Latest news
Iran Plans 400,000 Bpd Increase In Oil Field Capacity
Iran plans to increase the production capacity of its oil fields by 400,000 bpd, state news agency Irna reports, quoting National Iranian Oil Company’s deputy head Gholamreza Manouchehri.
read more... 20/06/2018
ExxonMobil starts development of offshore Guyana field
ExxonMobil started development drilling on the Liza Phase 1 offshore Guyana with start of production expected in 2020, ExxonMobil said Tuesday.
read more... 14/06/2018
Norway green lights Johan Castberg project in the Barents Sea
The Norwegian Ministry of Petroleum and Energy has approved Equinor’s plan for development and operation of the Johan Castberg field in the Barents Sea.
read more... 13/06/2018
Sonatrach, Total, Repsol sign new gas deal in Algeria
Algeria’s state oil company, Sonatrach, Total and Repsol on Monday signed a new concession contract for the Tin Fouye Tabnkoft (TFT) onshore gas and condensate field in Algeria, extending their participation for another 25 years.
read more... 12/06/2018
Iraq started exporting oil to Iran from one of world’s largest deposits
Iraq has begun export deliveries of oil from the fields of the Kirkuk province to Iran. Transportation of oil from Kirkuk to Iran is a part of an agreement concluded between the two states’ oil ministries providing for exports in the amount of 30 to 60 thousand barrels per day.
read more... 04/06/2018