Output cuts by OPEC and other oil producers are clearing a supply glut that has depressed crude prices for three years, ministers said on Friday, suggesting they could extend cooperation well…
Energy
Indian oil companies could acquire up to 20% of an oilfield belonging to the Abu Dhabi National Oil Company (ADNOC), Utpal Bora, chief managing director of Oil India Limited, said on Thursday. "…
Iran has drawn over 3.1 million barrels of crude oil from the oil layer of the South Pars Gas Field in the Persian Gulf and more barrels are planned for loading and export in the next few weeks…
Iran will not settle for any agreement that may compromise its crude oil market share, Oil Minister Bijan Namdar Zanganeh said ahead of a meeting of OPEC and non-OPEC countries in Vienna that…
Oil rose on Wednesday, set for its largest third-quarter gain since 2004, after the Iraqi oil minister said OPEC and its partners were considering extending or deepening supply cuts to erode an…
State-run Qatargas, the world’s largest producer of liquefied natural gas, said on Wednesday it had signed a medium-term sales and purchase agreement with Turkey’s Botas to deliver 1.5 million…
France is set to become Europe’s second biggest generator of electricity from wind power behind Germany by 2030, overtaking the UK and Spain thanks to policies being put in place by the current…
Operations to construct 10 offshore platforms for South Pars Gas Field phases in the Persian Gulf have gained momentum, the head of project control in Pars Oil and Gas Company said, with Iran…
Iran has earned over $23 billion from selling crude oil in roughly six months since the beginning of the present fiscal year in March, the Central Bank of Iran reported, indicating a strong…
Three major Iranian petrochemical plans will become operational in the current fiscal year that ends in March 2018, managing director of the National Petrochemical Company said.
Daewoo Shipbuilding & Marine Engineering Company has announced the failure of a potential deal to build jack-ups for Iran. The company said a memorandum of understanding signed with an…
British renewable energy investor Quercus will invest over €500 million ($600 million) in a solar power project in Iran, with construction to start in the first half of 2018, the company’s chief…
An unnamed Iranian company will build the first jacket platform for South Pars Gas Field's Phase 11 in the Persian Gulf, the head of the Society of Iranian Petroleum Industry Equipment…
Operations to swap crude oil consignments shipped from Turkmenistan to the port of Neka in northern Iran with deliveries in the Persian Gulf are being carried out via the 32-inch Sari-Rey…
The National Iranian Oil Company has informed buyers in Asia that it could reduce condensate exports in October because of maintenance at the South Pars Gas Field, six industry sources said on…
Major oil exporter Kuwait is dealing with another crude oil spill off its southern coast, state news agency KUNA said on Monday, the latest in a series of unexplained leaks in the Persian Gulf…
Oil major Total moved forward with its plan to expand in the renewable energy sector on Tuesday with investments in EREN RE and Greenflex.
Total said it was buying a 23% stake in…
Iranian Offshore Oil Company will hand over the development of a drawn-out natural gas liquid project on Kharg Island to a consortium of Iranian companies, chief executive officer of IOOC said…
Iraq does not see the need for more output cuts now, but if there is a need the country will support consensus within the Organization of Petroleum Exporting Countries, Iraq’s Oil Minister Jabar…
Iran has extracted about 65 million barrels of oil from Yadavaran Oilfield near the Iraqi border in Khuzestan Province since it started production, earning a total of $3.2 billion in revenues.…
It is no secret that oil majors are among the biggest corporate emitters of pollution. What may be surprising is that they are reducing their greenhouse-gas footprints every year, actively…
US crude oil prices rose above $50 per barrel on Monday and were near last week’s multi-month highs, as the number of US rigs drilling for new production fell and refineries continued to restart…
Saudi Arabia is considering a plan to phase out subsidies for gasoline and jet fuel in November at the latest, as the world’s biggest oil exporter pushes a program to curtail spending after a…
Iran's state-owned petrochemical company is planning to finalize preliminary agreements on licensing and construction projects in the next few months in what could see the world's top energy…
Russian oil major Rosneft will invest in gas pipelines in Iraq’s Kurdistan, expanding its commitment to the region ahead of its independence vote to help it become a major exporter of gas to…
