A deal between Tehran and French energy company Total to develop Phase 11 of the South Pars Gas Field in the Persian Gulf has been approved by the top domestic body that oversees oil and gas…
Energy
Oil Minister Bijan Namdar Zanganeh inaugurated a gas pipeline on Tuesday that will ensure a steady supply of clean fossil fuel to northern regions, particularly in the cold season when demand…
OPEC output rose last month by 90,000 barrels per day to a 2017 high, a Reuters survey found, led by a further recovery in supply from Libya, one of the countries exempt from a production-cutting…
Tokyo will begin discussions on revising the country’s basic energy plan next week, Japan’s Minister of Economy, Trade and Industry Hiroshige Seko said, although he expects no change in the basic…
Oil rose on Monday, putting July on track to become the strongest month this year, as news of a producers' technical meeting next week added to bullish sentiment driven by the threat of US…
Royal Dutch Shell Plc plans to cut more than 400 jobs in the Netherlands, mainly at its major projects and energy technology operations, as the oil giant shifts its business model in response to…
Alphabet Inc's secretive 'X' company, which hatched Google's driverless car almost a decade ago, is working on an advanced system for storing renewable energy that would otherwise be wasted.
The Iranian Oil Pipeline and Telecommunications Company is implementing a data collecting system for pipelines, known as supervisory control and data acquisition (Scada), the company’s director of…
Electricity demand in Iran during the fiscal 2016-17 rose by 2,700 megawatts, which is more than the average consumption level of Armenia at 1,800 MW, a deputy energy minister said on Monday.
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Tehran and Islamabad should come to a resolution on a protracted project for the export of Iran's natural gas to Pakistan through a pipeline, the deputy oil minister for international affairs said…
Imports of Iranian crude by major buyers in Asia fell for a second month in a row to a 14-month low in June, weighed down by sluggish purchases by China and Japan.
Royal Dutch Shell has suspended loadings of oil products from the Pernis refinery after a fire caused the shutdown of most of its production. The extent of damage was being investigated. The night…
South Korea's Hyundai Heavy Industries has won a contract worth $600 million from Vitol, the world's largest independent oil trader, for as many as eight gas tankers. The world’s largest…
The National Iranian Drilling Company has completed drilling operations at two developmental wells in the joint South Azadegan oilfield in Khuzestan Province, the director of the project said on…
Iran's crude oil traded near $47 per barrel in the week to July 21, increasing more than 6% from the end of last month and reflecting a recovery in the global market.
Caution lights are flashing for the oil industry.
Facing lower-than-expected commodity prices, drillers from ConocoPhillips to Hess Corp. to Statoil ASA have slashed their capital spending…
In line with efforts to play an active role in the development of South Pars Gas Field's Phase 11, domestic oil and gas equipment manufacturers are planning to establish a consortium for the…
China's import of US crude oil crossed 1 million tons for the first time in June, an eightfold rise year-on-year, as elevated Dubai prices prompted both state and independent refiners to use it as…
JPMorgan Chase will rely solely on renewable energy by 2020, the company said in a statement. To meet its goal, the banking and financial services company will install on-site renewable energy…
Iran produced some 18 million tons of petrochemicals and polymers in the first four months of the current fiscal year (March 21-July 22), meeting nearly one-third of its production target for the…
Iran's crude oil exports to European Union countries in the first four months of the year reached 9.31 million tons, more than six times higher than those in the corresponding period last year.…
Oil prices edged higher on Friday, reaching new two-month highs and posting the strongest weekly percentage gains this year as investors digested signs of an easing oversupply.
Representatives of some OPEC and non-OPEC nations will meet in Abu Dhabi, the UAE, on Aug. 7-8 to discuss why some of them are falling behind in their pledges to cut production, an OPEC statement…
Many outdated Iranian oil and gas refineries are posting losses or hardly operating at breakeven point, but a new wave of foreign investments will help the aging facilities significantly bump up…
The Oil Industries Engineering and Construction Company (OIEC) and Russia's Gazprom Neft signed a memorandum of understanding on Thursday in the Russian city of St. Petersburg to join forces in…
