The National Iranian Oil Company has signed new spot oil export contracts with BP and the Anglo-Dutch Royal Dutch Shell to provide them with oil and gas condensates, director for international affairs at NIOC said on Wednesday.
News ID: 813 Publish Date : 2016/12/30
Imports of crude oil by Iran's four major buyers in Asia in November more than doubled for a second straight month from a year ago, with purchases by India and South Korea more than four times higher.
News ID: 812 Publish Date : 2016/12/30
Egyptian Oil Minister Tarek El Molla has signed three offshore oil and gas exploration and production deals worth a total of at least $220 million with France's Total, Britain's BP and Italian oil major ENI's Egyptian subsidiary IEOC, the ministry said on Wednesday.
News ID: 811 Publish Date : 2016/12/30
Tehran's nuclear deal with the world powers undid an international sanctions regime that had allowed countries and individuals to pillage national resources and inflict harm on the struggling economy, a top presidential aide said.
News ID: 806 Publish Date : 2016/12/30
Oil edged further above $55 a barrel on Tuesday, drawing support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers in 15 years takes effect on Sunday.
News ID: 797 Publish Date : 2016/12/29
Russian oil producer Gazprom Neft said on Tuesday it planned to increase oil production by 4.5-5% next year, less than it had intended before Russia joined a deal to cut global production with OPEC.
News ID: 789 Publish Date : 2016/12/29
Oil and gas development in Iran is attractive to foreign companies because of the relatively lower costs of oil and gas production/exploration in the country
News ID: 786 Publish Date : 2016/12/28
Russia's output of oil products is expected to fall by about 2.5% in 2017 due to further work on a massive refinery modernization program aimed at boosting fuel quality, a deputy energy minister said.
News ID: 783 Publish Date : 2016/12/28
The past two and a half years have not been kind to oil companies.
News ID: 769 Publish Date : 2016/12/27
The Riyadh-based newspaper al-Eqtisadiah retracted a story saying Saudi Arabia is planning to sell almost half of Saudi Arabian Oil Co., the world’s largest oil company known as Aramco.
News ID: 768 Publish Date : 2016/12/27
Gas y Petroleo del Neuquen SA, the oil and gas company owned by Argentina’s Neuquen province, plans to auction exploration rights to six blocks in the Vaca Muerta shale play, local media reported on Saturday, Reuters reported.
News ID: 767 Publish Date : 2016/12/27
Indonesia's Pertamina will buy 1 million barrels of Iranian crude oil, expected to be delivered in the first quarter of 2017, its chief executive Dwi Soetjipto told reporters on Monday.
News ID: 764 Publish Date : 2016/12/26
BP is piling up assets with more than $3 billion of deals in three days as CEO Bob Dudley sees the company emerging from the doldrums after a two-year price slump.
News ID: 760 Publish Date : 2016/12/26
Crude at $55 a barrel is the magic number for the oil and gas industry to turn around, Wood Mackenzie said in a new report, as the consultancy sounded an optimistic note on recent joint production cut announcements by OPEC and major non-OPEC countries.
News ID: 759 Publish Date : 2016/12/26
Should a long-term deal be signed, Iran is ready to supply 100,000 barrels of crude oil per day to Eni
News ID: 756 Publish Date : 2016/12/26
Tehran plans to develop the South Pars oil layer under the framework of Iran Petroleum Contract, the new model of contracts geared to attracting international oil and gas majors
News ID: 754 Publish Date : 2016/12/26
Rosneft's plans for next year allow it to be flexible with production volumes, Russia's top oil producer said on Saturday, after Moscow clinched a deal with OPEC to cut production to bolster weak oil prices.
News ID: 741 Publish Date : 2016/12/25
The Chinese majors seek the development rights of the giant Azadegan and Yadavaran oilfields which approximately hold a total of 50 billion barrels of crude oil in place
News ID: 740 Publish Date : 2016/12/25
Iran's oil export grades topped the $50-per-barrel mark in the week ending Dec. 16, supported by a decision of OPEC producers and outside producers to slash production to alleviate a global oversupply that has depressed prices for more than two years.
News ID: 739 Publish Date : 2016/12/25
Saudi Arabia is planning to sell almost half of Saudi Arabian Oil Co., the world’s largest oil company.
News ID: 738 Publish Date : 2016/12/25
