Royal Dutch Shell agreed on Monday to acquire a stake in a US solar company, 12 years after exiting the sector, in the latest series of deals to grow beyond its core oil and gas business.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Asian importers of Iranian oil reacted coolly on Monday to the possible reimposition of US sanctions against Tehran later this year after US President Donald Trump on Friday maintained the 120-…
Goldman Sachs said on Tuesday that crude oil prices are likely to exceed its forecasts for the coming months due to rising demand and strong compliance to production cuts.
Iran is scheduled to send a new condensate cargo to South Korea this week, signaling a return of oil exports to the East Asian country following the tragic sinking of its previous South Korea-…
South Korea’s imports of Iranian crude oil dropped 30.6% in December from the year before, while inbound shipments from the Middle Eastern nation over the whole of 2017 jumped by 29.1%, customs…
In line with plans to boost Ilam Petrochemical Complex's output in the western Ilam Province, the construction of two olefin production plants and a sulfur recycling unit (SRU) in the complex is…
Venezuela’s oil production has increased to near 1.9 million barrels per day after hitting a historic low last year, according to Manuel Quevedo, oil minister and head of state oil firm PDVSA,…
Oil prices held closely below December 2014 highs on Monday, supported by production cuts by OPEC and Russia, although the market was capped by a rise in US and Canadian drilling activity that…
Iranian-owned tanker Sanchi on Saturday fell apart and sank in the sea off the coast of China after burning for eight straight days following a maritime collision.
Iran’s petrochemical output reached nearly 40 million tons in nine months, the National Petrochemical Company said in a report.
According to NIPNA, the country’s 57 petrochemical…
Some 100 meters from the infamous Reactor Four at the Chernobyl nuclear plant, a new solar project has been built, providing hope of salvaging something positive from the disaster zone. The 3,…
Iraqi Oil Minister Jabar al-Luaibi said on Saturday the OPEC member’s oil output capacity is nearing 5 million barrels per day, but the country will remain in full compliance with its output…
Iran's landmark gas deal with French energy firm Total is moving ahead, Oil Minister Bijan Namdar Zanganeh said in a statement, lending confidence to the country's biggest energy contract since…
Qatar Energy Minister Mohammed al-Sada said it is premature to discuss an exit strategy from a global oil supply-cutting pact and supports the continuation of the agreement, a Qatar News Agency…
In line with efforts to protect the environment against the devastating effects of industrial contaminants, Jam Petrochemical Company in the southern Bushehr Province has spent $28 million on…
Iran is ready to build the onshore stretch of a major gas pipeline project that would transfer natural gas from the Persian Gulf to Oman south of the Sea of Oman, the chief executive…
Upgrading the South Pars Gas Field’s central power plant to the combined-cycle system has been planned, which can use both gas and steam to generate electricity, the director of production at…
An Iranian oil tanker has sunk after burning for more than a week following a collision on Jan. 6 in the East China Sea, Chinese state media said on Sunday, adding that large amounts of oil are…
Oil producers may be enjoying oil prices at $65-70, but these price levels are likely to encourage even more oversupply from US shale, Fatih Birol, the executive director of the International…
A Chinese salvage team recovered two bodies on Saturday from a stricken Iranian oil tanker that was still blazing a week after it caught fire and was left adrift following a collision in the…
Russia may be on its way out of the OPEC output reduction deal, the country’s Energy Minister Alexander Novak announced.
Novak might discuss the country’s potential exit from the pact in…
Wind power accounted for a record high of 43.4% of the total electricity consumption in Denmark in 2017, official data released on Thursday showed.
Iran commenced work on a pipeline on Friday to transfer ethylene from Miandoab in West Azarbaijan Province to feed a petrochemical plant in Tabriz, East Azarbaijan Province.
Oil prices rose for a sixth day on Friday after Russia’s Energy Minister Alexander Novak said global crude supplies were “not balanced yet”, alleviating market concerns about a wind-down of the…
Domestically-manufactured wind turbine transformers are being mass produced and plans are in place to export them to neighboring states, the managing director of Iran Transfo Corporation said.…
