Total SA said it may take advantage of the slump in crude to make acquisitions that build on the strengths of Europe’s third-biggest oil company in deepwater offshore fields and liquefied natural…
Energy
South Korea and the United States reached a deal on Wednesday to revise a 40-year-old civil nuclear pact that gives the Asian country limited freedom to produce fuel for power generation but…
The completion of oil and gas projects is a government priority to fulfill the needs of the 'economy of resistance,' a policy proposed by the Leader of the Islamic Revolution Ayatollah Seyyed Ali…
Russia’s biggest gas utility, Gazprom, was hit with an antitrust case by European Union regulators for “abusing” its dominant position and overcharging customers for gas supplies, RT reported.
China's crude imports from Iran rose 15 percent in March from a year ago to a 10-month high, although still below the purchases expected from the Iran's largest oil client.
South Pars gas field Phase 13 has had a 74 percent progress and will go into partial operation in the next Iranian calendar year (begins March 2016), chief executive officer of the phase said,…
Production of Euro-4 standard gasoline in Kermanshah Refinery, which was due in 2016, has been postponed to 2019, managing director of Kermanshah Oil Refining Company told ISNA.
An Omani delegation arrived in Tehran to discuss technical issues surrounding gas exports from Iran to the Arab country, managing director of the National Iranian Gas Exports Company (NIGEC) said…
Although ministers of oil and industry have the opposite views on pricing gas feedstock for petrochemical plants, it is expected that they reach a final agreement, yet minister of industry seems…
Unpaid debts to Iran from world petrochemicals and refineries have amounted to 15 to 18 billion dollars among which Greece, India, Shell, BP refineries and Korea Petrochemicals are on top of the…
A court in Japan rejected an attempt by local residents to halt the restart of two nuclear reactors at the Sendai plant in Kagoshima prefecture, BBC reported. Kyushu Electric Power already had…
Oil prices dipped under $62 a barrel on Wednesday after industry data showed a build in US crude inventories for the 15th straight week, adding to concerns of a global supply glut. Brent…
Vitol Group, the world’s biggest independent oil trader, said the cost of finding and pumping crude will prevent prices from dropping much lower than where they are now for prolonged periods,…
European Union regulators are likely to set out anti-monopoly charges against Russia’s energy giant Gazprom, according to reports. State-controlled Gazprom, a major gas supplier to Europe, is…
The world's first floating liquefied natural gas (LNG) project, built by Petronas, is expected to supply its first cargoes in the first quarter of 2016, senior officials from the Malaysian state-…
Norway's Statoil has teamed up with Eni, Lundin Petroleum, OMV and GDF Suez to coordinate exploration activities in the Norwegian Arctic to reduce costs, it said on Tuesday.
The three-year…
A new round of negotiations was initiated between power distributing companies and Japan International Cooperation Agency (JICA), whereby the latter will provide assistance as regards…
The oil ministry has rejected an oil drilling project in West Karun region on account of potential environmental consequences of the operations on Hoor-al-Azim wetland, Oil Minister Bijan Namdar…
The present oil prices are against the interests of oil producing countries and the stability of global oil market, President Hassan Rouhani said after a meeting held with Venezuelan Oil Minister…
Norway launched its 2015 oil and gas licensing round in mature areas on Tuesday, expanding it to include blocks near recent discoveries. New blocks included in the round are near Statoil's Aasta…
Investments should be made to revamp dilapidated water supply networks in urban areas from the National Development Fund of Iran (NDFI), the Majlis Speaker Ali Larijani said on Monday, calling for…
The 19th Arab Oil and Gas Show starts in Dubai, UAE today with trade buyers and technical specialists from the Arab world, Iran, North Africa, and the Middle East as well as the Indian sub-…
Kuwait, which plans to boost oil output capacity by a third by 2020, has discovered four new oilfields in the north and west of the country, a top oil official was quoted as saying by state news…
Oil prices fell to under $63 a barrel on Monday after Saudi Arabian Oil Minister Ali al-Naimi said production in the world's biggest crude exporter would stay near record peaks around 10 million…
Iran is ready to resume petroleum products swap with Turkmenistan and transit the northeastern neighbor's gas through its gas grid, Mohammad Mousa Hashemi, the Iranian ambassador to Turkmenistan…
