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…
Energy
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.…
Oil prices on Friday slipped away from December-2014 highs reached the previous day.
More than 90% of power stations in Iran are running on natural gas as feedstock and concerted efforts are being made to stop using fuels like mazut to generate power by the end of the current…
Venezuela’s crude oil sales to the United States fell for a second month in a row in December, knocking the year’s average to 593,047 barrels per day, the lowest annual level since 1991,…
Saudi Arabia has shortlisted New York, London and Hong Kong—singly or in a combination of two or even all three—for the international portion of the listing of national oil company Aramco, two…
The stricken Iranian oil tanker Sanchi keeps exploding, hampering efforts to extinguish the fire and rescue survivors, state media Xinhua said on Friday, citing the Chinese Ministry of Transport…
Iran's light crude oil extended its rally to its highest level of above $66 a barrel in more than two years on the back of a bull run in global markets.
The country's light crude settled…
Close to 178 billion cubic meters of natural gas were consumed in the nine months that roughly coincides with March and December, 6.6% higher compared with the same period of the previous year…
US crude oil production is expected to surpass 10 million barrels per day next month, en route to an all-time record months ahead of previous forecasts, the US Energy Information Administration…
China is set to dominate global construction and financing of clean energy after record investment in overseas ventures and takeovers last year.
Natural gas and oil are crucial cogs in the world's energy mix, but they can be a big drain on water resources. "For every barrel of oil we get out of the ground, we typically use about 10…
The stricken Iranian oil tanker in the East China Sea could burn for as long as one month, South Korea’s Ministry of Oceans and Fisheries told Reuters on Wednesday, as the blaze raged for a…
The venture to build the demercaptanization of gas condensate (DMC) unit at the South Pars 2nd Refinery (belonging to phases 2 and 3) has received fresh impetus, as utility units are readied for…
Goldman Sachs and Citigroup are poised to take a major role in the sale of a portion of Saudi Arabia's state oil giant, which is expected to be the biggest initial public offering ever,…
Oil prices hit their highest levels since 2014 on Wednesday due to ongoing production cuts led by OPEC as well as healthy demand, although analysts cautioned that markets may be overheating.
