TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zanganeh said US President Trump's recent tweet on oil prices was the biggest insult to Wash...

On 2 September the Visund Nord IOR (improved oil recovery) project came on stream, two months ahead of schedule. The project has further been delivere...

TEHRAN (Shana) -- Since taking office in 2013, the administration of President Hassan Rouhani has focused on putting an end on selling raw materials. ...

Hydrogenated hydrocarbon resin and halobutyl production capacity increased 90,000 tonnes and 140,000 tonnes per year respectively Meets growing dema...

TEHRAN (Shana) -- Phase I of Damavand Petrochemical Utility Plant, to be officially launched on Tuesday, September 04, generates 648 megawatts of powe...

Equinor has reached agreement to buy 100% of the shares in Danish energy trading company Danske Commodities (DC) for EUR 400 million, with smaller con...

GE Renewable Energy to rebuild three generators on the 1,117 MW Boundary plant Project will improve generator output performance by +12 percent and ...

Far below some of the planet’s deepest oceans lie vast reservoirs of oil and gas. But developing them must be done with care to avoid disturbing...

Vast resources of oil and gas lie in waters up to several kilometres deep – energy the world’s growing population will need. We have decad...

Producing energy resources deep beneath the world’s oceans has been going on for 40 years, about the span of a worker’s career. So most of...

TEHRAN (Shana) -- Dated Brent moved in a tight US$72-75/bbl range over the second 10 days of July. A slew of bearish events have hit the market since ...

TEHRAN (Shana) -- The National Iranian Drilling Company (NIDC) carried out 15,833 meters of horizontal and directional (slant) drilling operations in ...