Oil hit four-month lows on Monday after a steep drop in Chinese stock markets and on more evidence of a global supply glut that has halved prices over the past year.
Chinese stocks tumbled…
Energy
Iran should not only reclaim the lost oil and petrochemical share, but also enter lucrative markets, Hassan Khosrojerdi, the head of Petrochemical, Gas and Oil Exporters' Union, said Monday…
Speculators’ conviction that oil will rally weakened at the fastest pace in three years, just before futures tumbled into a bear market.
The net-long position in West Texas Intermediate…
Lobbying over whether to scrap the four-decade-old US ban on exporting crude oil has almost doubled, as proponents push to build momentum toward a showdown likely to come sometime after the 2016…
A water-powered motorbike with the ability to travel up to 500 miles on a liter of water is turning heads in Brazil.
The "T Power H2O" motorcycle was created by Sao Paulo-based public…
Technip Italy, a world leader in project management for the energy industry, has finalized two joint agreements valued at $2.9 billion with Egypt-based companies for upgrades of two refineries in…
Reliance Industries Ltd., operator of the world’s biggest oil-refinery complex, will reestablish trading ties with Iran once sanctions are eased following the nation’s nuclear accord with world…
Iran's Mapna Group has signed a $2.5 billion contract with the Iraqi Shamara Holding Group to provide technical and engineering services for the construction of a 3,000-megawatt power plant in…
China's biggest coal producer, Shenhua Group, plans to list its wind farm assets in an initial public offering in Hong Kong valued at up to $1 billion. The IPO is expected for the first half of…
Transporting 36 billion liters of crude and other oil products, including gasoline, fuel oil, diesel and kerosene, through pipelines to target markets is estimated to cost $140 million during the…
Iraq's southern oil exports have risen above 3 million barrels per day so far in July, according to loading data and an industry source, setting shipments from OPEC's second-largest producer on…
In response to US and EU sanctions, Russia has embarked upon a heavily publicized “pivot” to Asia over the last 18 months, seeking new strategic and economic partners to mitigate the effects…
The Iranian Central Oil Fields Company's gas production has increased by 103% in the last Iranian year (ended March 20) compared with the previous year, having produced approximately 1 billion…
With the announcement of a nuclear deal with the West and the prospect of sanctions relief within a year, Iran is looking to revitalize its oil and gas industry.
The construction of Anahita Refinery, located in the west, will commence as of August 24, Abdolreza Mesri, a lawmaker from Kermanshah, said on Sunday.
According to Mesri, the refinery will…
Iranian experts manufactured the first fully-indigenized hydropower turbine.
The turbine, which is of vertical Francis type, was installed in Azad Dam 10-megawatt power plant in …
Nigerian President Muhammadu Buhari plans to split the state-owned Nigerian National Petroleum Corporation into two entities, his spokesman said on Saturday. Buhari, elected in March on promises…
Federal prosecutors formally accused executives from Brazil’s top builders of participating in the country’s biggest corruption scandal in history.
Prosecutors on Friday accused Marcelo…
Obtaining advanced western technologies in the petrochemical sector is now more important for Iran than regaining the lost market share in the US and Europe, a senior official in the National…
Domestic oil equipment producers are capable of competing with foreign brands in international markets and meeting domestic needs.
“I am positive that due to competitive prices, even the…
Iran is set to sign a deal with South Asia Gas Enterprise Ltd., aka SAGE, to export gas to India through the longest subsea gas pipeline, Alireza Kameli, managing director of National Iranian Gas…
Essar Oil's crude imports from Iran jumped to its highest level in 15 months in June when the private refiner shipped in about 73% more oil from Tehran compared to the previous month.
Greece will look to alternatives to privatizing its power grid operator ADMIE as part of a new bailout deal with its lenders, Energy Minister Panos Skourletis said. "We will follow the path of…
There may be an increase in Iranian gas production to 11 million cubic meters a day by 2017 and the country hopes Europe could become one of its key markets.
Exploration activities have commenced to find oil and gas reserves in a geologically complex anticlinal trap, in the southern Fars Province.
