The National Iranian Oil Company has decided to award the development rights for the giant Azadegan Oilfield in Khuzestan Province to an international consortium, the NIOC deputy director said,…
Energy
Royal Dutch Shell is seeking to sell Iraq’s Majnoon Oilfield and the country’s Oil Ministry has started preparations to finalize its exit, according to a ministry letter and oil officials…
Iran's Offshore Engineering and Construction Company has installed the new jacket of an offshore platform for Phase 13 of South Pars Gas Field in the Persian Gulf, the director of Phase 13…
Iran's crude oil output last month almost remained unchanged from July, data by OPEC showed on Tuesday, as production cuts by most members of the Organization of Petroleum Exporting Countries…
In the wake of the hurricanes Harvey and Irma, oil demand is expected to drop by some 900,000 bpd this month, Goldman Sachs said on Monday.
“Irma will have a negative impact…
Iranians set a record for gasoline consumption on September 7, burning 104.7 million liters, the highest level in the current fiscal year that started on March 21, the National Iranian Oil…
Royal Dutch Shell on Tuesday presented its development proposal to Iran's Petroleum Engineering and Development Company for Kish Gas Field in the Persian Gulf.
The new model of Iran's oil contracts is clear on all grounds, but there is still some ironing out to do over the terms of collaboration with foreign companies on raising the recovery factor in…
An official at the National Iranian Oil Company said negotiations with Denmark's Maersk Group over the development of South Pars oil production project have not yielded positive results yet.
An OPEC-led supply cut deal is helping rebalance the global oil market, OPEC's secretary-general said on Monday, noting that higher demand in the rest of this year should lead to further…
European lawmakers will vote this week on a plan to protect the carbon market against a collapse of Brexit talks, which they fear would crash the price of tradable emissions permits.
The cost of generating electricity from offshore wind farms fell sharply in the UK to below the price the next nuclear reactors will charge, making the form of clean energy one of the cheapest…
Oil prices edged lower on Monday on concerns that Hurricane Irma’s pounding of heavily populated areas of Florida could dent oil demand in the world’s top oil consuming nation.
Brent…
The Persian Gulf Star Refinery in Hormozgan Province is holding talks with potential foreign customers to sell its surplus output of wide-ranging petroleum products, the chief executive officer…
In a bid to diversify energy resources and shift away from fossil fuels for electricity generation, the government says a quarter of Iran's new power generating capacity in the next four years…
Iran's crude oil dipped below $51 a barrel in the week to September 1, echoing uncertainties in global markets roiled by supply disruptions in the US.
Saudi Arabian Energy Minister Khalid al-Falih agreed with his Venezuelan and Kazakh counterparts to keep all options open in their push to rebalance the world oil markets, including the possible…
Iran has come a long way in regaining the lost ground in the global oil market and expanding its gas production after last year's lifting of sanctions, a parliamentary report shows.
"Oil…
British and Chinese researchers will work together on five projects to develop the "next generation" of offshore renewable energy technologies.
Azeri state energy company SOCAR is expected to increase its share in a new production sharing agreement with oil major BP for the development of the country's biggest oilfields, two industry…
Plans to sell a stake in Saudi Arabian Oil Company are “well underway”, the government said on Saturday, as the kingdom redrafts one of its key economic blueprints to eliminate overlap with…
India has renegotiated the pricing of liquefied natural gas imported from Australia’s Gorgon project to make the imported fuel affordable to price-sensitive domestic customers, Indian Petroleum…
Hurricane Irma threatens to knock out power to more than 4.1 million homes and businesses served by Florida Power & Light, affecting around nine million people based on the current storm…
The Persian Gulf Petrochemical Industries Company is close to finalizing an agreement with French energy major Total S.A. to conduct feasibility studies on petrochemical ventures in Iran, the…
Denmark's Dong Energy has announced that the world's first offshore wind farm, built in 1991 in the southeast of Denmark, has been dismantled. Used as a demonstration project, the Vindeby…
