Egypt has signed six new oil and gas exploration contracts worth hundreds of millions of dollars with foreign and Egyptian companies, the oil ministry said.
Energy
Petrobras reported results of a drilling well, located at concession area in ultra-deep waters in the Farfan area of the Sergipe Basin offshore Brazil, Oil & Gas Financial Journal…
Contracts have been signed for the construction of more than 1,000 megawatts (MW) of renewable energy power stations during the current Iranian calendar year (ends March 20), deputy energy…
With the oil prices falling in international markets, the Philippines is expected to be the biggest winner and Norway and Russia as the biggest losers in 2015, a report suggests.
Citing…
Given the rising consumption of gas and other energy carriers in Iran, even the world's largest gas reserve, South Pars in Asalouyeh region of Bushehr Province, does not seem to be capable of…
The volume of petrochemical production will increase around eight million tons by the end of the next Iranian year (March 2016), said deputy oil minister on Saturday.
A decision has been made on the contractor and the site for the construction of a new pipeline to transfer products from the Persian Gulf Star Refinery (in Persian: Setareye Khalij Fars), managing…
BP Plc and Anadarko Petroleum Corp narrowly failed to persuade a US appeals court to reconsider its 2014 ruling that they could face civil fines under federal pollution laws over the 2010 Gulf of…
The 11th international energy exhibition known as "Kish Enex 2015" will open on the Persian Gulf island of Kish on January 12.
Plummeting Brent oil prices are putting pressure on North American shale, which has sunk hundreds of billions of dollars into investment, and could soon come crashing down.
Tempted by big…
Iran has sought more flexibility in using an estimated $6 billion in accumulated oil payments from India to buy "non-sanctioned" items — beyond "humanitarian goods" — from third countries as…
Iran is ready to export natural gas to Pakistan as previously agreed between the two countries, announced oil minister Bijan Namdar Zangeneh, as quoted by Mehr news agency.
Through production of 4.2 million barrels of oil, some 450,000 barrels of polluted water is discharged into the environment, said the research and technology manager of the National Iranian Oil…
Gasoline imports dropped from an average 10 million liters per day (ml/d) last year to only 4.5 ml/d in the current Iranian year (ending March 20), indicating a 55 percent decrease, managing…
More than 40,000 megawatts (MW) of technical capacity for wind energy has been identified in the country, managing director of Renewable Energy Organization of Iran (SUNA) announced.
Kuwait has awarded a $4.2 billion contract to develop heavy oil fields in the north of the country, the central tenders committee announced. The project, called Lower Fars Heavy Oil Development…
Ukrainian coal production fell 22 percent in 2014 to 65 million tons after the pro-Russian separatist conflict disrupted mining operations in the country's eastern industrial heartland, deputy…
European natural gas trading rose to a record on the Intercontinental Exchange Inc. last year as the continent faced the threat of supply disruptions from Russia.
One of the most honest and direct announcements regarding the oil industry was made on Dec. 31 by Mohsen Qamsari, director of the International Affairs Department of the National Oil Company. He…
Oil giant Shell has agreed to pay a Nigerian fishing community about $83.5 million for the worst oil spill ever suffered in Nigeria, Aljazeera reported.
Iran is ready to increase diesel exports to Afghanistan, said deputy oil minister, adding that negotiations are underway to prepare the ground for oil exports to the eastern neighbor.
A total of 30 million barrels of oil was produced at joint Yadavaran oilfield since January 2012, making it as the only joint field where Iran's production has exceeded that of the other holder.…
During the previous administration, Mapna Group acquired power plants, with a total generation capacity of 2,000 megawatts (MW), in lieu of the energy ministry's debts to the company, its managing…
Thailand's energy demand is expected to rise 2.9 percent in 2015, in line with the country's economic growth, up from a rise of 2.2 percent a year earlier, the energy ministry said on Wednesday.…
The price of Iranian crude oil has declined below $50 a barrel, amid a global supply glut that has pushed international oil prices to a five-and-a-half-year low, Tasnim news…
