South Pars Gas Processing Complex managed to capture more volumes of gases burnt by gas stacks during the last Iranian calendar year, which ended on 20 March 2024.
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Managing director of the National Iranian Oil Company (NIOC), Mohsen Khojastemehr, has said that the Changuleh oil field development contract will be signed soon.
India's end-use energy consumption is set to grow by 90 per cent by 2050 -- one of the fastest growth rates in the world, Russian oil giant Rosneft CEO Igor Sechin said.
Brent crude futures gained 15 cents, or 0.2%, to $79.77 a barrel by 0644 GMT and U.S. West Texas Intermediate crude futures was up 0.1%, or 10 cents, at $75.63 a barrel.
During the period Ibrahim Raisi served as president, the energy sector witnessed a major breakthrough amid boosting oil production and exports.
Managing director of Dehloran Natural Gas Liquids plant (NGL-1300) , Javad Kamari, says that the refining facility is ready to start operations officially.
Residents of Calgary, the largest city in Canada's main oil-producing province of Alberta, face running out of water and need to urgently cut their use after a critical water main break, city officials said on Friday.
Saudi Aramco's shares gained on Sunday, the first trading day after a secondary share offering expected to raise at least $11.2 billion.
OPEC’s weekly basket price fell by 3.79 dollars during the week ending on June 6.
President Joe Biden's administration said on Friday it has increased purchasing of crude oil to replenish the Strategic Petroleum Reserve following its historic sale from the stockpile in 2022.
India's refining capacity is expected to reach 276.1 MMT by 2024, reflecting its strategic focus on enhancing its energy infrastructure to meet increasing domestic and global demand.
Canada's biggest oil sands producers support a paying a tax on carbon but see a proposed federal oil and gas emissions cap as unnecessary legislation, the companies' CEOs told lawmakers in Ottawa on Thursday.
Brent crude futures were down 11 cents, or 0.1%, to $79.76 a barrel while U.S. West Texas Intermediate crude futures rose 13 cents, or 0.2% to $75.68 as of 0824 GMT.
China’s imports of Iranian crude in May surged to the highest level in seven months after a recovery in refining margins.
OPEC Secretariat announced the price of OPEC basket of twelve crudes stood at $87.17 a barrel on 3 June, compared with $81.30 the previous day.
On the sidelines of the oil industry projects in Sistan-o-Baluchestan province, the Petroleum Ministry has implemented a number of social responsibility projects in the southeastern province and is committed to do more.
Sweltering heat and policy measures are fueling a surge in the use of gas-fired power in India, with imports of liquefied natural gas (LNG) forecast to rise sharply over the next two years, industry officials and experts say.
Brent crude futures traded up 57 cents or 0.7% at $78.98 a barrel by 0815 GMT. U.S. West Texas Intermediate crude futures were up 62 cents or 0.8% at $74.69.
Iranian Minister of Petroleum, Javad Owji says a number of gas supply projects will be inaugurated in the southeastern province of Sistan-o-Baluchestan in the presence of the acting president Mohammad Mokhber.
Brent crude futures were up 26 cents, or 0.3%, at $77.78 a barrel by 0825 GMT. U.S. West Texas Intermediate crude futures rose 24 cents, or 0.3%, to $73.49.