Petroleum

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Spanish integrated firm Repsol further reduced its exposure to its upstream business in Venezuela in the third quarter thanks to a small provision and a rise in crude receipts from the country.
News ID: 7118    Publish Date : 2019/11/04

Oil slipped toward $61 a barrel on Monday, falling for a second day, pressured by expectations for a rise in US crude inventories and fading optimism over a US-China trade deal.
News ID: 7100    Publish Date : 2019/10/29

US oil production is likely to peak in the next few years as current petroleum prices are capping the pace of expansion, Russian Energy Minister Alexander Novak said on Tuesday.
News ID: 6902    Publish Date : 2019/10/22

Oil fell on Monday as concerns about economic growth combined with signs of ample global supplies pressured prices, outweighing bullish signals from Europe, where fears of an economically damaging no-deal Brexit have eased.
News ID: 6838    Publish Date : 2019/10/21

Afire in a canal carrying waste from the Abadan Oil Refinery was doused without fatalities on Sunday.
News ID: 6806    Publish Date : 2019/10/20

Iranian Minister of Petroleum Bijan Zangeneh said there had been talks with a number of domestic firms to develop the South Pars Oil Layer (SPOL), however no results have been obtained so far.
News ID: 6576    Publish Date : 2019/10/08

Iranian Minister of Petroleum Bijan Zangeneh said that the offshore sections of 27 South Pars phases would be fully developed in the first half of 2020.
News ID: 6575    Publish Date : 2019/10/08

The first phase development project of Azar Oilfield will be complete with 65,000 b/d of crude oil production capacity.
News ID: 6562    Publish Date : 2019/10/06

Ecuador said Tuesday it will leave the Organization of Petroleum Exporting Countries in January.
News ID: 6549    Publish Date : 2019/10/02

The secretaries general of the Organization of the Petroleum Exporting Countries and the Gas Exporting Countries Forum (GECF) signed a Memorandum of Understanding to strengthen cooperation in research and sharing of best practices.
News ID: 6547    Publish Date : 2019/10/04

Iranian Oil Minister Bijan Namdar Zanganeh reassured that the country’s oil output can increase to pre-sanctions’ volume 3 days after limitations are removed.
News ID: 6276    Publish Date : 2019/08/29

Iranian Oil Minister Bijan Namdar Zanganeh said that his country stands atop members of the Organization of the Petroleum Exporting Countries (OPEC) in production of gasoline, stressing plans to increase exports.
News ID: 6273    Publish Date : 2019/08/29

Venezuelan state-owned PdV is preparing to sign a barter agreement with Swiss contractor Sulzer to repair its refineries in exchange for the supply of fuel oil, asphalt and petroleum coke, according to presidential palace, oil ministry and PdV officials in Venezuela.
News ID: 5946    Publish Date : 2019/08/15

Petroleum Development Oman, the largest oil and condensate producer in the sultanate, is on track to increase its output capacity by more than 10% to top 670,000 bpd in five years as it ramps up exploration activity and pumps more out of existing fields, a company official told S&P Global Platts.
News ID: 5777    Publish Date : 2019/08/06

The National Iranian Drilling Company has drilled and repaired 51 onshore and offshore oil and gas wells since the beginning of the current fiscal in March, the company’s deputy managing director for drilling affairs said.
News ID: 5659    Publish Date : 2019/08/01

Iranian Minister of Petroleum Bijan Zangeneh said the recent incidents concerning oil vessels had not impacted Iran’s oil exports yet.
News ID: 5364    Publish Date : 2019/07/21

The CEO of Pars Oil and Gas Company (POGC) said the onshore refining unit of Phase 14 of supergiant South Pars gas field would become operational by November 2019.
News ID: 5361    Publish Date : 2019/07/21

A barter system that allows the companies, investors and contractors to carry out projects in Iran in exchange for oil will take effect in coming days, an energy official announced.
News ID: 5164    Publish Date : 2019/07/14

The National Iranian Oil Company (NIOC) announced on Sunday that it is due to offer 2 million barrels of gas condensates in the international ring of the Iran Energy Exchange (IRENEX) on Tuesday in a move to bypass Washington’s unilateral sanctions against Tehran.
News ID: 5156    Publish Date : 2019/07/14

Iran’s Oil Minister Bijan Namdar Zanganeh said that his country is satisfied with the new decisions made in the recent meeting of the Organization of the Petroleum Exporting Countries (OPEC), including an extension to supply cuts to the global market and the exemption for Tehran.
News ID: 5026    Publish Date : 2019/07/04

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