Indonesia calls for enhancing oil, gas cooperation with Iran

Kuala Lumpur, March 10, IRNA – Member of Indonesian parliament Fazel Mohammad expressed the hope for his country to develop relations in the field of oil and gas with Iran.

Monday, March 12, 2018
Europe purchases 40% of Iran's exporting oil in February

Tehran, March 6, IRNA – Iran exported around 2.6 million barrels of oil and gas condensates in February, 40 percent of which was for the European purchasers.

Friday, March 9, 2018
Statoil contracts West Phoenix to drill in UK, Norway

STAVANGER -- Statoil and its partners have contracted the West Phoenix rig for exploration drilling on the UK and Norwegian continental shelves from the summer of 2018.

Friday, March 2, 2018
UAE oil output said to drop most in year on works

KUWAIT (Bloomberg) -- Oil output in the United Arab Emirates slumped the most in a year last month as maintenance at fields in the Persian Gulf reduced supplies from the Middle East’s fourth-biggest crude producer.

Friday, March 2, 2018
Canada’s Cenovus Energy Posts Jump In Quarterly Profit

Reuters -- Oil producer Cenovus Energy Inc.’s said Feb. 15 its fourth-quarter profit soared, as production nearly doubled and the Canadian company reined in expenses.

Friday, February 16, 2018
A Year Into OPEC Production Cuts, Asia's Oil Markets Have Tightened

Reuters—Just over a year into production cuts lead by OPEC and Russia, oil markets in Asia have tightened noticeably as significant amounts of excess crude have been taken off tankers used for storage and delivered to customers across the region.

Friday, February 16, 2018
Thailand Plans March Auction For Erawan, Bongkot Gas Fields

Reuters - Thailand expects to hold an auction for two gas fields in March after terms are approved, Energy Minister Siri Jirapongphan said Feb. 9 at a seminar.

Saturday, February 10, 2018
Oil Prices Slide Toward Weekly Loss On Excess Supply Worries

Reuters - Oil prices fell for a sixth day on Feb. 9, and were on track for their biggest weekly losses in 10 months, as record-high U.S. crude output added to concerns about a sharp rise in global supplies.

Saturday, February 10, 2018
Gazprom Neft reports 26% year-on-year increase in net profit for 2017

World oil (MOSCOW) -- Gazprom Neft today publishes preliminary consolidated IFRS financial statements for the 12 months ended Dec. 31, 2017.

Wednesday, February 7, 2018
Intl Pergas Consortium-MAPNA feasibility study proposals reviewed

Tehran, Jan 30, IRNA – The proposals of the International Pergas Consortium and MAPNA Company for feasibility studies on development of Karanj field were studied by the reservoir management advisors' committee.

Wednesday, January 31, 2018
NIOC reviews Wintershall Proposal for Developing Oilfield

Germany's energy major, Wintershall, has submitted its proposal for developing Iran's Dehloran Oilfield to National Iranian Oil Company (NIOC), which is now studying the plan.

Tuesday, January 30, 2018
Saudi Aramco awards contract for 13 jackets to McDermott International

DUBAI -- McDermott International, Inc., has announced a large* contract award from Saudi Aramco for the engineering, procurement, construction and installation (EPCI) of 13 jackets in Zuluf, Marjan, Berri and Abu Safah fields, offshore Saudi Arabia.

Monday, January 29, 2018
OECD upgrades Iran risk rating: Envoy

Tehran, Jan 27, IDROOIL - The Organization for Economic Cooperation and Development (OECD) has upgraded Iran’s risk rating from 6 to 5, Iran envoy to the UK said.

Sunday, January 28, 2018
Iran light crude price hits $69 a barrel

Tehran, Jan 28, IRNA – Iranian light crude was sold for $69 a barrel on January 19 after a period of upward selling since the beginning of 2018.

Sunday, January 28, 2018
Shale Oil Competition with OPEC, non-OPEC

TEHRAN, (Shana) -- Shale oil and gas extraction in the United States has commanded headlines in recent years.

Monday, January 22, 2018