Blackstone’s $70 billion credit arm, GSO Capital Partners, committed as much as $500 million to fund oil and natural gas development for Linn Energy LLC, according to Bloomberg. The Houston-based…
Energy
With the completion of a 400-kilovolt electricity transmission line between Iran and Azerbaijan by yearend, swap capacity between the two countries will increase, without giving any further detail…
A delegation of Austrian investors arrived at the northern city of Sari to visit sewage treatment, waste-to-energy (WtE), and electricity generation sites, IRNA reported Saturday.
Notwithstanding a six percent increase in electricity production, exports in the first nine months of the current Iranian calendar year (began March 2014) saw an eight percent decrease.
Oil supplies in Iraq and Russia surged to the highest level in decades, signaling no respite in early 2015 from the glut that has pushed crude prices to their lowest in five years,…
A Libyan crude tanker spilled some of its cargo off Singapore after colliding with another ship, adding to the North African country’s challenges as it contends with escalating violence…
Private sector experts warn that the involvement of cooperatives in the construction of micro power plants will bring about negative consequences for the economy, the Persian daily Forsat Emruz…
Secretary General of the Gas Exporting Countries Forum (GECF), Mohammad Hossein Adeli, said the recent oil plunge is leaving an impact on the global gas market as well.
Pakistani Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi said his country seriously pursues the issue of gas import from Iran.
In an exclusive interview with IRNA, Khaqan…
Phase 15 of the South Pars gas field has gone into operation, and sour gas extraction commenced therein, IRNA quoted the executive manager of Phases 15 and 16 as saying on Saturday.
South Sudan's oil revenue last year was hit by reduced output because of conflict in the country and the rapid decline in oil prices, Reuters reported. Oil is the main source of cash for South…
Norwegian oil and gas firm Statoil has started up the Valemon gas and condensate field in North Sea on Saturday and expects to recover up to 192 million barrels of oil equivalents over the field’s…
Russia’s 2014 oil output hit a post-Soviet record high average of 10.58 million barrels per day (bpd), rising by 0.7 percent helped by small non-state producers, energy ministry data showed on…
OPEC’s oil supply fell by 270,000 barrels per day (bpd) in December to a six-month low as fighting cut Libyan output, offsetting record Iraqi southern exports and stable Saudi Arabian production,…
Industries active in oil, power, mining, agriculture and other sectors will face penalties on their energy bills (including the use of electricity, gas, and other petroleum products) if they do…
More than 119 billion cubic meters of gas was pumped into the national gas network in the March-December period, nearly 13 percent higher than the same period last year, deputy of the National…
Petrochemical output will surpass 42 million tons in the present Iranian calendar year (ending March 2015), supervision director of the National Petrochemical Company (NPC) said, Shana news agency…
Darbid in the central Yazd Province is the first Iranian village with its power supply coming through renewable sources, Valioddin Sharabiani, head of the rural electricity supply project…
Falling world oil prices will hurt countries across the Middle East unless Saudi Arabia, the world's biggest crude exporter, takes action to reverse the slump, deputy foreign minister told Reuters…
The National Iranian Gas Company (NIGC) has signed an agreement with a privately-owned firm, according to which the private sector will, for the first time, export electricity based on national…
Croatia on Friday awarded 10 licenses for oil and gas exploration in the Adriatic to three groups, the government said in a statement. Seven licenses went to a consortium of Houston-based Marathon…
Natural gas tumbled to a four-month low in Europe as Ukraine paid its debt to Russia, reducing the risk of disruptions to flows from the continent’s biggest supplier. Russia…
The Obama administration has opened a new front in the global battle for oil market share, effectively clearing the way for the shipment of as much as a million barrels per day of ultra-light US…
The oil ministry should allocate $4.7 billion to supply gas to all rural and urban regions, spokesperson of the government Mohammad-Bagher Nobakht said Wednesday.
Shana said the government'…
Indonesia will ditch gasoline subsidies and link the retail prices to international oil markets from Jan. 1, the chief economics minister said on Wednesday, in one of the biggest reforms to the…
