Russian gas company Gazprom said it had lodged a case against Turkmenistan's Turkmengaz at the international arbitration court in Stockholm over the price in a supply contract. "A lawsuit has been…
Energy
Iran exported 5 million tons of petrochemical products during the first three months of the current Iranian year (started March 21) valued at $3 billion, coordination and supervision…
As traders speculate over what type of oil is being kept by Iran in floating storage, two Iranian oil officials said on Thursday that the oil was condensate and fuel oil.
Mexico's historic first oil auction has fallen short of expectations, with only two of 14 offshore fields awarded, as the world's biggest firms shunned the inaugural sale.
According to a report released by the Energy Ministry, Iran's electricity production during the first four months of the current Iranian year (started March 21) stands at 98,000 gigawatts hours,…
Italian refiner Saras said it was in contact with Iran and would be ready to restart importing its crude oil once sanctions are lifted.
"Iran will be back on stream by the end of the year…
China repeated a call Friday for talks with Japan over joint development of gas and oil resources in contested waters in the East China Sea.
The US Ridgewood Energy, focused on the deepwater Gulf of Mexico, closed a nearly $2 billion private equity fund that it contends will still prove profitable.
French lawmakers will adopt a long-delayed energy law on Wednesday to reduce the country’s reliance on nuclear reactors and lower carbon emissions by cutting the use of fossil fuels. “It’s the…
Iran has a considerable potential to generate electricity from wind energy, Himan Shoukari, a high-ranking official in the Indian Suzlon group said Wednesday.
Kazakhstan plans to build its fourth oil refinery in Mangistau, with the help of Iranian firms, Deputy Governor of Mangistau Province said.
The head of Lukoil said on Monday the Russian energy group wanted to return to Iran as soon as sanctions on Tehran are lifted, the latest foreign company to signal interest in developing…
An Exxon Mobil Corp. discovery in the Atlantic Ocean off Guyana may hold oil and natural gas riches 12 times more valuable than the nation’s entire economic output.
The United Arab Emirates, the third-biggest OPEC producer, will link gasoline and diesel prices to global oil markets starting next month, becoming the first country in the oil-rich Persian Gulf…
Oil prices fell further in Asia Tuesday, with US crude falling below $50 a barrel as demand for the dollar-priced commodity takes a hit from a strong US currency, analysts said.
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The historic deal between Iran and the P5+1 group (the US, France, the UK, Russia, China and Germany) has several oil majors and refiners considering the impacts of new Iranian crude hitting the…
The Islamic City Council of Tehran has passed a directive aimed at promoting renewable energy, which provides for inauguration of 10 "energy parks" in the capital by the yearend, head of…
The world’s two largest oilfield service providers shrugged off a yearlong crude market crash with better-than-expected quarterly results in North America, helped by aggressive cost cuts from…
Japan called on China on Tuesday to halt construction of oil-and-gas exploration platforms in the East China Sea close to waters claimed by both nations, concerned that Chinese drills could tap…
The oil guru who predicted last year’s rout said $100-a-barrel crude is likely to return within five years as faltering supply fails to meet demand.
China's crude oil imports from Iran rose in June to a two-month high, customs data showed on Tuesday, just as the Islamic Republic begins to look ahead to ramping up its exports in the wake of…
Iran's petrochemical industry needs $70 billion in investment and negotiations with German enterprises are underway for transferring cutting-edge technology to Iran, which also requires investment…
Indian ONGC Videsh Ltd., the offshore arm of Oil and Natural Gas Corporation Ltd, is keen to develop the Farzad-B gas find in Iran, which is now open to international competition, Trend News…
Russian oil major Lukoil intends to take part in new tenders on oilfields development in Mexico, Chief Executive Officer of Lukoil Vagit Alekperov said on Monday. "We will take part further on. We…
Europe’s dependence on imports of Russian gas will only grow, Russian Energy Minister Alexander Novak said in an interview with the Rossiiskaya Gazeta daily to be published on Monday.
