Iran is building two new platforms for a wharf in the southern port city of Mahshahr in Khuzestan Province, deputy managing director of National Iranian Oil Refining and Distribution Company…
Energy
Hurricane Irma will pose the toughest test yet for US nuclear power plants since reactors strengthened their defenses against natural disasters following the Fukushima Daiichi nuclear accident…
Chinese conglomerate CEFC will buy a 14.16% stake in Russian oil major Rosneft for $9.1 billion from a consortium of Glencore and the Qatar Investment Authority, strengthening the energy…
High global oil inventories necessitate a renegotiation of the OPEC production cut deal from last November, Venezuelan Oil Minister Eulogio Del Pino said.
Del Pino also told reporters at…
The completion of two phases of the Persian Gulf Star Refinery in Hormozgan Province requires $1 billion in investment and PGSOC, the operator of the refinery, is mulling over different…
Iran exported over 5 billion cubic meters of natural gas in the first five months of the current fiscal year (March 21-August 22), up more than 60% from the same period last year, thanks to…
France plans to pass legislation by the end of 2017 to phase out all oil and gas exploration and production on its mainland and overseas territories by 2040, becoming the first country to do so…
Oil market trading was cautious on Wednesday, with crude demand and shipments subdued due to refinery closures following Hurricane Harvey and the arrival of an even bigger hurricane in the…
The completion of unfinished petrochemical initiatives should gain momentum with the allocation of new financial resources, a major part of which ought to come from foreign direct investment,…
Two of the most veteran oil and gas producers in the UK North Sea, namely Royal Dutch Shell and BP, still tie their future to the aging offshore basin despite a broad retreat in recent years.…
Libya and Nigeria, the two OPEC members exempt from the current oil production cut deal, have been invited to participate in the producer group's latest ministerial committee meeting on Sept. 22…
Russian Energy Minister Alexander Novak said on Wednesday he expected the 2018 price of Brent crude to be in the range of $45-55 per barrel.
Japanese companies are likely to provide €220-230 million for a petrochemical venture, dubbed Veniran Apadana Methanol Project, in the southern port city of Asalouyeh, Bushehr Province.
Gas services company SOFREGAZ S.A. signed a $42 million deal with Iran's state oil company NIOC on Wednesday on collecting and reusing natural gas that is being burned off in South Pars Gas…
The Asian Infrastructure Investment Bank has announced as much as $210 million in debt financing in order to "tap" the renewable energy potential of Egypt.
Coming off its worst economic recession and a string of corruption scandals in the highest echelons of power, Brazil is banking on a new era in its key oil industry to pull through one of the…
Attracting much-needed foreign funds and having access to cutting-edge drilling know-how are among the most essential elements to develop untapped hydrocarbon deposits in the Caspian Sea, the…
OPEC members’ compliance with the agreement to reduce output has improved in recent months, Iran’s oil minister said on Monday, noting that unofficial talks were underway among oil producing…
The UK North Sea is on track for the biggest year of oil and gas field startups in a decade, continuing the aging province’s surprising resilience to the crude market slump.
An official at the National Iranian Oil Company says Iran is mulling over three scenarios to develop Farzad-B, a large gas reservoir in the Persian Gulf.
Indonesia’s Pertamina has received a license from the government to export diesel for the first time, three sources close to the matter said on Monday, although the state oil company is planning…
About 5.5% of the US Gulf of Mexico’s oil production, or 96,000 barrels of daily output, remained shut on Sunday after Hurricane Harvey made landfall in Texas more than a week ago, the federal…
Russia’s Zarubezhneft presented the result of its technical surveys on two Iranian joint oilfields with Iraq in a meeting in Tehran on Monday.
Oil Minister Bijan Namdar Zanganeh says the ministry's top priority is to accelerate the proceedings to sign new oil and gas agreements with international contractors as a policy to defuse US…
Benchmark global oil prices fell on Monday after a powerful North Korean nuclear test triggered a shift away from crude markets to assets perceived to be safer, such as gold.
Brent crude…
