Energy

Costa Rica Ended 2016 on a particularly green note. The Central American nation ran entirely on renewable energy for more than 250 days last year, the country's power operator announced…

The National Iranian Oil Company on Monday issued a list of 29 international companies approved to bid in the country’s dozens of oil and gas tenders.

Iran has halted natural gas imports from Turkmenistan, the Oil Ministry said in a statement on its website Sunday.

The statement came a day after Oil Minister Bijan Namdar Zanganeh said…

Production from South Yaran Oilfield near the Iraqi border is set to begin by March – the end of the fiscal Iranian year.

"We will start production from South Yaran at 10,000 barrels per…

Oil prices will gradually rise towards $60 per barrel by the end of 2017, a Reuters poll showed, with further upside capped by a strong dollar, a likely recovery in US oil output and possible non-…

One of China's top coal-producing provinces has vowed to slash its level of fine particle pollution by one-fifth by 2020, the official Xinhua news agency reported on Saturday, citing the…

Parliament passed a bill on Saturday defining a roadmap for energy consumption and production over the next four years. The bill was part of the legislation for the sixth five-year economic,…

  In a major move to bolster long-term investment in the petrochemical sector, the Majlis ratified a law last week to uphold a previous formula that determines feedstock prices for…

An estimated 1,800 megawatts in new electricity production capacity is planned to be added to the national power grid by the end of the current fiscal year in March, of which 1,640 MW is already…

Iran is now producing more natural gas than crude oil, a top energy official said on Saturday.

"Production of natural gas, condensates and gas derivatives stands at 4.5 million barrels of…

Oil prices settled slightly lower on Friday, the year's last trading day, but attained their biggest annual gain since 2009, after OPEC and partners agreed to cut output to reduce a supply…

Tehran and Ashgabat reached a preliminary agreement to settle a gas dispute before approaching international arbitration, Oil Minister Bijan Namdar Zanganeh said, adding that negotiations are…

Investors are showing no sign of turning their backs on oil heading into 2017. Money managers’ wagers on rising West Texas Intermediate crude prices are triple what they were at the end of 2015,…

The National Iranian Oil Company signed a memorandum of understanding with Tenco, a subsidiary of Khatam-al -Anbiya construction group, to study five gas and oilfields.

After an edgy 2015, marked by the historic nuclear agreement signed between Iran and the six world powers, Tehran hit the ground running last year as the nuclear deal came into force in mid-…

The number of countries receiving exported US crude oil has risen since the removal of restrictions on exporting oil in December 2015, the US Energy Information Administration said in a report.

Oil prices were on track for their biggest annual gain since 2009 after the OPEC grouping and other major producers agreed to cut crude output to reduce a global supply overhang that has depressed…

Russia's largest oil producer and its shareholder BP have completed dissolution of Ruhr Oel, their refining joint venture in Germany, Rosneft said on Thursday. Rosneft said with the restructuring…

Plans are in place to provide regions straddling the southern coasts of Iran with potable water by building 50 water desalination units, Energy Minister Hamid Chitchian said.

The National Iranian Oil Company and South Korea's construction conglomerate Daelim Industrial Company have reached an agreement to cooperate on improving oil refining facilities in Isfahan…

There is no difficulty in meeting the demand for natural gas in the northern regions this winter, a top energy official said, playing down concerns over a shortage of gas for heating homes and for…

Next year could be a banner year for oil and gas companies who are looking for fresh equity. According to Texas-based Tudor Pickering Holt & Co., as many as 40 oil and gas companies could…

Tehran's nuclear deal with the world powers undid an international sanctions regime that had allowed countries and individuals to pillage national resources and inflict harm on the …

OPEC members are committed to the deal signed last month to cut output as it is in the interest of their flagging economies, Oil Minister Bijan Namdar Zanganeh said.

Venezuela said it will cut 95,000 barrels per day of oil production in the New Year in fulfillment of a producers' deal to reduce global output and strengthen prices.

January 1 marks the…