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…
Energy
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.
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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…
Three major oil firms have warned they will not be able to deliver on some contracts for Canadian crude, after wildfires ravaged the oil town of Fort McMurray in Alberta and forced evacuation of…
The National Iranian Oil Company and Italian refiner Saras signed a new contract based on which the Italian firm will double its oil import from Iran.
“The agreement calls for…
A Swedish firm and a Norwegian company are interested in cooperation and investment in the health, safety and environment (HSE) sector of Iran’s oil and gas industry.
Shahab Tafazoli, a…
Longstanding Saudi Oil Minister Ali Al-Naimi, the architect of the 2014 switch in OPEC policy that has since roiled crude markets, was replaced with Khalid Al-Falih, chairman of the Saudi Arabian…
Oil Minister Bijan Namdar Zanganeh said Iran's export of crude oil and gas condensates has reached 2.4 million barrels a day, indicating that the country is now bordering on its pre-sanctions…
Iran said it may be ready for joint action with other members of the Organization of Petroleum Exporting Countries in as little as one or two months, once it regains the market share it had before…
Iran Oil Show 2016, the country's first major oil, gas and petrochemical convention after the January lifting of sanctions, started on Thursday.
The annual exhibit has attracted around 900…
Plans have been made to increase oil export to Europe by more than 600,000 barrels per day in the near future, which amount stood at 500,000 bpd in pre-sanctions period.
National Iranian Gas Company and German conglomerate Siemens have signed a memorandum of understanding for upgrading the Iranian natural gas industry's rotating equipment.
Iran aims to export 300-350 million cubic meters of natural gas to 15 neighboring countries in the years to come, director for international affairs at the National Iranian Gas Company revealed.…
A deputy oil minister announced on Thursday Britain’s oil and gas heavyweight British Petroleum will open its Tehran office in summer. Rokneddin Javadi, who is also managing director of National…
The chief executive of Kuwait Petroleum International said on Tuesday that he expected oil prices to stabilize between $50 and $60 a barrel by the end of 2016 or early 2017, Kuwait's official Kuna…
Turkish energy company Turcas Petrol is looking at entering the Iranian energy market through potential investments in oil, gas or renewables sector following the lifting of most sanctions against…
Iran Power Generation, Distribution and Transmission Company (Tavanir) and South Korea Electric Power Corporation (KEPCO) signed a memorandum of understanding on Tuesday worth $10 billion for…
