China National Petroleum Corp. is expected to take the lead on a $5 billion project to develop Iran’s share of the world’s biggest gas deposit, taking over from France’s Total SA, which halted operations after U.S. President Donald Trump reimposed sanctions on the Islamic Republic.
A price war is brewing between top oil producers in the Middle East, and the U.S. may be at the heart of it.
The Government will "certainly" stand up to US President Donald Trump over his administration's sanctions on Iran, the minister of state for the Middle East has said.
Oil prices were trading higher on Tuesday amid expectations that US sanctions on major exporter Iran will tighten global supply.
The U.S. embargo on Iran oil shipments has put Prime Minister Narendra Modi in a quandary. If he plays along, India could find itself on the right side of President Donald Trump on trade but lose cheap supplies and precious foreign exchange.
President Donald Trump may have ordered the re-imposition of sanctions on Iran, but one of Asia’s biggest oil importers -- and a key strategic ally of the U.S. -- plans on ignoring them.
BP’s decision to delay work aimed at increasing production from the Rhum field because of US sanctions on Iran is “good news” for Serica Energy, analysts have said.
The U.S. stepped up its opposition to the Nord Stream 2 natural gas pipeline linking Russia and Germany, saying the project raises security concerns and that it could draw U.S. sanctions.
Iran has signed an agreement with a British consortium to develop an oil field in the country's south, according to state TV.
OPEC has enough spare production capacity to cushion oil markets if the U.S. re-imposes sanctions on Iran, according to United Arab Emirates Energy Minister Suhail Al Mazrouei.
Oil retreated from the highest level since 2014 as investors weighed competing views on whether the U.S. will reimpose sanctions on OPEC producer Iran and the potential consequences of such a decision.
Exxon Mobil said it’s abandoning joint ventures with Russia’s Rosneft PJSC after international sanctions against the nation’s energy sector paralyzed a historic drilling project.
The Trump administration has decided not to punish anyone - for now - under new sanctions retaliating for Russia's election-meddling, the State Department has said.
Fresh sanctions against North Korea secured by Britain to ramp up pressure on the regime will be signed off by European ministers, Boris Johnson has said.
Iran needs only five days to ramp up its uranium enrichment to 20%, a level at which the material could be used for a nuclear weapon, the Islamic Republic’s atomic chief has warned.
BP's chief executive does not expect the latest batch of sanctions imposed on Russia by Washington to have an adverse impact on the oil major's operations.
Iran’s president has said that his country will stand up to the United States and reciprocate any new sanctions that America imposes on the Islamic Republic.
The European Union has extended sanctions against Russia for a year over its annexation of Ukraine’s Crimean Peninsula in 2014.
For investors in Russia’s energy and metals sectors, the U.S. Senate’s bill to expand sanctions was a blow. Whether it will hurt Russian companies targeted by the legislation is less certain.
Total is reported to be in talks to buy a multi-billion dollar stake in Iran's part built liquefied natural gas (LNG) export facility.
Fresh US sanctions against OPEC member state Iran have had no effect on talks between the Islamic Republic and international oil companies, it has been claimed.
US president Barack Obama has unexpectedly declined to sign legislation renewing sanctions against Iran - but has let it become law anyway.
The greatest concern for businesses looking to enter Iran is the remaining US sanctions, and its effect on the ability to raise finance according to research.
Two years ago, BP Plc said international sanctions against Russia could hurt its business there.
Iran is one of the most significant producers of crude oil and natural gas in the world. According to the OFAC Annual Statistical Bulletin 2015, Iran has proven crude oil deposits equating to 157,530 million barrels and natural gas reserves of 34,020 billion cubic/meters. While subject to comprehensive international sanctions, the Iranian natural resources sector had severely limited access to international markets both for export and inward investment.