Australian crude production of 113,000 b/d fell to its lowest level in more than 35 years in the 2018-19 fiscal year to 30 June, down by 16pc from the previous low of 134,000 b/d the previous year, while condensate output reached a record high.
News ID: 6059 Publish Date : 2019/08/19
An Iranian oil tanker that was detained by Gibraltar's authorities early last month on suspicion of taking crude to Syria has departed the UK overseas territory, after a last-ditch request by the US to halt the vessel's release was turned down.
News ID: 6058 Publish Date : 2019/08/19
Gibraltar authorities rejected on Sunday a renewed US request not to release the Iranian oil tanker Grace 1, just three days after the Supreme Court ruled in favour of releasing the vessel seized weeks ago.
News ID: 6043 Publish Date : 2019/08/18
Iranian Oil Minister Bijan Namdar Zanganeh has said that the development of the upstream oil sector in collaboration with universities and research institutions is the ministry’s top priority in the current Iranian calendar year, 1398 (March 2019-March 2020).
News ID: 6042 Publish Date : 2019/08/18
Unlike previous offerings, the sixth round of National Iranian Oil Company (NIOC)’s heavy crude oil offering at Iran Energy Exchange (IRENEX) is due to be held on Wednesday, IRNA reported.
News ID: 6038 Publish Date : 2019/08/18
The National Iranian Oil Company (NIOC) announced on Saturday that the sixth round of introducing Iran’s crude oil at the stock exchange will start as of August 21st.
News ID: 6018 Publish Date : 2019/08/17
China has reengaged with Iran on three key projects despite US sanctions on the Islamic Republic, the Oil Price quoted a senior oil and gas industry source who works closely with the Iranian Oil Ministry.
News ID: 6017 Publish Date : 2019/08/17
Iranian Oil Minister Bijan Namdar Zanganeh mocked US President Donald Trump’s claim that his country does not need Middle East oil and natural gas “anymore”.
News ID: 6016 Publish Date : 2019/08/17
OPEC delivered a bearish oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC-led pact to curb supply.
News ID: 6015 Publish Date : 2019/08/17
Iranian heavy oil price increased $1.77 in July, according to OPEC’s latest monthly report published on Friday.
News ID: 6008 Publish Date : 2019/08/17
National Iranian South Oil Company (NISOC) has finalized three new development packages worth 39 trillion rials (about $928.5 million) for developing southern oil reservoirs, IRNA reported, quoting an oil official as saying.
News ID: 6003 Publish Date : 2019/08/17
Installing the second Electric Submersible Pump (ESP) in the well No.4 of the North Yaran oilfield is going to increase the field’s output by 1,000 barrels per day (bpd), Shana reported on Wednesday.
News ID: 5956 Publish Date : 2019/08/16
South Zagros Oil and Gas Production Company, a subsidiary of the National Iranian Oil Company, has manufactured or repaired the 521 items needed in the oil and gas industry. SZOGPC’s operations director, Seyed Mahmoud Mirbagheri said on Tuesday that 499 of the company’s needed items were supplied by domestic contractors.
News ID: 5953 Publish Date : 2019/08/16
Head of the National Iranian Oil Company (NIOC) Research and Technology Directorate said his office is going to conduct 25 major research projects worth nearly 700 billion rials (about $16 million).
News ID: 5951 Publish Date : 2019/08/16
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
Argentina is implementing a three-month freeze on crude and retail fuel prices amid a run on the peso and a sell-off of Argentinian assets following a stunning electoral primary that foreshadows a potential return to populist rule.
News ID: 5945 Publish Date : 2019/08/15
National Iranian Oil Company (NIOC) has awarded the development project of the phase 14 of South Pars gas field (in the Persian Gulf) to the Iranian company Petropars Operation and Management Company (POMC), IRNA reported.
News ID: 5898 Publish Date : 2019/08/13
National Iranian Oil Company (NIOC) will offer two million barrels of heavy crude oil at Iran Energy Exchange (IRENEX) on Tuesday, IRNA reported.
News ID: 5894 Publish Date : 2019/08/13
An Iranian lawmaker believes that the United States is trying to sow the seeds of insecurity in the Persian Gulf region to increase oil price to around $200.
News ID: 5890 Publish Date : 2019/08/13
Shipping company Euronav's ultra large crude carrier (ULCC) Oceania loaded heavy crude before it set off for Asia-Pacific with its huge cargo of fuel compatible with the International Maritime Organisation (IMO) sulphur emissions rules.
News ID: 5879 Publish Date : 2019/08/12
