In lines with efforts to boost output in Karoun Oil and Gas Production Company, operations to drill a series of developmental and repair wells have been completed successfully in the last 10…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
BP’s profits more than doubled in 2017 to $6.2 billion due to a large increase in oil and gas production, as the company resumed share buybacks in a sign it had left a three-year downturn behind…
Oil and Natural Gas Corp. is facing a delay of at least a year in starting production from its biggest project, according to people with knowledge of the matter.
Reducing electricity wastage in the national power grid and promoting prudent consumption can help tackle the country's occasional power shortage, a deputy at Iran Power Generation, Distribution…
Exporting natural gas to Europe is more lucrative than selling it to neighboring states, yet measures need to be taken to tackle its potential challenges.
Hamidreza Araqi, managing…
Gas processing facilities of Hengam oil and gas field on Qeshm Island in the Persian Gulf are planned to come on stream in the near future, the managing director of Iranian Offshore Oil Company…
Iran's oil price staged the third highest surge among international benchmark crudes in the week to Jan. 26, following the US West Texas Intermediate and Brent.
China’s Sinopec said it received on Tuesday the first cargo of liquefied natural gas delivered to its Tianjin LNG terminal in the north of the country.
Quality control tests conducted on gasoline distributed in 17 major Iranian cities indicate a considerable improvement in the fuel's quality, the director of Iran Standard and Quality Inspection…
China’s natural gas production is rising at the fastest pace in four years, but that will not be sufficient to meet the demand for the fuel unleashed through a government program to raise gas…
The liquefied natural gas market is growing every year, but the terminals that ship and receive the fuel are shrinking.
The booming sector’s next-generation infrastructure is being…
Oil fell for a second day on Monday, nearing its lowest in a month, as rising US output and a weaker physical market added to the pressure from a widespread decline across equities and…
Iran needs over $40 billion in investment to prevent natural gas pressure from dipping in the giant South Pars Gas Field in the Persian Gulf by 2023, Oil Minister Bijan Namdar Zanganeh announced…
Iran has outpaced Iraq's crude extraction rate from the shared West Karoun block in the southern Khuzestan Province, the chief executive officer of Iran's Petroleum Engineering and Development…
Goldman Sachs Group Inc. hiked its short-term crude oil price forecast by as much as 33%, saying the market is now likely balanced.
South Australia’s state premier Jay Weatherill announced a plan on Sunday to create a network of 50,000 home solar systems backed by Tesla Powerwall batteries, ahead of a state election in March…
In the current week marking the 39th anniversary of the Islamic Revolution, 100 water and wastewater plans in urban and rural areas worth over 100 trillion rials ($2.1 billion) will come on…
Oil Minister Bijan Namdar Zanganeh said on Sunday the country's oil output has increased by 165,000 barrels per day in the last 10 months compared with the corresponding period of last year.…
Germany has allowed Russia’s Gazprom to build and operate the Nord Stream 2 gas pipeline in the country’s territorial waters.
The decision comes as bad news for Poland, which fears…
Foreign investors have finalized $12.3 billion worth of contracts in Iran’s power sector, the energy minister said in an interview with the state television on Sunday.
Bushehr Nuclear Power Plant's first unit in southern Iran has generated 27.5 million kilowatt-hours of electricity since it went on stream in 2011.
Exxon Mobil Corp said on Friday that it expects global oil demand to drop sharply by 2040, if regulations aimed at limiting the impact of greenhouse gas emissions on climate are fully…
The incumbent US administration may be preparing a very bad surprise for the renewable energy industry and environmentalists with a proposal to cut funding for clean energy and energy efficiency…
Oil prices fell on Friday as the dollar surged following strong US jobs numbers, though compliance with output cuts by OPEC and rising global demand kept much of the early-year oil rally in…
Iran's state operator of thermal power plants is on pace to divest a spate of power stations to reduce the government's footprint in the key energy industry.
