Russia’s state-owned oil company may provide its Venezuelan counterpart a much needed loan of $5 billion. Venezuela’s oil company, PDVSA, is in desperate need of capital in order to help boost oil…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Russia's state giant Gazprom will not own the Greek part of the Turkish Stream gas pipeline, but Moscow will assist Athens in financing the project, Russian Energy Minister Alexander Novak said on…
Refiners in Europe are making the highest profit from producing gasoline in more than eight years amid speculation that demand for the fuel is surging globally, driving up prices.
Russia and Turkey have agreed to prepare legally binding documents on the construction of the Turkish Stream pipeline by the end of June, Russian Energy Minister…
India is in talks with the oil rich United Arab Emirates and Kuwait to explore the possibility of setting up separate joint ventures that will acquire oil and gas assets in other countries,…
Japan’s nuclear plant operator Kyushu Electric Power plans to restart its Sendai-1 power plant in the city of Satsumasendai in mid-August after a four-year break, the Kyodo news agency reported.…
Algeria, Angola, Iran and Nigeria are interested in blending their light oil with Venezuela’s heavy crude to get a better price, the president of Venezuelan oil company Petroleos de Venezuela, S.A…
A set of grid codes should be programmed to increase Iran’s power capacity by adding the electricity output from wind turbines to the national power grid, said a professor of power …
OPEC nations’ revenue from petroleum exports plunged below $1 trillion last year for the first time since 2010, highlighting how slumping crude prices hurt countries reliant on oil sales to fund…
Deepwater oil projects and complex gas facilities worth around $200 billion have been cancelled or put on hold worldwide in recent months due to the sharp drop in oil prices over the past year,…
Sixty development plans in the key petrochemical industry have been prioritized on the basis of their physical progress so far, manager for development affairs at the National Petrochemical Co.,…
A total of 1,288 households with a population of 4,911 are expected to be evacuated for construction of Vietnam's nuclear power plants. Ninh Thuan 1, set to be Vietnam's first nuclear power…
Gazprom is not working on supplying pipeline gas to India, the company’s Deputy CEO Aleksandr Medvedev said on Wednesday. However, the Russian gas giant is interested in the Indian market, Tass…
The world is on the brink of the longest-lasting oil glut in at least three decades and OPEC’s quest for market share makes it almost unavoidable.
Construction of Aframax oil tankers according to international standards is indicative of Iran's technological prowess in manufacturing oil tankers of international acclaim, head of the board of…
Europe’s largest Russian gas consumer, Germany, has increased fuel purchases from Gazprom by 68 percent year-on-year for May, Gazprom CEO Alexei Miller said during a meeting…
French Energy Company Engie said Tuesday it was helping South Africa's government move one step closer to its low-carbon goals with commercial wind operations, winddaily.com reported.
Construction of the Iran-Oman gas pipeline will reportedly be undertaken by the Iranian Offshore Engineering and Construction Company, its deputy managing director, Rahim Tabrizi, said Tuesday.
Iran has stored as much as 40 million barrels of oil on supertankers at sea as it prepares for a sales drive if a nuclear deal can be sealed.
Iran and six world powers are seeking to…
Statoil ASA, Norway’s state-controlled oil producer, will cut as many as 2,000 more jobs by the end of next year as it reacts to lower crude prices by slashing costs. Statoil plans to lose 1,100…
A Russian minister warned Western energy companies on Monday that they would be frozen out of energy cooperation with Moscow if they take "politically motivated decisions", an apparent reference…
Water shortage in Iran has reached crisis point. For years precipitation has been of the declining order while consumption, evaporation and waste have increased.
Some of the world's most powerful oil executives will attend Russia's top investment show next week, once again helping the organizers shrug off a meager turnout from other leading western…
Emirates National Oil Co. agreed to buy Dragon Oil Plc for 1.7 billion pounds ($2.6 billion), gaining control over wells in Turkmenistan and exploration projects from Algeria to Iraq.
India has conveyed to Iran that its interest in oil and exploration projects in the Persian Gulf nation is still alive.
Commercial interaction with the Iranian authorities is independent of…
