OPEC's decision to retain its production ceiling is not beneficial to all OPEC member states, but Iran has refrained from objecting in order to maintain group unity, said the oil…
Energy
Turkey's first nuclear power plant to be built on country's southern coast will be operational for 100 years, said a Russian Rosatom company official, World Bulletin reported.
After the failure of its risky exploration strategy this year, Norwegian oil firm Statoil is cutting costs as fast and deep as it can to preserve cash for dividends - and may be jeopardizing…
The Research Institute of Petroleum Industry (RIPI) successfully carried out a crude blending process, Shana news agency reported Sunday. The process will allow producers to increase the…
HSBC, National Bank of Egypt and National Bank of Abu Dhabi will arrange a $1.5 billion syndicated loan to Egypt's state oil company in order for the country to pay back foreign energy companies,…
Iranian oil producers and contractors are working with only 30 percent of capacity, deputy energy minister Seyyed Emad Hosseini warned, adding that a think-tank has been established at the oil…
Plans are underway to replace dilapidated power plants with combined cycle plants, Energy Minister Hamid Chitchian said, Mehr news agency reported Saturday.
“Building new power plants,…
OPEC’s decision to cede no ground to rival producers underscored the price war in the crude market and the challenge to US shale drillers.
Researchers at KU Leuven's Centre for Surface Chemistry and Catalysis have successfully converted sawdust into building blocks for gasoline. Using a new chemical process, they were able to convert…
Wind turbines in Nir County, Ardebil Province, will generate 660 kilowatt electricity per day after installation in late December, the county's governor said.
A petrochemical plant constructed near the city of Mahabad will be commissioned within the next two months, the mayor of Mahabad Jafar Katani told Azerbaijani reporters in Iran on November 27.…
Iran extended a contract to export electricity to Iraq by the end of 2015, Deputy Energy Minister Houshang Falahatian said, Fars news agency reported.
According to the deal, volume of…
The energy ministry is open to power generation from associated petroleum gas (APG) and will guarantee the purchase of such electricity, deputy energy minister Houshang Falahatian said, Fars news…
Region 1 of the national gas distribution plan supplied 21 billion cubic meters (bcm) of gas across Iran during the March-November period, a 9.4 percent increase compared to the same period last…
Operating reserves of gas at Gazprom’s underground storage facilities in Russia has increased to 72 billion cubic meters by the beginning of the heating season, or by 4.3% on the same period in…
Mexico will offer a total of 169 blocks between extraction and exploration in its first Round One tender to open up the country's oil fields, estimating resources at 19.945 billion barrels of oil…
After over a year of marathon sessions Iran and the P5+1 (five permanent members of the UN Security Council plus Germany) on Monday decided to keep on talking for seven more months to bridge the…
The 11th Kish International Energy Exhibition will be held in Kish Island, with the participation of national and international companies, from January 12 to 15, 2015, IRNA reported.
Energy-starved Pakistan is negotiating with Qatar to begin imports of liquefied natural gas (LNG) early next year, Pakistan's petroleum minister said on Friday.
Mehr power transmission station in Markazi Province officially came on stream on Thursday.
"Mehr is one of the pivotal transmission stations to supply electricity to Khuzestan Province,"…
The parliament will not support a bill to increase the price of energy carriers in the next Iranian calendar year (March 2015-2016) if the requisite economic underpinnings are not provided by the…
Lukoil wants to return to the Anaran project in Iran, if possible, after sanctions are lifted, Lukoil’s Chief Vagit Alekperov was quoted by Itar Tass as saying.
Oil prices hit a four-year low in the wake of the decision by the Organization of the Petroleum Exporting Countries (OPEC) not to cut output.
Chinese drilling equipments are almost 80 percent cheaper than their domestic equivalents, deputy director of the National Iranian Drilling Company (NIDC) said, Tasnim news agency reported Friday…
Regulator Ofgem set out on Friday plans for Britain's energy suppliers to invest 17 billion pounds ($26.7 billion) into renewing and maintaining the UK's electricity network and connecting its…
