Oil trading giants, including Glencore Ltd. and Vitol SA, paid millions of dollars to a former PDVSA trader to get the inside track on Venezuelan oil deals, according to a lawsuit filed by a…
Energy
Negotiations with two unnamed Russian oil companies on taking over the development rights of three Iranian oilfields are in the final stages, the National Iranian Oil Company’s deputy for…
South Pars offshore gas platform 22 was successfully loaded on a domestic 20,000-ton barge in line with plans to fast track gas production from the giant joint field, an official of Iran Marine…
The first round of tenders for the development of South Pars Phase 11 has been completed and subcontractors have been selected, the managing director of Pars Oil and Gas Company said.
A 400-kilovolt substation was inaugurated on Thursday in Jahrom in Fars Province in a ceremony attended by Energy Minister Reza Ardakanian.
The combined cycle substation went on stream…
The Petrochemical Research and Technology Company of Iran finalized an agreement with France's Air Liquide Engineering and Construction Company on transferring state-of-the-art technology and…
Total announced on Thursday the closing of the $7.5-billion acquisition of Denmark’s Maersk Oil that adds 1 billion barrels of oil equivalent reserves and resources to the French oil…
Iran’s crude and condensate exports are set to fall to a two-year low this month, as loadings for its main Asian buyers will tumble by one-third from the previous month, said a person with…
Shell and Saudi Aramco signed on Thursday a preliminary agreement to pursue gas projects worldwide, as the Anglo-Dutch supermajor is increasingly betting on natural gas production and…
Crude oil futures rose on Friday, as Asian stock markets gained.
Brent crude futures were at $63.79 per barrel, up 18 cents, or 0.3%, from their previous close. US West Texas…
State-owned gas utility GAIL India has contracted 3.5 million tons per annum of liquefied natural gas from Cheniere Energy's Sabine Pass liquefaction facility in Louisiana.
Patrick Pouyanne, the head of Total SA, sees risks differently. The French oil giant, which became the first western major to sign a deal with Iran following the end of sanctions, has added…
Oil prices fell on Wednesday, pulled down by declining stock markets after a key advocate for free trade in the US government resigned, stoking concerns Washington will go ahead with import…
Oil will maintain its key role in the global energy mix for the foreseeable future, despite the increasing growth of renewables, said the president and CEO of Saudi Aramco at a major energy…
Data released by the National Iranian Oil Company show that Pars Special Economic Energy Zone in southern Bushehr Province exported close to 1.32 million tons of natural gas condensate, during…
Iran and Russia signed a memorandum of understanding on expanding cooperation in the oil and gas industry during the 14th session of Iran-Russia Economic Commission held in Moscow on Tuesday.
Energy consumption in buildings is four times higher than that of the global average, an advisor to CEO of Iranian Fuel Conservation Organization said.
A national workgroup to tackle water shortage will be established by mid-March, the managing director of Iran Water Resources Management Company said on Monday.
“In the past, we tried to…
Indian oil company ONGC Videsh signed a memorandum of understanding with IDRO Oil, a subsidiary of the Industrial Development and Renovation Organization of Iran, in Tehran on Tuesday to conduct…
Tehran Municipality has launched an on-demand fuel delivery service. According to Ehsan Jafari-Tabar, executive manager of the project, the service, available through the mobile app 'Pido', is…
Tehran and Bishkek have expressed willingness to strengthen energy ties.
In a meeting between Energy Minister Reza Ardakanian and Kyrgyzstan's Ambassador to Tehran, Avaz Beig Abdarazakov…
The government plans to prepare incentives and the ground to shore up solar energy generation from photovoltaic power stations to solar panels on rooftops to accelerate the shift from fossil…
Oil futures rose on Tuesday for a third session, underpinned by robust demand forecasts and as ministers from OPEC touted the strength of its agreement to cut output to bolster prices.
The world’s largest oil producers appealed to US shale producers to join efforts to hold global prices at their current level at a major energy conference on Monday, as the boom in shale is…
Following the rise of international oil benchmarks in the week to March 2, Iran's light crude gained $2.43 to reach $62.39 per barrel in the period, marking its first increase after a one-month…
