Shell is interested in returning to conventional gas projects in Iran when international sanctions on the oil and gas-rich country are lifted later this year, the company's financial chief Simon…
Energy
Iran needs around $100 billion to bring its oil industry back to its level of five years ago, the country's Industries Minister Mohammad Reza Nematzadeh told the Austrian newspaper Wiener Zeitung…
The construction of huge power plants like Bushehr Nuclear Power Plant is extremely costly, that is why the Atomic Energy Organization of Iran will build small-scale plants to fulfill its…
A total of €10 billion should be invested to build the infrastructure required for exporting Iranian gas to Europe, deputy oil minister for international affairs said.
Azizollah…
French multinational oil and gas companies, including Total SA, are eager to return to Iran's energy sector, Oil Minister Bijan Namdar Zanganeh said, following a meeting between Iranian senior oil…
All major electricity companies and power plants have either been privatized or will be so in future, Mir Ali-Ashraf Abdollahpouri Hosseini, the head of Iranian Privatization Organization, said on…
The United Kingdom eliminated sanctions on Iranian Petropars Aria Kish Operation and Management Company and Petropars Resources Engineering Kish Company. According to a statement, released by…
State-run Kuwait National Petroleum Company awarded on Tuesday $11.5 billion worth of contracts to build its planned Al-Zour refinery.
KNPC commissioned a consortium, including Spain’s…
BP will look for upstream opportunities in Iran once sanctions on the oil producing country are lifted, but Tehran's intentions for its new oil contracts are unclear, BP's chief executive Bob…
An Omani delegation is visiting Iran to finalize the Iran-Oman subsea gas pipeline project, managing director of the National Iranian Gas Export Company said.
According to Alireza Kameli,…
Japan's embattled utility Tokyo Electric Power Company now expects the compensation costs after the Fukushima nuclear disaster to be more than $57 billion, the government confirmed on Tuesday.
Turkey's natural gas imports from Iran were halted late Monday following a bomb attack on the pipeline 15 km (nine miles) inside Turkey near the border with Iran.
Repairs to the pipeline…
The United Arab Emirates is to end gasoline subsidies from August 1, in a move that will save $7 billion a year for the Persian Gulf state and curb car usage.
Oil explorers are seeking large discounts from contractors and sending some projects back to the drawing board to find cheaper ways to build them after crude prices dropped by half in a year.
…
The National Iranian Oil Company will save on energy transportation costs, if exploratory activities in Golestan Province, located south of the Caspian Sea, produce the desired results in terms of…
SunEdison Inc., the biggest clean-energy developer, began construction of a 110-megawatt solar farm in Chile, its largest in Latin America.
Kuwait called on Saudi Arabia to resume production at the disputed Khafji border oilfield, saying its neighbor will be held responsible for revenue losses, reports said on Tuesday.
Kuwaiti…
European Union's grid connected cumulative capacity in 2014 reached 129 GW, meeting 8% of European electricity demand, equivalent to the combined annual consumption of Belgium, the Netherlands,…
Asian oil buyers, already sucking in barrels from as far away as Alaska and Mexico, are anticipating more bargains when Iran finally returns to world markets.
Royal Dutch Shell, commonly known as Shell, is holding talks with world powers to learn about the immediate and long-term effects of the recent deal signed between Iran and P5+1 over Iran's…
The International Monetary Fund has revised its estimation of energy subsidies paid by the Iranian government in 2015, indicating a $9.6 billion reduction compared with 2013.
The…
Saboteurs attacked a pipeline carrying natural gas from Iran to Turkey in Turkey's eastern province of Agri late on Monday, halting the flow, Turkish Energy Minister Taner Yildiz and state gas…
Oil major BP has reached an additional $1 billion settlement agreement for claims from local US government entities regarding the Gulf of Mexico oil spill, bringing the total bill to $54.6 billion…
South Pars Gas Complex accounts for 54% of the country's total gas production and around 2.1 million barrels of oil equivalent daily, the complex's managing director said.
China halted power flows from solar panels for the first time, as congestion on its electricity grid prevented renewable energy from reaching customers.
About 9% of the nation’s solar…
