In an effort to increase the share of natural gas in its energy supply, China’s state energy company Sinopec plans to nearly triple receiving capacity for liquefied natural gas by 2023 and to…
Energy
Indian Oil Corp, the country’s biggest refiner, will spend $22 billion on its expansion over the next five years, eying a capacity boost to 3.2 million barrels daily by 2030.
Oil prices inched up on Tuesday as rising Russian output and expectations of a reduction in Saudi Arabian crude prices were offset by a potential slowdown in US production.
The Iraqi Cabinet on Sunday approved a plan to raise the nation’s oil output capacity to 6.5 million barrels per day by 2022, according to a government statement. Iraqi Oil Minister Jabar al-…
Production from Azar Oilfield, currently at 30,000 barrels per day, will reach 60,000 bpd upon the completion of operations to drill new wells in the field, manager of the development project…
Iraq plans to award oil and gas exploration and development contracts in 11 new blocks on April 15, oil ministry spokesman, Asim Jihad, said on Sunday.
The country had initially set June…
Russian oil output rose slightly in March to an 11-month high of 10.97 million barrels per day, above a quota agreed under a global pact to curb production, energy ministry data showed on Monday…
Oil prices rose on Monday, lifted by a drop in drilling activity in the United States.
US WTI crude futures were at $65.20 barrel, up 26 cents, or 0.4%, from their previous settlement.…
Turkmenistan is exploring options on gas swap deals with Iran to export its fuel to markets further afield, Iranian President Hassan Rouhani reportedly said during a visit to Ashgabat on March…
Bahrain said on Sunday it had discovered the country’s largest oilfield in decades, located off the west coast of the kingdom, according to state news agency BNA. The new tight oil and…
The second gas sweetening train of the South Pars Gas Field's Phase 13 in Persian Gulf will go on stream in April, less than a month of implementing its first train, the director of Phase 13…
Iran plans to add close to 3,000 megawatts to its power plant capacity in the current fiscal (started March 21), boosting it to 80,000 MW, the energy minister said.
Iran's petrochemical complexes have produced nearly 50 million tons of goods in 11 months ending Feb. 19, of which 20 million tons worth almost $11 billion were exported to international markets…
Abu Dhabi National Oil Company said on Sunday it has signed 40-year agreements with France’s Total, awarding the company a 20% stake in the Umm Shaif and Nasr offshore oilfields and a 5%…
ExxonMobil is working with a group of Pakistan’s large businesses on a proposal to build and supply the country’s third import terminal for liquefied natural gas, the country’s minister for…
Italian oil major Eni hiked its dividend on Friday and held out the prospect of a share buyback after promising higher growth in production and more cash.
Eni was the first oil major to…
Better technology could reduce the average production costs of all oil and gas resource classes by about 30% per barrel of oil equivalent by 2050, oil and gas supermajor BP said in its …
Energy Minister Reza Ardakanian left Tehran for Brasilia, Brazil's capital, on Sunday to attend the Eighth World Water Forum, themed 'Sharing Water' scheduled for March 18-23.
The United States of America and its regional ally Saudi Arabia are making a lot of efforts to squeeze Iran's share in its traditional oil markets in East Asian countries.
With the aim of producing Euro-5 diesel in Shiraz refinery, the company has recently conducted negotiations to sign an agreement with a multinational company, Honeywell UOP, over the purchase of…
South Zagros Oil and Gas Production Company, a subsidiary of the National Iranian Oil Company, has produced over 58 billion cubic meters of natural gas during the current fiscal that ends on…
Oil prices jumped on Friday, with Brent crude futures hitting their highest in more than two weeks.
Brent futures rose $1.09 to settle at $66.21 a barrel, a 1.7% gain. During the session…
Ukraine’s state-held gas company Naftogaz and Russia’s gas giant Gazprom will meet by the end of March to discuss the new dispute over gas supplies between the two countries, the Ukrainian…
California cities and counties seeking to hold five of the largest oil companies accountable for their contribution to climate change through a trio of lawsuits will make their case in…
The Italian oil major Eni will discuss sanctions against Russia with authorities in the European Union and the United States to gain clarity on the economic rivalry forming between US President…
