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
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 global offshore oil industry could cut exploration costs by more than 30% if it would just agree to use standardized equipment, according to the International Marine Contractors Association (IMCA).
News ID: 771 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
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
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
OPEC’s deal to cut production and boost prices gives oil companies the opportunity to shake off two years of layoffs and slumping profits to start investing again—if they still have the risk appetite.
News ID: 726 Publish Date : 2016/12/20
All foreign companies interested in Iran’s oil and gas projects must participate in tenders, Oil Minister Bijan Namdar Zanganeh said, signaling that Tehran will uphold a level-playing field in the race for its lucrative energy market.
News ID: 725 Publish Date : 2016/12/20
At the ONS 2016 exhibition, Metso will showcase its latest innovations for lowering the cost of valve ownership and improving safety and productivity in the oil, gas and petrochemical industry.
News ID: 577 Publish Date : 2016/09/03
Khuzestan Oxin Steel Company’s first shipment of rolled steel products valued at about $4.4 million was exported to Germany and Italy last week via Khuzestan Province’s Imam Khomeini Port, the company’s head of public relations, Rezvan Zangeneh said on Saturday.
News ID: 510 Publish Date : 2016/08/07
