The National Iranian Drilling Company (NIDC) has drilled 81 oil and gas wells with a total length of 111,000 in the past 8 months since late March 2019.
News ID: 7704 Publish Date : 2019/12/02
Venezuela's state-owned PdV struck a preliminary agreement with Curacao to hang on to the Isla refinery and Bullen Bay terminal for a transition period of up to one year after its lease expires at the end of December.
News ID: 7693 Publish Date : 2019/12/02
Iran Oil, Gas and Petrochemical Products Exports Union (OPEX) is going to hold the first international exhibition of Iranian oil, gas and petrochemical industries downstream sector (Intl. Iran Downstream Show) during February 2-4, 2020 at Tehran Permanent International Fairgrounds.
News ID: 7682 Publish Date : 2019/11/27
The hydrocarbon exploration activities in Iran are expected to result in the discovery of a new major oil reserve within the next few months, an official said.
News ID: 7648 Publish Date : 2019/12/01
Another prominent figure in Venezuela's US-backed parallel administration has abruptly departed and an oil union leader has quit the main opposition political party in the latest signs of internal discord.
News ID: 7587 Publish Date : 2019/11/27
US midstream operator Williams is suing Texas regulators over an exemption it says will give oil producers a "blank check" to flare off associated natural gas whenever doing so would be profitable.
News ID: 7574 Publish Date : 2019/11/26
Iran is planning to increase the volume of its daily output from the South Pars gas field, which the country shares with Qatar, by 50 million cubic meters per day, said CEO of the Pars Oil and Gas Company (POGC) Mohammad Meshkinfam.
News ID: 7568 Publish Date : 2019/11/25
Oil prices rose on Monday as positive comments from the United States and China rekindled hopes in global markets that the world’s two largest economies could soon sign an interim deal to end their bitter trade war.
News ID: 7561 Publish Date : 2019/11/25
As green investing becomes ever more mainstream, there is greater scrutiny of the myriad “environmentally friendly” investment products that have emerged.
News ID: 7560 Publish Date : 2019/11/26
Iranian Vice-President for Science and Technology Sorena Sattari censured the country’s dependence on oil revenues, and urged for more technology-oriented economic activities.
News ID: 7533 Publish Date : 2019/11/24
Iraq's crude production and exports continue at full throttle despite the recent violent demonstrations in the country, but analysts said the situation bears close watching as oil fields and ports could be vulnerable to escalating protests.
News ID: 7529 Publish Date : 2019/11/20
The semi-autonomous Iraqi region of Kurdistan may begin deliveries by early next year of around 250,000 barrels per day of crude oil to the federal government in Baghdad for exports, Iraqi Oil Minister Thamer Ghadhban said.
News ID: 7528 Publish Date : 2019/11/23
French tubular steelmaker Vallourec expects Brazilian demand to pick up in the fourth quarter, while oil and gas demand in the US is expected to decline.
News ID: 7484 Publish Date : 2019/11/15
Oil prices gained on Friday after OPEC’s forecast for oil demand next year fueled hopes that the producer group and allies will maintain supply cuts when they meet to discuss policy on output next month.
News ID: 7470 Publish Date : 2019/11/15
Opec has kept its non-Opec supply projections little-changed for this year and next, just a day after the group's secretary-general Mohammed Barkindo spoke about the likelihood of "sharp revisions of non-Opec supply going into 2020".
News ID: 7459 Publish Date : 2019/11/14
Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency predicts.
News ID: 7449 Publish Date : 2019/11/13
The National Iranian Oil Company (NIOC) is preparing for three big trades involving six million barrels of oil and condensates in a local bourse next week.
News ID: 7448 Publish Date : 2019/11/14
Despite a marginal decline in overall crude oil exports, Iraq has boosted the sales of its crude to top Asian importers China and India since late September, as the confusion over the return of full Saudi capacity after the attacks made other Middle Eastern producers more popular in Asia.
News ID: 7437 Publish Date : 2019/11/12
Iran will complete construction process for as many as 17 petrochemical plants in the Southeastern port city of Chabahar by 2024, a local official said, adding that the projects will increase the country’s pet-chem output by 4.6 million tons.
News ID: 7394 Publish Date : 2019/11/12
Iranian Oil Minister Bijan Namdar Zanganeh said the oil reserve recently discovered in the southwestern province of Khuzestan is the second largest in the country.
News ID: 7365 Publish Date : 2019/11/11
