BP CEO Bob Dudley said Tuesday he is not counting on oil prices rising much beyond their current levels for years to come.
"We are not planning on an uptick in the prices. We are going to…
Energy
South Pars Oil and Gas Company (SPOGC) has curbed the flaring of natural gas at the so-called 3rd South Pars refinery in the city of Asalouyeh, Bushehr Province, by 70% in the present fiscal year…
The government is now supplying Euro-4 quality gasoline to around two dozen cities, but plans are in place to expand retail sale of the high grade fuel to all Iranian cities within three years as…
Russia's Gazprom Neft plans to present a preliminary plan for developing two Iranian oil and gas fields — Changuleh and Cheshmeh Khosh — in April, while the final proposal is…
Five natural gas compressor stations are expected to be inaugurated in Isfahan and Fars Provinces on Thursday by First Vice President Es'haq Jahangiri and Oil Minister Bijan Namdar Zanganeh, the…
French water reservoirs used for hydropower generation are at their lowest levels since March 2003, electricity grid operator RTE said on Tuesday.
Oil futures fell in Asian trade on Wednesday after industry data pointed to a potential ninth straight week of inventory builds, renewing concerns about an oversupply of oil despite output curbs…
OPEC and non-OPEC oil producers, in an impromptu press briefing, reaffirmed their commitment to their production agreement Tuesday and expressed optimism there would be full compliance.
Crude oil exports from Iran reached 3 million barrels a day for the first time since the 1979 Islamic Revolution.
That level, lasting just one day, was reached in the current Iranian month…
Global oil supply may struggle to match demand after 2020, when the pinch of a two-year decline in investment in new production could leave spare capacity at a 14-year low and send prices sharply…
Iran's northern regions straddling the Caspian Sea could emerge as new hotspots for petrochemical production, Oil Minister Bijan Namdar Zanganeh said on Tuesday, signaling the government's…
Exxon Mobil Corp, the world's largest publicly traded oil producer, said on Monday it would invest $20 billion through 2022 to expand its chemical and oil refining plants on the US Gulf Coast.
Oil prices were little changed on Tuesday, trading in a tight range as rising US shale output offset OPEC crude production cuts, with investors seeking clearer direction from upcoming inventory…
UK oil and gas production will continue to grow through 2018, putting it on course for the longest expansion in almost two decades, amid project startups and productivity gains, an industry lobby…
The Philippines' state oil company, PNOC, as part of a group of international oil and gas companies known as Pergas Consortium, is planning to build a liquefied natural gas plant in Iran in…
India's oil minister says a final deal with Iran to develop the Farzad-B gas field in the Persian Gulf is currently "in Iran's course".
Qatar plans to start work on a major solar power plant in June this year and the plant, with an initial capacity of 200 megawatts, is expected to be operational by 2020. Siraj Power will start…
Fund managers and institutional investors expect oil giant Saudi Aramco to have a market capitalization of $1 trillion to $1.5 trillion when it sells shares to the public next year, a survey by…
Oil inventories onshore and offshore are responding to production cuts implemented by OPEC, the secretary-general of the organization, Mohammad Barkindo, said on Sunday.
OPEC-led production…
Russia's Tatneft signed a preliminary agreement with the National Iranian South Oil Company (NISOC) on Monday to study Shadegan Oilfield in southern Khuzestan Province.
The agreement was…
The oil market’s failure to break out of the tightest range in more than a decade is sapping investor interest.
Iran has signed an agreement with the Czech firm to construct a 20 megawatt waste-to-energy (WtE) plant in the northern Gilan Province, Houshang Falahatian, a deputy energy minister said on Monday…
Petrochemical exports can generate $20 billion annually within the next few years, taking a major leap forward compared to revenues when international sanctions were in place, an official at the…
Austrian energy group OMV has agreed to buy about a quarter in one of Russia's largest gas fields for $1.85 billion, a major expansion push that gives previous owner Uniper a badly needed cash…
The biggest names in the oil world come together this week for the largest industry gathering since the end of a two-year price war that pitted Middle East exporters against the firms that drove…
