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ExxonMobil reports seventh discovery offshore Guyana

IRVING, Texas -- ExxonMobil Corporation has announced its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well.

Friday, March 2, 2018
Foreign direct investment in Canada plunges on oil exodus

OTTAWA (Bloomberg) -- Foreign direct investment into Canada plunged last year to the lowest since 2010, hampered by an exodus of capital from the nation’s oil sector and worries about the fate of the North American Free Trade Agreement.

Friday, March 2, 2018
U.S. shale surge offsets lowest Saudi oil imports since 1980s

HOUSTON (Bloomberg) -- America’s role in the global oil market was flipped on its head in 2017. As shale producers cranked out more and more crude, the U.S. relied less and less on some of its traditional sources of oil. At the same time, exports of crude, gasoline and other refined fuels surged higher than ever before.

Friday, March 2, 2018
Iran, India to Enhance Energy Ties: Spokesman

TEHRAN, Feb. 26 (Shana) -- The energy ties between Iran and India will increase in such areas as Makran Coasts and Chabahar Port, Iranian Foreign Ministry Spokesman Bahram Ghasemi said.

Wednesday, February 28, 2018
Iran Preparing of Contractual Mechanism for Gas Export to Oman: Official

TEHRAN, Feb. 27 (Shana) -- The managing director of National Iranian Gas Export Company (NIGEC) says Iran is preparing the mechanism for implementing a gas export project to Oman under the terms of EPCF or BOT contracts.

Wednesday, February 28, 2018
Flare Stack of South Pars 14 Platform lit

TEHRAN, Feb. 24 (Shana) -- The offshore platform of phase 14 of the supergiant South Pars Gas Field has been lit, operator of the phase's development project said.

Sunday, February 25, 2018
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