Energy

iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.

  • Crude Oil Prices Dip After Trump Warns OPEC
    Oil inched lower on Tuesday to extend losses of more than 3 % from the previous session, easing after US President Donald Trump called on OPEC to rein in its efforts to boost prices.  
  • Iran: Focus on Private Firms to Expand Oil Exploration and Production
    Untapped hydrocarbon reserves are huge and encouraging the private sector to enter this key sector should be a priority. Seyyed Saleh Hendi, the head of National Iranian Oil Company's Exploration...
  • NIDC Carries Out 123 Drilling and Repair Operations Nationwide
    The National Iranian Drilling Company has drilled and repaired 123 onshore and offshore wells over the past 11 months, the company’s deputy managing director for drilling operations said Monday. "...
  • Iraq Southern Oil Exports at 3.56 mbpd
    Crude oil exports from Iraq’s southern ports on the Persian Gulf stand at around 3.565 million barrels per day so far in February, two oil executives told Reuters on Monday.   
  • Rystad: Global Oil, Gas Projects Could Triple
    The number of greenfield oil and gas projects to get their final investment decision could rise threefold in 2019 all over the world, Norwegian energy consultancy Rystad Energy has forecast.   
  • Huge Increase Forecast in Global Gas Demand
    Global natural gas demand will rise by almost 50% over the next 23 years and Iran will be among the major suppliers alongside Russia and the United States. Mohammad Hossein Adeli, a former...
  • North Sea Plan for Strikes Approved
    The UK's Unite trade union on Saturday approved plans for industrial action at Total's North Sea oil and gas fields, including the Shetland Gas Plant, as a dispute over offshore rotas flared up...
  • Water-Stressed Pakistan Looks for Donations to Build Dams
    As Pakistan faces worsening water scarcity - and trouble sourcing international cash for hydropower dams it says it needs - it has turned to an unlikely source of cash: A fundraising campaign...
  • South Pars Phase 14 Reports Progress
    Phase 14 of South Pars Gas Field in the Persian Gulf has registered 84% progress, said the energy deputy at the Industrial Development & Renovation Organization of Iran. No foreign contractor...
  • Petrochem Complex in Khuzestan
    Construction of a new petrochemical complex in Andimeshk, Khuzestan Province, started at the weekend. The project seeks to develop the value chain of methane as in the first phase. Annual...
  • Austrian Support for Green Power Expansion in Iran
    Iran has taken noticeable steps in recent years to develop its green energy sector and has the potential to emerge as a regional Green energy hub. Austrian Ambassador to Iran Stefan Scholz made...
  • US Crude Oil Production Reaches 12 Million bpd
    US crude oil production hit a record 12 million bpd in the week ending February 22, rising by 100,000 bpd from 11.9 million bpd in the previous week, the weekly US Energy Information Administration...
  • Iran Energy Ministry Repaying Debts
    The Energy Ministry has settled $1 billion of its debt to private power plants over the past 11 months. According to IRNA, the ministry owes $2.6 billion to private contractors. Due to the huge...
  • Warm Winter Pushes LNG to 17-Month Low
    Liquefied natural gas prices in North Asia, the world’s biggest market for the fuel, have slumped to the lowest in 17 months as the peak demand season ends with a whimper.   
  • Iran Parliament Levies Higher Tax on Power Consumption
    Electricity subscribers will have to pay 10% of the cost of their power consumption as tax in their electricity bills next year (begins in March). The Majlis agreed on Wednesday to raise tax from...
  • US, South Korea Discuss Iran Oil Issues
    A top US official discussed this week South Korea’s crude oil imports from Iran and urged Seoul to accelerate its oil supply diversification, S&P Global Platts reported on Thursday, quoting a...
  • Competitiveness Can Drive Renewable Energy Sector
    To help promote competition, those who build green power stations are not obliged to use locally-produced parts and equipment.  Mohammad Sadeqzadeh, head of the Renewable Energy Organization of...
  • Iran's In-Place Crude, Condensates Reserves at 228b Barrels
    The National Iranian Oil Company's Exploration Department has discovered 73hydrocarbon fields during the last 40 years, of which 24 are shared with Arab neighbors, head of department said. "In-...
  • Caspian Oilfield Development Not on NIOC Agenda
    Developing oilfields, especially in the Caspian Sea is not on the agenda of the National Iranian Oil Company. Therefore, Khazar Exploration and Production Company as a subsidiary of the NIOC has...
  • Japan Refiners Seeking Clarity Over Iran Oil Waiver Extension
    Japanese refiners are seeking clarity on whether there will be an extension to the 180-day sanctions waiver from Washington in March, as they hope to continue buying Iranian oil without any...
  • Brent and WTI Prices Dip in Wednesday Trading
    Oil prices slipped away from 2019 highs on Wednesday, with surging US supply and slowing economic growth tempering upward pressure from supply cuts led by producer club OPEC and from Washington’s...
  • Iran Ready to Export Natural Gas to Iraqi Kurdistan
    Most of the infrastructure is in place to export natural gas from western Kurdestan Province to Iraq’s semi-autonomous Kurdistan region, provincial head of the National Iranian Gas Company said. "...
  • Iran's Renewable Energy Potential Remains Untapped
    Iran has all it needs to tap into clean energy but despite scientific studies and steps taken in this regard, the real improvement potential has not been effectively exploited, said the secretary...
  • Iran Oil Exports Higher Than Expected in 2019
    Iranian crude oil exports in January were higher than expected, while February shipments so far have been holding steady or even higher compared to last month, as several of Iran’s customers are...
  • Russian Co. Asks Japan to Invest in $36b LNG Project
    Novatek, a leading gas company in Russia, has asked Mitsubishi Corp. and Mitsui & Co. to invest in an Arctic liquefied natural gas project expected to cost maximum $36.1 billion.  

Pages

Financialtribune.com