memory.
The lost capacity—about a…
Total SA agreed to buy French battery maker Saft Groupe SA in a €950 million ($1.1 billion) deal, ratcheting up investments in clean energy by one of the world’s largest oil companies.
Saft…
The Iranian government will introduce two prices for gasoline, following a parliamentary legislation to revert to a dual pricing scheme for the fuel.
However, a senior oil official said the…
Iran's Research Institute of Petroleum Industry and Aker Solutions, a Norwegian oil and gas services company, signed a memorandum of understanding on the transfer of state-of-the-art technology to…
The International Court of Arbitration will determine the exact amount of compensation Iran has to pay to Turkey over the lingering gas dispute, as the two sides failed to agree on the amount of…
Iran Mercantile Exchange will establish a bitumen bourse in the near future, Hamed Soltaninejad, the chief executive of IME, said on Monday.
"We are planning to start futures trading…
Saudi Arabia oil officials have started a new price war to impede Iran's progress in achieving its pre-sanctions oil output.
A senior official at Rock Flow Dynamics, a Russian energy engineering company, announced that it has delivered 160 versions of a significant oil and gas reservoir simulation software, namely…
Producers and refiners braced on Monday for a prolonged shutdown and possible supply constraints from Canada's vast oil sands region as a destructive wildfire raged for a second week. Cooler and…
Oil imports by China, the world’s biggest consumer after the US, rebounded amid strong buying by independent refiners that have helped push the country’s crude demand to a record and overwhelmed…
Although oil output from Yadavaran and North Azadegan fields shared with Iraq can increase by 85,000 and 75,000 barrels per day respectively, Chinese state-owned energy giant Sinopec …
A deputy oil minister has announced that Iran is in preliminary negotiations with Turkmenistan, Russia and Kazakhstan on oil and gas swap, urging Iranian private companies to participate.
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Oil Minister Bijan Namdar Zanganeh and his Omani counterpart Mohammed bin Hamad Al Rumhy discussed a subsea gas pipeline and the global oil market in a meeting in Tehran on Saturday.
"…
The Iranian government is planning to disburse $14 billion to renovate and optimize refineries nationwide and improve the quality of petroleum products, according to the managing director of…
South Korea has signed three memoranda of understanding for implementing major water projects in Iran.
Mohammad Reza Rezazadeh, the executive director of Iran Water and Power Resources…
The construction project of four platforms to be installed in the South Pars phases 14, 17 and 18 is being implemented on schedule. "The construction of the new offshore platforms for the South…
Nigeria is suffering a worsening bout of oil disruption that has pushed production to the lowest in 20 years, as attacks against facilities in the energy-rich but impoverished nation increase in…
A senior oil official said on Saturday that talks with the French oil and gas major Total on taking over South Azadegan Oilfield’s development plan are underway, elaborating on a rise in West…
