Oil supermajors are getting back to their normal way of life after surviving a price slump that shook the foundations of their business, with BP Plc giving the boldest signal yet that the worst…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
French oil company Total has postponed an investment decision on development of the Absheron gas and condensate field in the Azeri sector of the Caspian Sea until spring 2018 from December, the…
Oil rose to its highest since mid-2015 on Wednesday as data showed OPEC has significantly improved compliance with its pledged supply cuts and Russia is also widely expected to keep to the deal…
A major water supply project in the city of Tehran, dubbed as Tehran Water Ring, will go on stream in four years, the managing director of Tehran Province Water and Wastewater Company said on…
Top oil exporter Saudi Arabia will hike December crude prices for customers in Asia to levels last seen in 2013 or 2014, a Reuters survey showed, with OPEC-led output cuts and robust demand…
Negotiations are underway between Iran and India over a deal to develop a major offshore gas deposit in the Persian Gulf, but the two sides are at odds over the price of Iran's natural gas,…
Norway's Offshore Resource Group signed a memorandum of understanding with Khazar Exploration and Production Company to the study the development of Sardar-e Jangal oil and gas field off Gilan…
Malaysia's state oil company Petronas submitted its development proposals for Azadegan Oilfield, the country's largest oilfield located in the southern oil-rich province of Khuzestan. According…
Imports of Iranian crude by major buyers in Asia rose in September for a third straight month to their highest since March, boosted by a surge in purchases in China and South Korea.
Oil prices steadied on Tuesday after a week of gains, as the prospect of increasing US exports dampened bullish sentiment that has driven Brent to more than two-year highs of over $60 per barrel…
Iran plans to raise natural gas production to 1 billion cubic meters per day by March 2019, Oil Minister Bijan Namdar Zanganeh said on Tuesday.
The second Bushehr Nuclear Power Plant entered a new development phase on Tuesday, as works began on digging the foundation for the plant's reactor close to Iran's first and only nuclear power…
Oil will likely rally into 2018 with periods of volatility, as an anticipated extension of OPEC-led output restrictions offsets higher US production, a Reuters poll showed on Tuesday.
Efforts are underway to bring under control a deadly blaze that ripped through an oil well in the southern Khuzestan Province last week.
On Sunday, two workers were killed after fire…
Brent oil held above $60 a barrel on Monday, near its highest since mid-2015, on expectations OPEC-led production cuts would be extended beyond March, although rising Iraqi exports put a lid on…
The UAE will continue to reduce its oil output to meet its commitment to a global oil production cut agreement, its Energy Minister Suhail al-Mazroui said.
Streamlining the process of attracting foreign finance can help domestic petrochemical companies to diversify their products, the head of the Energy and Environment Commission of Tehran Chamber…
Preserving water resources and reforming the national wastewater system amid a chronic water crisis are front and center to plans of Reza Ardakanian, Iran's new energy minister who boasts…
The first hybrid solar and wind power system in the northern Mazandaran Province was officially launched on Monday, a small-scale but important venture that could help reshape the region's power…
Iranian Offshore Oil Company installed the jacket of platform F-18 for Forouzan Oilfield near Kharg Island, which is shared by Iran and Saudi Arabia in the Persian Gulf, chief executive officer…
The disparity between real electricity prices, which include the costs for generation and transmission, and what consumers pay for electrical power has compelled the government to pay 70…
Oil prices will edge up to $56 a barrel next year from this year’s $53 a barrel level on rising demand, continued production cuts from producers and stabilizing US shale output, the World Bank…
Crown Prince Mohammed bin Salman on Saturday reiterated Saudi Arabia’s readiness to support the extension of a global oil production cut agreement.
France will detail at the end of 2018 how many nuclear reactors will close to meet a target on reducing atomic energy, Environment Minister Nicolas Hulot told French daily Le Monde on Saturday.…
The world's biggest western energy companies are on track to post the highest annual profits since the oil market crashed three years ago and forced them to restructure for a prolonged era of…
