French oil and gas major Total extended its oil production growth target of 5% per year until 2022 and plans to focus on projects with a low breakeven, while reducing its costs in a market…
Energy
Oil prices rose on Monday to their highest in eight months after major producers said at a meeting in Vienna the global market was well on its way toward rebalancing.
OPEC’s commitment to cutting production to clear a global glut is working, but the group needs to address rising output from Libya and Nigeria, Iran’s Oil Minister Bijan Namdar Zanganeh said.…
Thermal power plants running on fossil fuels to generate power account for 81.1% of Iran's total electricity production capacity, Thermal Power Plants Holding Company's deputy for planning said…
Tehran-based Dana Energy Company has signed a memorandum of understanding with the National Iranian Oil Company to study two joint oilfields in the southern Khuzestan Province.
According…
The National Iranian Tanker Company has been accredited with a pair of certificates from DNV GL, an international quality assurance and risk management company, NITC said in a statement on…
Iranian officials on Sunday spoke of new investments in the economy and ambitious production targets in a petrochemical industry that is seen as Iran's most profitable sector after oil and gas…
Lukoil plans to keep pumping 100 million tons of oil per year between 2018 and 2027 with projects outside Russia, including potential investments in Iranian oilfields, to keep annual investment…
Billionaire oilman Harold Hamm said the government was way too optimistic with its prediction of more than 1 million new barrels a day in US production, and the snafu is “distorting" global…
Iraq asked on Saturday for assistance in building a nuclear power reactor for peaceful purposes, more than 25 years after the destruction of the reactors it had under the Iraqi dictator, Saddam…
Gasoline consumption in the first half of the current fiscal year (started March 21) reached an average of 81.7 million liters per day, an increase of nearly 8% compared with the corresponding…
The National Iranian Oil Company is voiding export deals for gas condensates with foreign customers to reduce the sale of the hydrocarbon for use in more profitable industries such as…
Operations to construct three 50-megawatt wind power plants in Mil-Nader region in the underdeveloped Sistan-Baluchestan Province in southern Iran commenced on Sunday, the head of the provincial…
As the sun sets on Japan’s solar energy boom, companies and investors are rushing into wood-burning biomass projects to lock in still-high government subsidies.
Iran's light crude extended its rally to $54 per barrel in the week to September 15 along with a global upturn in oil market. The light grade rose by $1.60 to $54.01 a barrel in the week.
Oil prices ended nearly 1% higher on Friday, close to their highest levels in months, as major producers meeting in Vienna said they may wait until January before deciding whether to extend…
French Total has expanded its presence in the Gulf of Mexico by closing a farm-in agreement with Chevron for the development of seven prospects covering 16 blocks in the deepwater section of the…
Russia signaled that it would be willing to prolong the production cuts it agreed with OPEC beyond the first quarter of next year if needed, while also making clear its commitment to the deal…
The National Iranian Oil Products Distribution Company in Kurdestan Province has exported more than 42 million liters of diesel to Iraqi Kurdistan region over the past year, the head of the…
By 2030, the eastern German town of Poedelwitz will likely be razed to get at the rich veins of coal beneath its half-timbered houses. The reason: Chancellor Angela Merkel’s effort to steer…
With a national energy system that chiefly runs on fossil fuels, Iran looks set to finally unlock some of its tremendous potential in clean energy through foreign investment, but an official…
Sri Lanka is in talks with two Chinese companies about investing up to $3 billion to build a new refinery at its Chinese-controlled port, a top government official said on Friday. Sri Lanka…
Indian private refiner Essar Oil's imports from Iran fell by three-quarters in August from a year ago, as it boosted purchases from Venezuela, according to tanker arrival data obtained from…
Brazil's state-run oil company Petrobras is willing to expand oil and gas cooperation with the National Iranian Oil Company in oil and gas-rich Caspian Sea region.
Morgan Stanley and Citigroup Inc. announced they will get all of their energy from renewables in a few years, another show of corporate support for climate action running counter to US President…
