OPEC cut forecasts for global oil-supply growth in 2015 as US producers lead a slowdown in drilling after last year’s price collapse, TASS reported.
The Organization of Petroleum Exporting…
Energy
In a country blighted by power cuts and poor infrastructure – and struggling under the impact of the Syrian war across its border -- Lebanon is hopeful that untapped oil and gas reserves may offer…
Gazprom and Turkey have agreed the Turkish Stream’s on-ground passage for further exploration, Gazprom’s CEO Alexei Miller told reporters while commenting on his visit to Turkey.
"We have…
A deepsea natural gas discovery in the northern part of the South China Sea has certified proven reserves exceeding 100 billion cubic metres, making it one of China's biggest offshore finds,…
The Bodo community in the Niger delta will get $84 million to settle claims of environmental pollution by the Nigerian subsidiary of Shell, the Anglo-Dutch oil giant. Despite the relatively large…
Restoration of two dilapidated oil turbines by Iranian experts has saved the country $6 million in hard currency, deputy managing director of Iranian Oil Pipelines and Telecommunication…
A total of 13 agreements on transfer of technical knowledge were signed with the private sector over the past two years, said the managing director of Petrochemical Research and Technology…
Khalij-e-Fars floating oil storage unit (FSU), with capacity of 2.2 million barrels of oil, was officially inaugurated on Sunday, helping expedite oil storage and export operations.
The ministry of science, research and technology has signed an agreement with the National Iranian Oil Company (NIOC) aimed at providing universities and research institutes with scientific data…
Upgrading facilities, including Pier T (long beach container terminal), at Kharg Oil Terminal has helped raise the facility's export capacity by 70,000 barrels per day, managing director of Iran’s…
The oil and gas research centers of Iran and the Azerbaijan have signed a cooperation agreement, ISNA reported Sunday. The agreement was signed in Baku by Amir Abbas Hosseini, deputy director of…
Abu Dhabi Gas Industries (Gasco) has awarded Spain’s Tecnicas Reunidas a $700 million contract for a natural gas project in Abu Dhabi, TradeArabia reported. The contract covers part of Gasco’s…
Italian oil service company Saipem said it had won a contract to lay replacement pipelines at the giant Kashagan field in Kazakhstan, worth around $1.8 billion, TradeArabia reported. North Caspian…
South Pars Gas Complex's output has hit a new record high of 282.5 million cubic meters per day, managing director of SPGC Masoud Hassani said Friday. The company produces around 470,000 barrels…
The fourth national gas pipeline’s capacity is increased by 100 million cubic meters per day (mcm/d), said Ali Akbar Meraati, manager of compressor stations at the National Iranian Gas…
Iran never intended to cancel the gas pipeline contract with Pakistan, managing director of the National Iranian Gas Export Company (NIGEC) said Saturday.
Renault's first electric car to hit the Iranian market, called Fluence Z.E., was unveiled on Kish Island on Saturday, IRIB reported.
Following a projected increase in gasoil production, and with the marketing assessments carried out, gasoil exports from Iran to international markets will commence in March, said deputy oil…
Gasoline prices should be liberalized to optimize fuel consumption, managing director of the Iranian Fuel Conservation Company (IFCO) told ILNA.
Gasoline could be the first energy…
A new report by Allied Market Research suggests that the global second generation biofuels (Advanced Biofuels) market would reach $23.9 billion by 2020, registering a compound annual growth…
US oil workers at two BP Plc plants in the Midwest are joining the biggest strike at refineries across the nation since 1980 as negotiations on a new labor contract were suspended until next week…
Middle Eastern and North African states are expected to invest $755 billion in energy projects over the next five years despite the recent plunge in oil prices, AFP reported.
Iran's biggest solar power plant was inaugurated in Zarand, Kerman Province, IRNA reported.
Following the energy ministry's approval, Zarand is chosen as the pilot location for renewable…
Egypt has three major oil and gas deals worth a total of $9.2 billion underway, after attracting investment of about $2.9 billion for oil and gas exploration in just over a year, a spokesman for…
Asian spot liquefied natural gas prices slipped to trade at a discount to European prices for the first time since 2011, as weak demand weighed, traders said on Friday.
