Fossil companies will need to see market-shifting government policies to move more quickly toward a low-carbon economy, BP Group CEO Bob Dudley told the Oil & Money Conference in London last…
Energy
OPEC and its non-OPEC allies reiterated that all options to rebalance the oil market “are left open”, as the producers announced the highest level of compliance with their agreement to curtail…
Iran is pushing ahead with plans to develop its petroleum projects as the country's foreign partners and the global crude market have shrugged off US President Donald Trump's decision to…
Iranians consumed an average of 79 million liters per day of gasoline in roughly seven months, up 5.3% compared with the corresponding period of the last fiscal year (ended March 20, 2017).
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Oil exports from Iraq’s Kurdistan via the Turkish Mediterranean port of Ceyhan were still flowing at sharply reduced rates on Saturday and Sunday, two shipping sources told Reuters. Flows were…
Iran's crude oil price movements were limited in the week to Oct. 13 with the country's heavy and light crudes moving in the opposite direction in weekly trade. Iran Heavy, the country's main…
Saudi Oil Minister Khalid al-Falih made a high profile visit to Iraq on Saturday, calling for increased economic cooperation and praising coordination to boost crude oil prices.
Schlumberger reported on Friday a higher net profit for the third quarter driven by North America’s onshore activities, but the world’s largest oilfield services group now warns that investment…
Venezuela's state-run petroleum firm PDVSA has been barred from using a NuStar Energy oil storage terminal in the Caribbean over $26 million in unpaid bills, according to documents reviewed by…
In line with efforts to ensure energy supply during the cold winter days, National Iranian Gas Company is endeavoring to maximize natural gas output from South Pars Gas Field so that subscribers…
Iraq said it was increasing oil exports on Saturday from the southern Basra region by 200,000 barrels per day to make up for a shortfall from the northern Kirkuk fields.
The output from…
Despite years of speculations and no action, Iran continues to weigh options to transport its profuse natural gas resources to Europe and emerge from a marginal exporter in the region into a…
Oil prices fell on Friday and were set for a weekly loss as investors sought to book profits, despite tensions in the Middle East which have slashed supplies of crude.
Brent crude was…
Russia’s biggest oil company, Rosneft, has agreed to take control of Iraqi Kurdistan’s main oil pipeline, boosting its investment in the autonomous region to $3.5 billion despite Baghdad’s…
Oil producers are working to build consensus on extending their deal to reduce supplies, OPEC’s secretary-general said on Thursday, with the potential for continuation throughout 2018 forming a…
Iran produced an average of 19,000 barrels per day of crude from the oil layer of the giant South Pars Gas Field in the Persian Gulf in the first half of the current fiscal year that started on…
Clean-energy developers are finding plenty of interest in wind and solar power from businesses with sustainability targets, especially technology companies. That was on display in a video…
The South Pars mega project has registered a work-in-progress rate of 85% and the rest will be completed by March 2019, the end of the next Iranian year, managing director of Pars Oil and Gas…
Italian groups will help build a major thermal power station south of Iran that roughly matches the output capacity of the country's only nuclear power plant.
Norway’s Saga Energy signed a €2.5 billion ($2.94 billion) deal in Tehran on Tuesday to build solar power plants in Iran, the company said, just days after US President Donald Trump unveiled a…
Uzbekistan is willing to join the list of Iran's crude oil customers and talks are underway to study the full details of selling oil to the Central Asian country in the near future.
Oil…
Oil prices rose on Tuesday, supported by a falling US dollar and Saudi Arabia saying it would adhere to OPEC’s commitment to cut output. Gains were capped by rising US production and skepticism…
French oil and gas major Total will try to push ahead with its Iran gas project if the United States decides to impose unilateral sanctions on Tehran after US President Donald Trump said he will…
French and German groups on Wednesday signed broad-ranging agreements on collaboration with Iran's water industry.
Iraqi Oil Minister Jabar al-Luaibi has asked BP to "quickly make plans to develop the Kirkuk oilfields," an oil ministry statement said on Wednesday. Iraqi government forces on Monday took…
