The world's largest oilfield services company said its revenue is continuing to grow in North American shale and even internationally, as the industry slowly creeps toward a rebound.
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Energy
An international petrochemical conference is scheduled to be held in Tehran on November 26-27, bringing together some of the world's biggest companies to learn about opportunities in Iran's…
Royal Dutch Shell has opened negotiations to sell Iranian jet fuel in international markets, chief executive officer of the National Iranian Oil Products Distribution Company said.
"Shell…
Italy's Saipem is likely to get a subcontractor role in a new project to produce liquefied natural gas in the Arctic by Russia's Novatek, one of Novatek's partners said.
The South Zagros Oil and Gas Production Company is planning to produce a total of 66 billion cubic meters of natural gas in the fiscal 2017-18 that ends in March, almost 6% higher than last year's…
Oil rallied on Monday, erasing early losses after leading OPEC producer Saudi Arabia pledged to cut its exports to help speed up the rebalancing of global supply and demand.
Saudi Energy…
Gas production from an offshore Iranian project in the Persian Gulf, which is being developed by France’s Total and its partners, will commence in early 2021, Oil Minister Bijan Namdar Zanganeh…
A rebalancing of oil market is progressing more slowly than expected, but it will speed up in the second half of the year, OPEC Secretary-General Mohammad Barkindo said on Sunday.
Saudi Arabia seems to be finally doing what it takes to reduce the world's most visible oil glut: the one in the US. But, its renewed vigor comes as OPEC's deal to reduce excess crude stockpiles…
Despite the rise in domestic gasoline consumption in the last few weeks, the government has no plans to introduce quotas or raise gasoline prices, managing director of the National Iranian Oil…
A highly-anticipated meeting of oil ministers from the Organization of Petroleum Exporting Countries and some non-OPEC producers on Monday could make or break oil prices that have already tumbled…
A photovoltaic power project is scheduled for launch later this week in the city of Mahan, Kerman Province, marking the completion of a Swiss-German venture in the Iranian renewable industry…
Iraq has been the biggest customer of Iran's electricity over the last four years.
The western Arab neighbor imported 36.5 billion kilowatt-hours of electricity from Iran between March 2013…
China’s diesel and gasoline exports surged in the first half of the year, as a domestic supply glut and slowing demand growth prompted refiners to sell more fuel abroad.
Iran is studying the technical and financial terms of agreements with French company Total and Royal Dutch Shell on the construction of petrochemical plants in the country and will sign contracts…
When oil producers meet Monday, their alliance will look frayed, showing just how tough their goal of stabilizing the world oil market has been, analysts say.
There is much focus on the…
Oil prices slid on Friday, settling about 2.5% lower after a consultancy forecast a rise in OPEC production for July despite the group's pledge to curb output, reigniting concerns the global…
After a brief respite at the start of the year, the world's top oil and gas companies are set to double down on cost cutting, as a recovery in crude prices after a three-year slump falters.
The Kuwaiti oil minister said on Friday the compliance of oil producers with a global pact on reducing crude supplies was good. "Compliance is good and offers hope" for it has reached 106% by OPEC…
An unnamed Italian company has sealed an agreement to build a solar power plant in the southern province of Hormozgan.
"The solar power station will have a power generating capacity of…
In line with plans to fight illegal electricity use and renovate national power grid to minimize outages, electricity wastage in the national grid has been cut to 10.7% from 15.2% in less than…
OPEC’s crude oil production is expected to increase by another 145,000 barrels per day in July over June, driven by higher production in Saudi Arabia, Nigeria and the UAE, a company which tracks…
Iran's oil minister said there will be no ambiguities in payments and financial transactions pertaining to the gas deal with French energy company Total.
Iran’s total installed capacity of renewable energy production will reach 1,000 megawatts, or 1 gigawatts, by the end of the current fiscal in March 2018, said the managing director of Renewable…
Iran's average gasoline production stands at 66 million liters per day, chief executive officer of the National Iranian Oil Products Distribution Company said.
