Microsoft signed an agreement with GE on Monday to purchase every last bit of the wind energy from GE’s brand-new 37-megawatt Tullahennel wind farm located in County Kerry, Ireland, for the next…
Energy
Iran aims to finalize and implement about $5 billion worth of projects to raise production from its crude oil and natural gas fields, Oil Minister Bijan Namdar Zanganeh said on Tuesday.
Iran's state tanker company NITC and the national shipping line IRISL plan to form a joint venture in collaboration with the Industrial Development and Renovation Organization to renovate one of…
The Iranian Offshore Oil Company and SAFF Offshore Industries Company signed an agreement in which the latter has been assigned to undertake the Kharg NGL Plant development project through a…
OPEC and other oil producers may need to take “some extraordinary measures” next year to rebalance the oil market, the OPEC secretary-general said on Sunday.
Statoil’s exploration campaign in the Barents Sea was disappointing this year, but the company has firm plans to drill another five wells there in 2018, a spokesman said on Monday.
Oil prices stabilized on Monday after one of the most bearish weeks in months, propped up by OPEC comments signaling the group and other producers may take further action to restore market…
Iraqi Oil Minister Jabar al-Luaibi said on Monday that Chevron and Total are among companies that have expressed interest in developing the Majnoon Oilfield that Shell has said it wants to leave…
Iran's jet fuel supply to aircraft in the first six months of the current fiscal year (March 21-Sept. 22) increased 5% from the same period of last year, director of the Aviation Fueling…
The number of crude oil carriers berthed at the Kharg Oil Terminal in the Persian Gulf in the past nine months has witnessed a 28% rise compared with last year's corresponding period, director…
The 9th South Pars Refinery, the largest processing facility of South Pars Gas Field in the city of Asalouyeh, Bushehr Province, processed over 10.7 billion cubic meters of natural gas in the…
The National Iranian South Oil Company is appraising the proposals of foreign and domestic oil firms for developing four oilfields in the southern oil-rich province of Khuzestan, the company's…
Russian oil major Rosneft said on Saturday it was looking to expand cooperation with Cuba and Chief Executive Igor Sechin had discussed the issue with a visiting delegation that included Cuba’s…
Hurricane Nate had curtailed 92% of US Gulf of Mexico oil output and up to 3% of refining capacity on Saturday, as it sped toward energy facilities in the central US Gulf Coast that largely were…
Saudi Aramco launched a new Indian venture near New Delhi, a government statement said on Sunday, as the global oil exporter looks to tap rising demand and invest in the world's third-biggest…
The Iranian Central Oil Fields Company is drafting an investment package for oil and gas projects estimated to value over $5 billion, deputy for planning at ICOFC said.
"Around $5.5…
Tesla Chief Executive Elon Musk said he will speak to Puerto Rico's governor about helping get the hurricane-hit island's power grid back on stream. Last week, Musk tweeted that his company has…
Russia and Saudi Arabia have each earned $40 billion from the 2016 deal between OPEC and non-OPEC countries to cut oil output, the CEO of the Russian Direct Investment Fund said.
Iran's petrochemical production in the first six months of the current fiscal year increased by 5% compared to the same period of last year, as the country continues to shore up exports by…
Oil futures fell more than 2% on Friday, ending Brent crude’s longest multi-week rally in 16 months as oversupply concerns reappeared as producers have started hedging future drilling. Brent…
At least 30% of Iran's water and wastewater infrastructure, including a dilapidated supply network that is a major source of water loss due to leakages, require repairs, the caretaker energy…
Russia’s biggest oil producer, state-controlled Rosneft, is aiming to almost double its crude oil exports to China through Kazakhstan, Reuters reported on Friday, citing three industry sources,…
As Tropical Storm Nate continued on its course toward the Gulf of Mexico on Friday, energy companies shut down offshore oil and gas platforms, while Louisiana braced for a potential hurricane.…
The German government wants carmakers to make mechanical modifications to engine and exhaust systems of some models, Der Spiegel reported on Saturday. The new government position was agreed by…
Iran's crude oil reached $57 a barrel in the week to Sept. 29, crossing a new price milestone in the year, as the export of crude and condensates surpassed 2.6 million barrels per day last month…
