After 24 years, Denmark will start importing oil again, primarily due to lower production in the North Sea area.
Last year, Denmark was self-sufficient in oil. As oil production is…
Energy
The National Iranian Oil Company's Health, Safety and Environment Department has outlined measures implemented in the past 12 months as well as its future plans.
Technological advances and an increased awareness of the dangers posed by climate change are driving the price of renewable energy down. A report published by the International Renewable…
Russian oil output stood at 11.21 million barrels per day in August, unchanged from 11.21 million bpd in July, Energy Ministry data showed on Sunday. In tons, oil output reached 47.41 million…
Libya’s oil production has been holding at around 1 million barrels per day for the past couple of weeks, rising slightly this week thanks to higher production at two small oilfields in the east…
An overhang of unsold crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to US sanctions and a new rally in prices…
Statistics indicate that the world's natural gas demand will grow 50% by 2040, a senior official from the Gas Exporting Countries Forum said.
"This means that natural gas will play…
Raising production at South Azadegan Oilfield in the oil-rich Khuzestan Province tops the priority list of the Petroleum Engineering and Development Company (PEDEC) in the current Iranian year (…
Operations to drill 11 offshore wells in the Persian Gulf are being carried out by the Iranian Offshore Engineering and Construction Company, the contractor of South Pars Phase 14 said on Sunday…
The equipment needed in South Pars Phase 11offshore venture, which is expected to be developed by China National Petroleum Corp and Iran’s state-owned firm Petropars, will cost $2.8 billion,…
To complete the development project of South Pars Phase 14, loading operations to transfer satellite platform 14C for installation in the Persian Gulf were carried out in the yard of Iran Marine…
The First Iran International Gas Show (IRGS 2018) opened on Saturday at Tehran's Shahr-e-Aftab International Exhibition Complex. The four-day event, with a focus on "domestic capabilities,…
Data released by Trade Promotion Organization of Iran show that the country has earned $4.1 billion from electricity exports in the last five fiscal years (March 2013-18).
…
Iran is seeking to extend or renew a $1 billion oil deal with the Swiss giant Vitol Group ahead of the promised return in November of crippling US sanctions, media reported.
The US administration said on Friday that six companies, including ExxonMobil Corp, Marathon Petroleum Corp and Motiva Enterprises LLC, bought a total of 11 million barrels of oil from the…
Japanese oil companies will stop importing oil from Iran after the US reinstates sanctions on the country.
The Japanese government had attempted unsuccessfully to persuade Washington to…
OPEC oil production has risen this month to a 2018 high as Libyan production recovered and Iraq’s southern exports hit a record, a Reuters survey found, although a cut in Iranian shipments due…
Iraq sees a need to increase crude exports and says it is set to ship more as soon as OPEC agrees how members will share a collective supply boost, according to the acting director general of…
India will definitely not cut off entirely its crude oil imports from Iran, but it expects to have more clarity on its oil purchasing strategy amid the US sanctions on Tehran at a meeting with…
Brazil’s oil regulator ANP has approved the applications of six companies—including BP, Shell and Total—to bid in next month’s oil auction of four blocks in the coveted pre-salt layer.
Iran's LPG shipments loaded, or due for lifting, in August rose by 84,000 million tons versus July to around 568,000 million tons, the highest since the previous international sanctions for its…
OPEC and non-OPEC oil producers will aim to formalize their long-term cooperation later this year by approving a charter that will make possible further joint action on output.
Russia…
The National Iranian Oil Company's exports have plummeted sharply since the beginning of August, as traditional customers like China, Japan and India have curtailed their purchases in view of…
A 10-megawatt solar power plant was launched in Kharameh County, Fars Province, on Friday by a domestic firm, marking the southern province's first-ever solar venture.
The photovoltaic…
Tehran's residents consume 840 million cubic meters of groundwater reserves per annum, 40 mcm more than the aquifers’ annual intake, the managing director of Tehran Province Water and Wastewater…
