The economic council of the parliament approved funding of four oil projects under Note 2(G) of the national budget law in the present Iranian calendar year (ending March 2015), Shana reported.
Energy
Russia's biggest oil producer Rosneft will continue drilling in the Arctic Kara Sea on its own after the departure of its partner, US oil major ExxonMobil, due to sanctions, the company's head…
Iraq's oil exports from its southern terminals are holding close to a record high in October and Kurdish shipments are climbing, a further sign that fighting has not derailed an expansion of…
Ukraine should be able to find ways of paying for Russian gas supplies within a week, Russian Energy Minister Alexander Novak said on Wednesday, suggesting a standoff would end once Moscow…
Iraq is in dire need to increase its electricity output and has expressed interest in buying the entire electricity output of Gotvand power station, said deputy executive director of Gotvand dam…
Turkey will abandon the “take or pay” principle in gas supplies from Azerbaijan and Iran, Turkish Minister of Energy and Natural Resources Taner Yildiz told local media.
Yildiz said that…
China's September crude oil imports from Iran rose 5.8 percent from a year earlier to 503,261 barrels per day (bpd), in an expected rebound after a fall in the previous month, customs data showed…
Installed wind power capacity could swell by 530 percent to 2,000 gigawatts (GW) by 2030, supplying up to 19 percent of global electricity, a report from a trade association and Greenpeace said.…
A petrochemical development fund has been established in cooperation with the Securities and Exchange Organization (SEO), Mehr News reported.
Russian oil and gas companies may seek financial aid from the country’s National Welfare Fund amid Western sanctions, deputy prime minister Arkady Dvorkovich said on Wednesday. “The government is…
Halliburton Co, the world's No.2 oilfield services provider, reported a 70 percent rise in net income attributable to the company, helped by stronger drilling activity and demand for production…
Japan’s record purchases of liquefied natural gas (LNG) show no sign of slowing as the country continues to try and fill the energy shortfall created when it took its nuclear plants offline three…
The implementation process of Note 2(G) of the national budget law will be finalized soon and investors and producers will be invited to invest, managing director of the National Iranian Gas…
Iraq's cabinet approved on Monday a $278.5 million drilling deal with US oil service company Halliburton for the southern West Qurna- 1 oilfield, Reuters cited a government statement as saying.…
Russia needs to lighten regulation to exploit unconventional oil deposits, including shale, its natural resources minister said, as conventional resources dwindle and Western sanctions limit…
The increase in supply of gas to power plants in the March-September period saved $5 billion in costs, deputy oil minister and the managing director of the National Iranian Gas Company Hamidreza…
Oman Oil Co. is in talks with Occidental Petroleum Corp to buy a minority stake in its assets in the Arab sultanate, the Omani firm’s chief executive was quoted by Gulf Business as saying on…
British Energy Secretary Ed Davey said Monday the European Union can lead the fight against climate change, but only if certain reforms are enacted, UPI reported.
Issues and problems discussed by private producers and manufacturers during the Third National Congress on Oil Industry Contracting System will be addressed by a special committee and necessary…
Iran is the third leading country in dam construction, operating projects in 40 countries, said deputy energy minister Sattar Mahmoudi, ISNA reported.
Thirty Iranian firms have undertaken…
An oil find by Statoil is much bigger than earlier thought and the find could be tied into the Grane field, said the company, Reuters reported. The discovery, first proven in 1992, contains…
Russia's Gazprom has increased its investment program for this year by 220 billion roubles from the previous plan to 1.026 trillion roubles ($25 billion),the company said, Reuters reported. It…
Saudi crude exports fell in August for the fourth month in a row to their lowest levels in three years, official data showed on Monday, as the top oil exporter fights for market share amid weak…
A Kuwaiti oil trade union on Sunday condemned the unilateral closure by Saudi Arabia of an offshore oilfield jointly operated by the Arab neighbours, calling on the government to intervene.
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Ukraine has saved some $500 million on replacing Russian gas supplies with reverse flows from Europe, Ukrainian Prime Minister Arseniy Yatsenyuk said, RIA Novosti reported.
