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Iran sees foreign investors flocking to energy sector![]() ![]() Tehran (UPI) Dec 27, 2016 Iran is drawing in more foreign investors eager to renew work in the energy sector because of the low cost of doing business, a corporate director said. The National Iranian Oil Co. said it expects to award roughly a dozen new agreements for oil and gas developments as the appetite grows for working in Iran's oil and gas sector. Gholam-Reza Manouchehri, a managing director for the NIOC, told the official Islamic Republic News Agency international energy companies have more motivation for engage ... read more |
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![]() As supply-side issues weigh on oil markets, Russian oil producer Gazprom Neft said its production for the year was up more than 7 percent from 2015. ... more ![]() ![]() U.S. retail gasoline prices continued moving higher as the year winds down, but some relief may come with the start of the new year, AAA reports. ... more ![]() ![]() French energy company ENGIE said it was building its European footprint in the liquefied natural gas market with the opening of a new terminal in Turkey. ... more ![]() ![]() Russia's president said his country would meet its obligations in terms of crude oil production, but stressed Friday that Russia is not a member of OPEC. ... more |
Previous Issues | Dec 27 | Dec 26 | Dec 23 | Dec 22 | Dec 21 |
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![]() Members of a House energy panel said they wanted a federal investigation into whether or not the nation's Strategic Petroleum Reserve should be maintained. ... more ![]() ![]() Lingering supply-side strains and traders looking for quick profits as the year draws down pushed crude oil prices into negative territory early Friday. ... more ![]() ![]() After reporting production gains, the Norwegian government confirmed a discovery Friday of at least 25 million barrels in its waters of the North Sea. ... more ![]() ![]() The next lease sale planned by the U.S. government for oil and gas reserves in the Gulf of Mexico will be streamed live on the Internet, an agency said. ... more ![]() ![]() A Russian oil company said its division in Serbia has opened up a new reserve area with the goal of moving from drilling to development next year. ... more |
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![]() ![]() Libyan oil boss in Cairo after production gains ![]() ![]() Following an uptick in oil production, and after boasting of legacy output this week, Norway's Statoil said one of its fields has passed 2 billion barrels. ... more ![]() ![]() Saudi Arabia said it was making progress on economic reforms aimed at correcting a deficit, with both oil and non-oil revenue increasing in 2017. ... more |
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