Russia's top natural gas producer Gazprom said on Friday it has reached an agreement with Kiev on the prepayment of gas purchases and will resume supplies to Ukraine on October 12, once the…
Energy
Goldman Sachs said it expects this week's oil rally to fade and reiterated its call that crude prices will remain lower for longer.
We continue to view the oil market as oversupplied and…
Following the launch of several phases of the South Pars Gas Field last year and a surge in natural gas output, shortage of feedstock for industries and power plants during the winter is no longer…
The Energy Ministry is granting facilities to investors in small-scale power plants that operate at a capacity of less than 25 megawatts, said energy deputy minister.
European oil companies are heading for the best weekly performance in seven years as they added about $74 billion in value following the crude’s surge past $50 a barrel.
Raising crude oil production and restoring Iran's market share in the Organization of Petroleum Exporting Countries is a national necessity, spokesperson of the Majlis Energy Commission said.
Saudi Arabia, the world's top crude exporter, will supply full contracted volumes of crude oil to at least two Asian term buyers in November, unchanged from October, industry sources familiar with…
Indonesia will become an associate member of the International Energy Agency at a meeting in Paris in November, alongside China and Mexico, Indonesia's energy minister said on Thursday. The IEA…
The government may introduce incentives and deterrent measures to encourage Iranian drivers to keep using smart fuel cards, once the deadline to use the subsidized gasoline quota via such cards…
An Oil Ministry official denied reports that Tehran held secret talks with BP managers in the capital last month to hand over two oil projects to the British oil and gas major.
"Iran has…
Saipem has been awarded new contracts by Saudi Aramco and Eni, which are cumulatively valued at $681 million (€600 million).
Iran is ready to challenge the United Arab Emirates in fuel bunkering to vessels in the Persian Gulf, managing director of the National Iranian Oil Products Distribution Company said, adding that…
Oil prices rose on Wednesday after data showed the market was beginning to tighten, with falling supply, higher demand and lower inventories after two years of heavy surplus.
Norway expects its oil and gas investments, a cornerstone of its economy, to drop by nearly 21% by 2017 from a record high last year, the government said in its 2016 budget on Wednesday. Oil…
Gazprom will hold a tender to choose a contractor for Nord Stream-2 pipeline in 2016, deputy CEO of the Russian gas holding told reporters on Wednesday.
"We are within the schedule. We are…
Foreign contractors building power plants will be allowed to export Iran’s electricity, deputy energy minister for planning and economic affairs said on Tuesday, after holding a new round of trade…
Algeria expects a 4.1% rise in oil and gas exports this year to 195 million tons of oil equivalent, after achieving increased yields at its Hassi Rmel, Hassi Messaoud, Berkine and El Merk fields,…
The National Iranian South Oil Company plans to increase oil production by 600,000 barrels per day once sanctions are fully lifted, according to its director general.
"The company is fully…
The drilling process of an oil layer of the giant South Pars Gas Field has drawn to a close, said managing director of PetroIran Development Company.
"We are currently in the well…
OPEC sees the oil market improving because of higher demand for the group’s crude and a drop in supply growth from non-members, its secretary-general said, the latest sign that OPEC believes its…
Gazprom has almost halved the planned capacity of its TurkStream gas pipeline project to 32 billion cubic meters per year from an original capacity of 63 bcm, Gazprom Chief Executive Officer…
Iranian officials explored grounds for cooperation in the energy, particularly the renewables sector, in a meeting with a high-ranking delegation from the northwestern German state of Lower Saxony…
Russia and Saudi Arabia discussed the oil market situation last week and agreed to continue consultations, exchanging views on demand, production and shale oil, Russian Energy Minister Alexander…
Iran's crude sales are on track to hit the lowest in seven months in October, according to a source with knowledge of its preliminary shipping plans.
Iran intends to regain the lost market…
British oil and gas firm BP will pay more than $20 billion in fines to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago, marking the largest corporate settlement…
