Norway’s Statoil will continue to drill for oil in the Arctic Barents Sea next year even though its 2017 campaign was mostly disappointing, the company’s head of exploration told Reuters on…
Energy
The much-needed technical know-how and licenses for the development of the second phase of Kermanshah Petrochemical Industries Company will be provided by the international firm KBR, formerly a…
Plans are in place to rehabilitate Kharg Oil Terminal in the Persian Gulf, Iran's biggest crude oil loading and export facility, managing director of Iranian Oil Terminals Company said.
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State oil giant Saudi Aramco and petrochemical producer Saudi Basic Industries Corp signed a memorandum of understanding on Sunday to build a $20 billion complex converting crude oil to…
Early production from South Yaran Oilfield near the Iraqi border has started since last week, the chief executive officer of Iran's Petroleum Engineering and Development Company said.
The Italian subsidiary of multinational conglomerate Honeywell has reached an agreement to help upgrade monitoring and control technology in Iran's Tabriz Petrochemical Company, the company's…
Wintershall could make its way into Iran's petroleum market by securing the rights to develop an oilfield in the southern Khuzestan Province. Germany's largest oil and gas producer is awaiting a…
French oil and gas major Total said on Monday it had agreed to sell its stakes in two Norwegian oilfields to Statoil for $1.45 billion, as it reviews its North Sea portfolio after acquiring…
Iraq plans to construct a new pipeline to transport oil from Kirkuk to the Turkish port of Ceyhan, the Iraqi Oil Ministry confirmed on Sunday.
Oil exports from Kirkuk have been on hold…
In a bid to exceed Indian Prime Minister Narendra Modi’s climate pledges, the country announced that it will tender enough renewable energy projects over the next three years to surpass 200…
Turkey aims to have $5 billion in wind energy investments by the end of this year, with the awarding of additional wind capacity tenders, the president of Turkish Wind Energy Association,…
Iran has exported 250 million cubic meters, or just over 1 million cubic meters per day, of natural gas to Armenia since the beginning of the current fiscal year on March 21, the managing…
OPEC will have to decide whether to extend global oil cuts without knowing whether they are triggering a new flood of rival supply from US shale producers.
Representatives of major energy-exporting nations on Friday said they oppose the use of unilateral sanctions on any of their members in a dig at the United States for its moves against Russia,…
In line with efforts to complete the development project of South Pars, the first boiler for Phase 13 gas refinery went on stream on Friday, the director of Phase 13 development project said.
Iran's tanker shipping company plans to expand cooperation with Norwegian suppliers of parts for oil tankers while pushing for measures to align with global environmental standards, head of the…
Russia held its position as China’s top crude oil supplier for the eighth month in a row in October, customs data showed on Friday.
Shipments from Russia in October hit 4.64 million tons…
US oil prices jumped to a two-year high on Friday as North American markets tightened on the partial closure of the Keystone pipeline connecting Canadian oilfields with the United States.
Iran and Armenia explored grounds to develop closer collaboration in energy projects in a meeting between Hamidreza Araqi, managing director of National Iranian Gas Company, and Armenian Prime…
OPEC and non-OPEC producers, led by Russia, have crafted the outline of a deal to extend their oil production cuts to the end of next year, although both sides are still hammering out crucial…
Having access to some of the world's largest hydrocarbon resources, Iran plays a key role in determining the policies of the world's top gas exporters, First Vice President Es'haq Jahangiri said…
France added 500 megawatts of new wind power capacity in the third quarter, taking new wind capacity since the start of the year to 1,019 MW, 23% higher compared with the same period of a year…
Despite facing low levels of rainfall and hot temperatures, Iran has managed to extract 10% more electrical power from its hydroelectric dams since March 2017, the beginning of its fiscal year,…
Oil prices spiked on Wednesday with US light crude hitting highs not seen since July 2015 after faults on a major pipeline dented Canadian deliveries to the United States, where crude…
While OPEC is said to be mostly leaning toward a nine-month extension of the production cuts, Russia’s Energy Minister Alexander Novak and major Russian oil companies discussed last week a six-…
