Oil and gas exploration has commenced in a new field in the Caspian Sea near the border with Turkmenistan in Golestan Province, managing director of Khazar Exploration and Production Company …
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Royal Dutch Shell has recently held talks in Iran to discuss business cooperation with the oil and gas-rich country should international sanctions on Tehran become history…
Rainer Coperion sales and marketing manager for German Co. TIB Chemicals said that this company is due to reopen its representative office as soon as the sanctions become a thing of the past…
Gazprom will invest $8.8 billion through 2017 in a giant gas pipeline to China, an executive at the state-owned gas company said Thursday, news agency RIA Novosti reported. The…
The second modern Iran-owned offshore drilling rig DCI-2 joined the drilling fleet last week for use in the South Pars gas development projects, Shana news agency quoted Fazel Jamalzadeh, managing…
Renewable energy will draw almost two-thirds of the spending on new power plants over the next 25 years, dwarfing spending on fossil fuels, as plunging costs make solar the first choice for…
Qatar Petroleum plans to expand overseas after a restructuring that included the takeover of its foreign investment arm and the firing of some foreign workers.
China's crude oil imports from Iran fell in May to their lowest levels in four months, official customs data showed on Wednesday, as overall crude imports dropped during the traditional…
Angolan President Jose Santos arrived in China this week and is expected to sign economic agreements in the energy sector. Angola is hugely dependent on its oil exports and particularly demand for…
Oil prices are expected to extend a rebound thanks to improved global growth, a drop in stockpiles and fewer drilling rigs, Kuwaiti Oil Minister Ali al-Omair said.
"We have reached a stage…
Iran has reached a preliminary agreement with Turkey to increase gas exports at a modified price, Iran's ambassador in Ankara told reporters.
The government of Turkmenistan expects the selection of the consortium that will finance the Turkmenistan-Afghanistan-Pakistan-India gas pipeline project to be finalized by September 1, the…
State oil and gas PetroVietnam group and Gazprom have signed an agreement to develop two gas fields in Russia, the Vietnam News reported. Under the pact signed last week in Russia, the two…
Oilfield services provider Petrofac Ltd said strong performance at its engineering and construction division had helped increase its order backlog to $20.5 billion at the end of May.
Lawmakers in Germany said that an EU agreement for a $25 billion state subsidy by the UK to build a nuclear power station is illegal and should be annulled, in another twist in Europe's nuclear…
Nigeria's new government should sell its stakes in joint ventures in the country's energy industry, the chairman of Seplat Petroleum said on Monday, adding his company would be interested in…
Russia surpassed Saudi Arabia to become China’s top crude supplier as the fight for market share in the world’s second-largest oil consumer intensifies.
China imported a record 3.92 million…
Gasoline consumption in Tehran hit a record high of more than 100 million liters in the week ending June 19. More than 100.2 million liters of gasoline was consumed in Tehran during the period (…
The third Gas Exporting Countries Forum summit is to be held in Tehran on November 23, Tasnim News Agency reported.
From the Russian perspective, the situation in the global crude oil market is starting to stabilize, the minister of economic development said, UPI reported. Crude oil prices starting in June 2014…
Iran and Russia have commenced a new round of negotiations regarding a power deal worth up to $10 billion, in line with the memorandum of understanding signed between the two countries in…
Iran's North Drilling Company received a $1.5 million award from its UAE contractor for setting a record in drilling ten oil wells compatible with international safety standards in the…
Pipeline giant Williams Co. has turned down a $48 billion buyout offer but is still open to a sale, the company said Sunday night.
Tulsa, Oklahoma-based Williams said it was offered an…
Hedge funds reduced both bullish and bearish bets on oil for a fourth week as rising OPEC output was met with forecasts for a contraction in US supply.
In a meeting headed by President Hassan Rouhani, the Cabinet passed a law whereby the price of compressed natural gas was reduced from the current 6,000 rials (17 cents) to 5,000 rials (14 cents)…
