As recently as last year, only four countries in the world were producing commercial volumes of either natural gas from shale formations (shale gas) or crude oil from tight formations (…
Energy
With the South Pars phases coming on stream, Iran's gas production reportedly amounted to 100 million cubic meters per day, which has led to a surplus mazut capacity, sources close to Mehr News…
Iran is all set to commence gas export to Iraq on condition that the Iraqi side provides security in its territory, managing director of the National Iranian Gas Export Company told Shana.
During the first three months of the current Iranian year (began March 21) more than $6.2 billion worth of gas condensate and petrochemical products were exported.
Kuwait has reinforced security measures at its oil facilities following the attack on a Shia mosque in Kuwait City in which 27 people were killed and 227 others injured.
Qatar Petroleum has decided not to assign any contracts by direct agreement with the relevant parties, including wholly- or partly -owned companies by QP or its subsidiaries.
Essar Oil, Iran's leading Indian client, imported 24.6% more oil from Tehran in May compared to a year earlier, according to tanker arrival data obtained from sources and assessed by Thomson…
France said Friday it would look into building two nuclear reactors in Saudi Arabia as part of a multi-billion-euro package of deals.
A feasibility study will be carried out to build two…
Long-frustrated wind and solar developers in Australia can now get to work on more than $11 billion in projects after a new renewable energy target passed parliament.
Oil and gas exploration has commenced in a new field in the Caspian Sea near the border with Turkmenistan in Golestan Province, managing director of Khazar Exploration and Production Company …
Royal Dutch Shell has recently held talks in Iran to discuss business cooperation with the oil and gas-rich country should international sanctions on Tehran become history…
Rainer Coperion sales and marketing manager for German Co. TIB Chemicals said that this company is due to reopen its representative office as soon as the sanctions become a thing of the past…
Gazprom will invest $8.8 billion through 2017 in a giant gas pipeline to China, an executive at the state-owned gas company said Thursday, news agency RIA Novosti reported. The…
The second modern Iran-owned offshore drilling rig DCI-2 joined the drilling fleet last week for use in the South Pars gas development projects, Shana news agency quoted Fazel Jamalzadeh, managing…
Renewable energy will draw almost two-thirds of the spending on new power plants over the next 25 years, dwarfing spending on fossil fuels, as plunging costs make solar the first choice for…
Qatar Petroleum plans to expand overseas after a restructuring that included the takeover of its foreign investment arm and the firing of some foreign workers.
China's crude oil imports from Iran fell in May to their lowest levels in four months, official customs data showed on Wednesday, as overall crude imports dropped during the traditional…
Angolan President Jose Santos arrived in China this week and is expected to sign economic agreements in the energy sector. Angola is hugely dependent on its oil exports and particularly demand for…
Oil prices are expected to extend a rebound thanks to improved global growth, a drop in stockpiles and fewer drilling rigs, Kuwaiti Oil Minister Ali al-Omair said.
"We have reached a stage…
Iran has reached a preliminary agreement with Turkey to increase gas exports at a modified price, Iran's ambassador in Ankara told reporters.
The government of Turkmenistan expects the selection of the consortium that will finance the Turkmenistan-Afghanistan-Pakistan-India gas pipeline project to be finalized by September 1, the…
State oil and gas PetroVietnam group and Gazprom have signed an agreement to develop two gas fields in Russia, the Vietnam News reported. Under the pact signed last week in Russia, the two…
Oilfield services provider Petrofac Ltd said strong performance at its engineering and construction division had helped increase its order backlog to $20.5 billion at the end of May.
Lawmakers in Germany said that an EU agreement for a $25 billion state subsidy by the UK to build a nuclear power station is illegal and should be annulled, in another twist in Europe's nuclear…
Nigeria's new government should sell its stakes in joint ventures in the country's energy industry, the chairman of Seplat Petroleum said on Monday, adding his company would be interested in…
