Saudi Aramco may raise the number of its oil and gas drilling rigs to as high as 250 next year if oil prices continue to firm and as domestic demand for gas increases, industry sources said on…
Energy
Oman has committed to invest $7 billion to build oil storage facilities, a petrochemical plant and a refinery in Indonesia, an Indonesian minister said on Thursday, Reuters reported. Oman also…
Makran petrochemical complex will be Iran’s new petrochemical hub, currently being constructed with more than $12 billion in private investment, IRNA reported.
Apart from drinking and agricultural needs, the huge increase in water demand is now affecting key industries, namely power generation and experts have warned that the present situation coupled…
Billionaire Viktor Vekselberg is out to prove that solar has a place in Russia, the world’s largest exporter of oil and gas, Bloomberg reported.
Hevel Solar, a venture between Vekselberg’s…
The first gas unit of Mahshahr Combined Cycle Power Plant in Khuzestan Province will be launched by October, managing director of the Khuzestan Regional Electricity Co. (KZREC) said, Shana…
France's lower house of parliament has approved a bill aimed at boosting renewable energy and reducing the country's reliance on nuclear power, among other environment-friendly measures, AP…
Investing in small-scale power plants and improving infrastructure to expand power generation are among opportunities now available to private enterprise, deputy managing director of the Iran…
Research Institute of Petroleum Industry (RIPI) has won an international tender to build and design four refineries as a licensor for the first time in a foreign country, whose name has not been…
Japan cleared the way on Wednesday for a resumption of nuclear power, four years after the world's worst atomic disaster in two-and-a-half decades led to the shutdown of all the country's reactors…
A Brazilian judge on Tuesday jailed a former executive with Brazil's state-owned oil giant Petrobras for five years for his role in a huge graft scandal after evidence emerged of a massive…
A senior nuclear negotiator noted that any decision regarding the red lines in the negotiations with the major powers over Tehran's nuclear program carries the approval of the Leader of the…
Gas prices have increased 15 percent for household, commercial, and public sectors, Fars news agency quoted managing director of the National Iranian Gas Company (NIGC) as saying Tuesday.
A total of $10 billion will be allocated by the National Development Fund of Iran to restrain border waters, pursuant to the authorization issued by the Supreme Leader Ayatollah Seyyed Ali…
A once-popular pair trade pitting the US dollar against oil prices has re-emerged in recent weeks, injecting a new wildcard into the market just as the Organization of the Petroleum…
Mexico approved 19 companies and seven groups to bid on 14 shallow-water exploration blocks as the country prepares to allow private producers to drill in its waters for the first time since 1938…
Fighters from the Islamic State (ISIS) group have set large parts of Iraq’s largest oil refinery on fire, in an effort to thwart advances by Iraqi security forces.
A total of 67 incomplete petrochemical projects need an estimated $40 billion to come on stream, but financial constraints have necessitated new approaches such as project funds to attract…
Pursuant to the scrapping of gasoline quotas and offering fuel at a single price of 10,000 rials (30 cents) for motorists at the weekend, observers and analysts voiced their opinions, local media…
Iran's first delayed coker unit has been manufactured for Abadan Refinery, head of Downstream Pardis at the Research Institute of Petroleum Industry (RIPI) said, Shana news agency reported Tuesday…
Chinese state-owned energy giant China National Petroleum Corp (CNPC) has discovered more than 100 million tons of tight oil geological reserves in its Changqing field, Reuters reported on Tuesday…
The drop in the cost of UAE’s solar powered energy sources has reached parity with cost of fossil fuels, making it economical and commercially viable, according to the ‘REmap 2030’ report, which…
Despite the fact that China is the biggest importer of Iranian sulfur "it affects prices through dumping.
Japan’s Mitsubishi Corp and Tokyo Electric Power Co (Tepco) said on Monday they had won a contract to build a 300 billion yen ($2.5 billion) gas-fired power plant in Qatar, as Japan steps up…
First phase of North Azadegan and Yadavaran oilfields will go into operation by the end of the current Iranian calendar year (began March 21), managing director of Arvandan Oil & Gas…
