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That marked only the second time the weekly oil-rig count fell this year. Oil-rig numbers had climbed for 23 weeks in a row.
Read More »Oil Prices Up as Saudi Arabia Extends Deadline on Qatar Demands
Iran’s landmark Deal with Total Signed. Oil Minister Extends Olive Branch to US Firms
In the time since the nuclear deal. Iran has seen success in other business ventures.
Read More »India Gives Iran $11 Billion `Best Offer` on Farzad-B Gas Field
ONGC Videsh and Indian Oil each own 40 percent interest in the Farsi block that holds Farzad-B field. while Oil India has 20 percent.
Read More »Saudi Heavy Crude Price to Asia May Hit Highest in Over Three Years
A fifth trade source surveyed by Reuters said the price for the grade would remain unchanged from this month.
Read More »Iran to Sign Landmark Gas Deal with French Energy Giant Total
The deal includes 30 wells and two production units.
Read More »Oil Major Total Marks Return to Iran with Gas Field Deal
Total and the National Iranian Oil Company (NIOC) signed a deal to develop phase of 11 of South Pars. which is the world'.s largest gas field.
Read More »Iran to Sign New IPC Gas Deal with Total for South Pars on Monday
The international contract for development of Phase 11 of South Pars in the framework of IPC will be signed on Monday.
Read More »South Pars Phase 11 Development Will Cost More Than $5b
Total signed a preliminary agreement. worth $4.8 billion late last year. to develop the natural gas field in collaboration with China National Petroleum Corp and state-owned Petropars Co. of Iran.
Read More »Libya’s Oil Production Nears 4 Year High
Last month. Libya’s average daily production was 730000 bpd as per OPEC secondary sources. up by 178.200 bpd compared to April.
Read More »OPEC Is Not Discussing Deeper Cuts
According to OPEC delegates. the cartel won'.t be rushing to make that decision. even though a panel monitoring the cuts will be meeting next month.
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