In line with plans to raise crude output by developing shared reservoirs with Iraq, plans are underway to commence the second phase of West Karoun oil block development, the deputy head of the…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Crude oil production from the offshore Abouzar Oilfield in the Persian Gulf is set to increase by 12,000 barrels per day.
"The field's production is expected to rise via newly-installed…
Chevron Corp. had its best year of oil and natural gas discoveries in more than half a decade as rebounding energy prices lifted drillers out of the worst slump in a generation. Chevron found…
China's Petroleum and Chemical Corporation, known as Sinopec, is in talks with Iran's Petroleum Engineering and Development Company on developing the second phase of Yadavaran Oilfield in the…
Wall Street’s biggest banks have changed sides and are embracing a surge in oil prices.
Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co. have all issued a flurry of…
Oil rose for a third day on Friday after a survey showed strong compliance with output cuts by OPEC and others, including Russia, offsetting concerns about surging US production.
Brent…
Iran is burning off record amounts of natural gas to weather heavy snowfalls and freezing temperatures sweeping across many parts of the country over the past week, the National Iranian Gas…
A 492-megawatt combined-cycle power plant was inaugurated on Thursday in the city of Samangan in the central-eastern Kerman Province in a ceremony attended by Energy Minister Reza Ardakanian.
Clumps of oil have washed up on the shores of southern Japan and there are fears they may be leaking from an Iranian crude tanker that sank in the world’s worst such disaster in decades, the…
Saudi Arabia’s state oil giant Saudi Aramco and Google’s parent company Alphabet have entered into talks about potentially building a big technology hub in Saudi Arabia, The Wall Street Journal…
French oil and energy group Total said on Wednesday it had made a significant oil discovery at the Ballymore prospect in the deep offshore in the US Gulf of Mexico, its largest discovery in the…
The National Iranian Oil Company is awaiting further investigation into the disastrous fate of its oil tanker Sanchi, as it aims to eschew a diplomatic showdown with China over one of the worst…
Oil prices are unlikely to advance higher than $70 a barrel in 2018, with the market caught between the opposing forces of OPEC-led production cuts and surging US output, a Reuters poll showed…
Iran is being paid for its crude oil exports without any problem, the deputy oil minister for international affairs said, adding that the country's crude revenues verged on $50 billion in the…
Oil fell for a third day on Wednesday, but remained on track for its biggest gain in January in five years, in spite of data that showed US crude stocks rose more than expected last week and a…
Natural gas consumption in Iran's household sector hit 550 million cubic meters on Monday, as cold weather continued to sweep across many regions, the spokesman of National Iranian Gas Company…
National Iranian Oil Company’s Department of Reservoir Management is assessing development proposals submitted for Karanj Oilfield, a reservoir in Khuzestan Province, by Pergas Consortium, a…
Iraq is expected to start crude oil exports from its northern Kirkuk Oilfield to Iran next week, an Iraqi oil official said.
Alaa al-Yasiri, acting director general of Iraqi state oil…
Turkmenistan-Afghanistan-Pakistan-India gas pipeline project is unlikely to pose a challenge to a postponed plan to export Iran's natural gas to Pakistan, Oil Minister Bijan Namdar Zanganeh said…
Energy Minister Reza Ardakanian on Tuesday inaugurated a power plant project in the town of Parand near Tehran and broke ground on several water supply and electricity generation ventures,…
Indecision over where to list the shares of the world's largest energy company is reportedly playing a major role in holding up what is expected to be the biggest-ever initial public offering.…
Oil fell on Tuesday for a second day as a strengthening dollar dented risk-linked assets, such as equities and other commodities, together with rising US output, pushing the price below $69 a…
Britain probably will risk more energy supply shortages after leaving the European Union, a panel of lawmakers from the House of Lords said, adding to pressure on the government to bring forward…
Plans are underway to finalize a contract to develop Mansouri Oilfield, a reservoir of 3.3 billion barrels of crude south of Iran, by early March, the chief executive officer of National Iranian…
Pardis Petrochemical Company has signed a memorandum of understanding with KBR, an American technology and services provider, to improve its processes and equipment.
The preliminary…
