Brazil's state-led oil company Petroleo Brasileiro SA said its second-quarter net income fell a steeper-than-expected 89% after a one-time charge for underperforming assets.
Quarterly…
Energy
Italian energy group ERG is to buy German utility E.ON's Italian hydroelectric power plants for about $1 billion, expanding its renewable portfolio which mostly comprises wind farms.
The TAPI Steering Committee has unanimously endorsed State Concern “Turkmengas” as the consortium leader of TAPI Pipeline Company Limited to spearhead efforts to build, finance, own and operate…
An explosion targeting a power installation in eastern Iraq has disrupted the flow of electricity from neighboring Iran, the electricity ministry said, aggravating energy shortages amid a weeks-…
Iran and Italy held negotiations to restore ties in oil, gas and petrochemical sectors, Oil Minister Bijan Namdar Zanganeh said following his meeting with the visiting Italian delegation in Tehran…
The downward trend in the price of oil has nothing to do with Iran's doubling its production ceiling in post-sanctions era, Mohammad Ali Khatibi, Iran's former representative to the Organization…
Ukraine is boosting daily imports of natural gas from Slovakia by 33% from August 6 to 30.3 million cubic meters, the head of press service of Ukraine's gas pipeline operator Ukrtransgaz, Maksim…
Oman has ramped up oil production to a record high in June, adding to a global supply glut that has hit oil prices. June production reached 992,700 barrels per day of crude oil and light oil…
Baku has proposed Tehran utilize Azerbaijan's route and infrastructure to export oil and gas to the international markets, Azerbaijan's minister of economic development said.
A high-ranking Italian economic delegation arrived in Tehran on Wednesday to hold talks with Iranian Oil Minister Bijan Namdar Zanganeh, the latest in a series of European officials seeking trade…
Oman’s oil production rose during the first half of this year by 2.9% to reach 175.6 million barrels, compared with 170.8 million barrels during the same period of last year. National Center for…
Kuwaiti, Austrian and Azerbaijan's investors have visited Ilam Province to explore investment potentials in the region's energy projects, Ilam Province's governor said.
Indonesia's Pertamina is losing 80 billion rupiah ($6 million) a day from subsidized fuel sales, adding to losses from declining oil prices that have cut into first-half profits in its upstream…
Total SA, Europe’s biggest refiner, is taking preliminary steps to restart its La Mede plant in southern France, which was halted in June by a strike.
“The installations will gradually move…
Russia has filed an application to expand the boundaries of its continental shelf in the Arctic Sea.
Moscow made a similar claim in 2002, but the United Nations turned it down for lack of…
Parsabad Moghan's substation development project in Ardabil Province, northwestern Iran, is ready to go on stream, managing director of Azarbaijan Regional Electricity Company said on Wednesday.…
Russia has submitted its bid for vast territories in the Arctic to the United Nations, the Foreign Ministry said on Tuesday.
The ministry said in a statement Russia is claiming 1…
Oil pumping in the Iraqi pipeline carrying Kurdish and Kirkuk oil to Turkey’s Mediterranean port of Ceyhan has been halted since last Thursday, shipping agents and Turkish energy sources said.…
The total solar energy absorbed by Iran's atmosphere, oceans and land masses is above international levels, reaching 8 kilowatt-hours per square meter in some regions, such as Qasr-e…
Russian nuclear giant Rosatom and Vietnam’s state-owned Vietnam Electricity have signed a framework agreement for building the Southeast Asian country’s first nuclear power plant, the Russian…
Four small-scale power plants have become operational on Greater Tunb Island in the Persian Gulf, while plans are underway to improve Abu Musa Island's electricity system.
The four power…
Government officials have pushed for private sector's involvement in oil exports.
The issue was discussed during a meeting at Tehran Chamber of Commerce, Industries, Mines and…
Oil recovered to just above $50 a barrel on Tuesday after touching a six-month low in the previous session, although high global production and concern over the economic outlook in China weighed…
The construction of a $10 billion gas pipeline stretching from Central to South Asia is set to begin in December, Pakistani officials said on Monday after meeting with a delegation from…
India’s oil imports from Iran rose 2.4% in July from a year ago, with some of the shipments among the first after a landmark deal that will allow Tehran to boost exports in return for curbing its…
