French electric utility company Engie and China's Shaanxi Houde Tongxing said they have signed a $214 million investment agreement to establish a joint venture in China's Shaanxi Province, of…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
US oil company Exxon Mobil has acquired a 35% stake in an oil block off Uruguay's coast, teaming up with France's Total to spud the country's first offshore exploratory well, state oil firm ANCAP…
Oil futures came off their highs in volatile trade on Monday while weak Chinese trade data and concerns over rising supplies weighed.
A weaker dollar had further supported oil, but the…
Saudi Arabia is determined to stick to its policy of pumping enough oil to protect its global market share, despite the financial pain inflicted on the kingdom's economy.
The oil market is expected to become more balanced in 2016 as demand continues to grow, OPEC Secretary-General Abdullah al-Badri said on Monday ahead of the producer group's policy meeting next…
Iran is ready to boost crude oil production immediately after sanctions in three major categories are lifted, the Oil Ministry's deputy for international affairs said on Monday.
Iran water and wastewater projects require $22 billion in investment, Iranian Water and Wastewater Company's deputy for planning said on Monday.
Iran is in talks with Belgium to deploy the country's floating liquefied natural gas production facilities near Kharg Island in the Persian Gulf.
Oil Minister Bijan Namdar Zanganeh made the…
Negotiations are underway with Oman to develop the joint Hengam oilfield, Iranian Offshore Oil Company's managing director said on Monday.
"Three rounds of talks have been held with Oman…
A prolonged period of low oil and gas prices would depress investment in the industry and lead to a shortage in supplies, Qatar's Energy Minister Mohammad bin Saleh al-Sada said on Monday. "The…
Oil Minister Bijan Namdar Zanganeh discussed the prospect of building an oil refinery with South Africa's Deputy President Cyril Ramaphosa in Tehran on Sunday.
"Iran is ready to help build…
With oil exports to Europe having slipped from 13% of Saudi's total to just 10% in the last six months, the de facto leader of OPEC has slashed its Official Selling Price to Europe in an effort to…
US President Barack Obama’s rejection of TransCanada Corp.’s proposed Keystone XL pipeline could give Venezuela’s ailing economy a lifeline.
Solar energy could account for up to 15% of French oil major Total's assets by 2030, Chief Executive Patrick Pouyanne said in an interview. Pouyanne, who was appointed CEO a little more than a…
Iran is slated to expand cooperation with Germany to produce clean energy.
Energy Minister Hamid Chitchian made the announcement after a meeting with the State Secretary of Germany’s…
As a large petrochemical supplier, Iran can definitely enjoy a higher bargaining power in global markets provided it manages to reduce its production costs, a petrochemical expert said.
Iran's power production capacity will rise by 1,250 MW by summer 2016 upon the launch of several power generation projects, deputy energy minister told a news conference on Saturday.
Italian oil and gas company Eni has expressed willingness to develop the third phase of Darkhovein Oilfield in south Iran, a deputy oil minister said on Saturday.
"Although Eni has shown…
OPEC Secretary-General Abdullah al-Badri said despite uncertainties, OPEC members are ready to make investments to respond to the world's future energy needs.
Oil markets will continue to be oversupplied for as long as five years as producers in the Middle East ramp up output, according to Mohammed al-Shatti, Kuwait’s representative to the Organization…
US crude explorers pulled back drilling rigs for a 10th straight week, as conviction grows that the worst oil downturn in decades is nearing its bottom. Rigs targeting oil in the US fell by 6 to…
Khazar Exploration and Production Company has started a new round of talks with Brazilian energy corporation Petrobras to carry out deepwater exploration and drilling projects in the Caspian Sea,…
Iran's liquefied natural gas will be transferred by domestic LNG vessels, the builder of the first Iranian LNG carrier said on Saturday.
"A memorandum of understanding has been concluded…
Iranian crude settled below $50 a barrel for the third straight week in the week ending Oct. 30.
Iran's light crude was down 92 cents at $44.02, averaging $52.72 since March. Heavy crude…
Iran seems to have held no aces in its new oil contract, officially known as Iran Petroleum Contract or IPC, compared to that of Iraq, chairman of Energy Commission at Iran's Chamber of…
