Concurrent with the gradual rise in the country's natural gas consumption, Iran Gas Engineering and Development Company has started a new round of surveys to increase the number of natural gas…
Energy
Russia and Saudi Arabia are not losing sleep over an American shale oil boom.
"Demand is growing ... I don't think we should worry," Saudi Energy Minister Khalid al-Falih said at the…
Royal Dutch Shell has spent over $400 million on a range of acquisitions in recent weeks, from solar power to electric car charging points, intensifying its drive to expand beyond its oil and…
The oil rally paused for breath on Friday after hitting fresh three-year highs in the previous session, but weakness in the dollar continued to underpin prices.
Brent crude futures stood…
Iran is likely to finalize a number of new contracts with foreign companies to develop oil and gas fields in the next three to four months, Amir-Hossein Zamaninia, Iran’s deputy oil minister for…
Baghdad Governorate is discussing the prospect of raising gas import from Iran to ensure its power stations constantly run next summer, the secretary-general of Iran-Iraq Chamber of Commerce…
The maritime authorities of China, Panama, Iran and Hong Kong on Thursday signed an agreement to jointly investigate a collision in the East China Sea, which caused the worst oil ship disaster…
China’s state planner said on Friday it will launch a fresh crackdown on oil refiners that expand capacity without official approval, the latest sweeping move by Beijing to curb unfettered…
A deadly fire erupted on Wednesday at a huge fuel storage tank in the southern port city of Bandar Abbas, Hormozgan Province, killing three people and sending a pall of black smoke into the air…
Oil prices slipped on Wednesday, under pressure from a rise in US crude and gasoline inventories although crude remained near three-year highs.
Brent futures eased 24 cents to $69.72 a…
In line with efforts to boost natural gas output from South Pars Gas Field in the Persian Gulf, the first offshore platform of the field's Phase 14 was successfully installed, director of Phase…
US and European oil majors are filing in with offers to help Qatar develop new gas projects, the country’s energy minister said, despite a protracted crisis in the Persian Gulf region and…
The black boxes for the tanker Sanchi and the freighter CF Crystal, the two vessels that collided in the worst oil ship disaster in decades, have been opened, ISNA reported on Wednesday.
Iran is pursuing plans to connect its power grid with European electrical systems, and Armenia, a nation of about 3 million people northwest of Iran, is seen as playing a key role in the linkup…
The potential to reach the vast Chinese investing public will eventually bring Saudi Aramco to list in Hong Kong, even if the oil giant skips over the special administrative region for its first…
Iran and Iraq have reached an agreement to jointly develop two shared oilfields in the southern Khuzestan Province, according to a deputy at the National Iranian Oil Company.
Oil Minister Bijan Namdar Zanganeh has announced that five phases of the South Pars Gas Field in the Persian Gulf will go on stream in the next fiscal year (starting March 21).
“Of the…
Five workers were missing after a fiery explosion on Monday at an oil and gas drilling site in eastern Oklahoma, officials said.
Oil prices rose on Tuesday, lifted by healthy world economic growth prospects and production curbs by OPEC, Russia and their allies. Brent crude futures were up 28 cents at $69.31 a barrel, not…
The pledge made by Saudi Arabia and Russia to keep working together on managing the oil market beyond 2018 shows the two energy giants are now looking to engineer an orderly exit from the deal…
France will decide by the end of this year how many nuclear reactors it wants to close in order to reduce the share of nuclear in power generation, the energy minister said on Monday.
Companies, led by tech giants such as Apple Inc. and Facebook Inc., are snapping up more clean energy than ever, even as shifting environmental policies from the US to Europe threaten the…
Serious negotiations are underway with Japan International Cooperation Agency, or JICA, to finance the renovation of major power plants in the country, the Thermal Power Plants Holding Company's…
Oil prices climbed on Monday, pushed higher by comments from Saudi Arabia that cooperation between oil producers who are withholding supplies would continue beyond 2018.
Brent crude…
In line with plans to boost liquefied petroleum gas exports, work is underway to build an exclusive loading pier for liquefied petroleum gas, or LPG, at Tombak Port, approximately 50 kilometers…
