US oil futures traded in negative territory on Tuesday, after sinking nearly $40 the previous session in their first ever dive below zero, as concern grew the sector will run out of storage for…
Energy
Programs are underway to increase output from South Pars Gas Field phases 20 and 21. Work is expected to be completed in the second half of this year, managing director of the 8th South Pars…
The renewable-energy industry could create more than a million jobs a year if countries invest enough to meet their target for cutting global carbon emissions, according to an advocacy…
Crude oil futures fell on Monday, with US futures touching levels not seen since 1999, extending weakness on the back of sliding demand and concerns that US storage facilities will soon fill to…
Iraq plans to study using Kurdish natural gas for power generation, the country's oil minister said on Sunday, allowing OPEC's second-largest oil producer to plug the gas deficit and power…
Bid Boland Gas Refinery in southern Khuzestan Province has taken the lead in promoting environment-friendly practices to reduce greenhouse gas emissions, the managing director of the plant said…
Researchers and engineers at the Iranian Research Organization for Science and Technology have designed and manufactured a biomass downdraft gasifier. After acquiring technical knowhow and…
An estimated 800 companies active in manufacturing oil/gas equipment are facing insolvency due to the huge economic impact of the coronavirus, head of the Iranian Oil Equipment Manufacturers'…
Crude prices in America’s oil capital are getting dangerously close to zero. Buyers bidding for crude in Texas, the birthplace of the shale revolution, are offering as little as $2 a barrel for…
While hydroelectric power plants in Tehran Province set a record last year, these are expected to have normal output this year, head of hydropower installations at Tehran Regional Electricity…
Oil fell below $19 per barrel in New York after a wave of gloomy demand forecasts and a cratering physical market outweighed an unprecedented deal to cut output. China’s economy suffered a…
An estimated 2,100 kilometers of rivers and canals have been dredged in deluge-prone regions since March 2019 to prevent and reduce floodwater damage. According to the Energy Ministry’s news…
A Saudi Arabian oil official on Saturday refuted the conclusion of an analytics firm that the country’s oil exports to the US dramatically increased in the last month.
OPEC expects demand for its crude will fall to the lowest in three decades as the coronavirus outbreak freezes the global economy, underscoring the urgency of its promised production cuts.
The third steam unit of Parand Combined-Cycle Power Plant in south Tehran was connected to the national power network on Thursday, raising total production capacity to 83,800 megawatts, deputy…
Hook up operations on offshore decks of phase 13 (SPD 13A and 13C) of South Pars Gas Field in the Persian Gulf have been delayed due to problems created by the coronavirus, managing director of…
There is currently no evidence that the coronavirus can penetrate and infect underground water resources, director of the Tehran-based National Water and Wastewater Engineering Company of Iran (…
President Hassan Rouhani will open three wastewater treatment plants in southwest and west of Tehran Province via video conference this week. Built at a cost of $30 million, the projects…
Export of oil, gas and petrochemicals, which were suspended temporarily in March due to outbreak of the novel coronavirus, has resumed as before the respiratory illness struck, a spokesperson…
Oil prices rose more than 1% on Tuesday after the main US energy forecasting agency predicted shale output in the world’s biggest crude producer would fall by the most on record in April, adding…
Heavy rainfall since the beginning of the current water year last September and especially in the past several days has increased the volume of water stored in dams.
With the coronavirus choking fuel demand and the world awash in surplus crude, even the Middle East’s main oil-trading hub has run out of room to store unwanted barrels.
Routine overhaul of thermal power plants has not been impeded by the coronavirus outbreak and projects are on schedule, the Thermal Power Plants Holding Company deputy for renovation affairs…
Oil prices rose on Monday after major producers finally agreed their biggest-ever output cut, but gains were capped amid concern that it will not be enough to head off oversupply with the…
The Goureh-Jask crude oil pipeline project has not been hurt by the spread of the novel coronavirus and operations are ongoing, said the managing director of the Petroleum Engineering and…
