Emergency workers battled on Sunday to contain an oil spill near a joint Kuwaiti-Saudi oilfield in the Persian Gulf.
No official reports were available on the source or size of the leak…
Energy
Gasoline production in the Persian Gulf Star Refinery in the city of Bandar Abbas, Hormozgan Province, has exceeded 320 million liters since its official inauguration in April, chief executive…
Iran sees the prospect of raising natural gas exports by more than twice the current level in a few years while facing challenges to tap into some of regional markets.
Oil and gas company Dragon Oil shipped an oil cargo from Turkmenistan to Neka Port in northern Iran for swap through the Persian Gulf, marking the first swap operation by Iran since 2010.
India shipped in 502,000 barrels a day of crude oil from Iran last month, the Oil Ministry said in a report. That is more than 16%, or 83,000 bpd, higher than the purchases in June, ISNA…
The Oil Ministry has endorsed six domestic companies to develop oil and gas fields, adding them to the list of 11 enterprises already approved to operate in Iran's upstream petroleum sector.
The National Iranian Oil Refining and Distribution Company said imported gasoline meets the country's strict emission standards, denying speculations about the low quality of the fuel.
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The British government has been accused of undermining its own efforts to tackle climate change after new research revealed it is investing twice as much in fossil fuel projects overseas as it…
Shale oil production in the largest US oilfield should rise by as much as 300,000 barrels per day by December, according to updated forecasts following the industry's latest quarterly results.…
Venezuelan state oil company PDVSA's revenue from oil and fuel sales in 2016 dropped 34% from the previous year to $48 billion, the company said in its annual financial results published Friday…
With a record corn crop in the silos, Brazilian company FS Bioenergia on Friday inaugurated the country's first ethanol plant processing only corn in the heartland of the South American grains…
A preliminary agreement to develop Siraf Refining Park, a major downstream project in the city of Siraf in the southern Bushehr Province, will be finalized by the end of the current fiscal year…
Two phases of South Pars Gas Field in the Persian Gulf will be overhauled later this month.
"The maintenance and overhaul of South Pars phases 2 and 3 will begin on August 20 and is…
Iran increased crude oil production last month along with most other OPEC producers as the 14-nation group continues efforts.
Plans are in place to bring the level of gas flaring in the giant South Pars Gas Field to zero and prevent up to 400 million cubic meters of associated petroleum gases from burning off annually…
The Petrochemical Research and Technology Company of Iran signed a memorandum of understanding this week with France's Air Liquide Engineering and Construction Company on transferring state-of-…
Saudi Arabia favors New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and low-risk…
State-owned oil and gas company Pertamina is awaiting a decision on the new Iranian Cabinet lineup in connection with its agreement to manage the country's Abteymour and Mansouri oilfields…
OPEC said Iraq, the UAE and Kazakhstan—who have lagged in their implementation of a deal to cut production—affirmed their commitment to the accord at a meeting in Abu Dhabi.
“All…
Governments spent $5.3 trillion to subsidize fossil fuels in 2015 and pay for their economic impacts, adding up to an eye-popping 6.5% of global gross domestic product, according to a study by…
More than 1.3 million tons of petroleum products have been exported to neighboring states through land borders over the last four years, deputy for exports and imports at the National Iranian…
Oil rose further above $52 a barrel on Wednesday ahead of a US inventory report expected to show crude stocks dropped for a sixth week, although gains were capped by doubts about compliance with…
The US Energy Information Administration continues to expect US production to rise over the next two years and cross the 10 million barrels per day threshold in November 2018. It sees output…
Domestic experts managed to recondition a gas turbine on an offshore oil platform in a technically complicated operation that precluded unwanted costs by $2.5 million.
Ghadir Investment Company, a major Iranian conglomerate, signed a trilateral memorandum of understanding on joint investments in oil and gas field development projects with Russia's state-owned…
