The National Iranian Tanker Company has held talks with three major European firms to provide insurance for the country's oil vessels, the NITC managing director said.
"Negotiations have…
Energy
Swiss chemicals company Ineos has bought all the UK North Sea gas fields owned by the DEA Group, which is owned by Russian billionaire Mikhail Fridman's investment fund LetterOne, the companies…
Iran on Saturday announced dates for a three-day oil and gas conference in London in February designed to attract foreign investors awaiting new contract terms to be unveiled next month.
A bill to repeal the 40-year-old ban on US oil exports passed the House of Representatives on Friday, but faces an uncertain future after a veto threat by President Barack Obama.
The lack of a clear leader or anchor in the global oil market is fueling uncertainty and leading to sharp swings in crude prices, but this uncertainty is unlikely to continue for long, a senior…
US oil explorers idled rigs for a sixth week, as they grapple with crude near $50 a barrel.
Rigs targeting oil in the US fell by 9 to 605, adding to the 61 sidelined in the previous…
Operators of German nuclear power plants have set aside enough funds to pay for decommissioning the country's reactors, the Economy Ministry said on Saturday, even though stress tests showed the…
Daily gas output from regions under the jurisdiction of South Zagros Oil and Gas Production Company has increased since early this year, and is projected to touch 221 million cubic meters in the…
Energy security is one of the pillars of economic growth, social welfare and national security, which Iran cannot ensure by solely relying on depleting energy sources.
The depletion of Iran…
Iran's Research Institute of Petroleum Industry signed an agreement to design and construct four refinery units overseas, announced RIPI's deputy for downstream industries affairs.
"This is…
Russia's top natural gas producer Gazprom said on Friday it has reached an agreement with Kiev on the prepayment of gas purchases and will resume supplies to Ukraine on October 12, once the…
Goldman Sachs said it expects this week's oil rally to fade and reiterated its call that crude prices will remain lower for longer.
We continue to view the oil market as oversupplied and…
Following the launch of several phases of the South Pars Gas Field last year and a surge in natural gas output, shortage of feedstock for industries and power plants during the winter is no longer…
The Energy Ministry is granting facilities to investors in small-scale power plants that operate at a capacity of less than 25 megawatts, said energy deputy minister.
European oil companies are heading for the best weekly performance in seven years as they added about $74 billion in value following the crude’s surge past $50 a barrel.
Raising crude oil production and restoring Iran's market share in the Organization of Petroleum Exporting Countries is a national necessity, spokesperson of the Majlis Energy Commission said.
Saudi Arabia, the world's top crude exporter, will supply full contracted volumes of crude oil to at least two Asian term buyers in November, unchanged from October, industry sources familiar with…
Indonesia will become an associate member of the International Energy Agency at a meeting in Paris in November, alongside China and Mexico, Indonesia's energy minister said on Thursday. The IEA…
The government may introduce incentives and deterrent measures to encourage Iranian drivers to keep using smart fuel cards, once the deadline to use the subsidized gasoline quota via such cards…
An Oil Ministry official denied reports that Tehran held secret talks with BP managers in the capital last month to hand over two oil projects to the British oil and gas major.
"Iran has…
Saipem has been awarded new contracts by Saudi Aramco and Eni, which are cumulatively valued at $681 million (€600 million).
Iran is ready to challenge the United Arab Emirates in fuel bunkering to vessels in the Persian Gulf, managing director of the National Iranian Oil Products Distribution Company said, adding that…
Oil prices rose on Wednesday after data showed the market was beginning to tighten, with falling supply, higher demand and lower inventories after two years of heavy surplus.
Norway expects its oil and gas investments, a cornerstone of its economy, to drop by nearly 21% by 2017 from a record high last year, the government said in its 2016 budget on Wednesday. Oil…
Gazprom will hold a tender to choose a contractor for Nord Stream-2 pipeline in 2016, deputy CEO of the Russian gas holding told reporters on Wednesday.
"We are within the schedule. We are…
