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NOC said the deal would allow production to begin immediately in Wintershall'.s concession areas in eastern Libya. NC 96 and NC 97.
Read More »Libya`s NOC. Wintershall Strike Interim Deal to Resume Production
Iran`s Deal with Russia Bypasses US Dollar Through Bartering
The biggest obstacle to Iran reintegrating into the global financial system is the remaining US sanctions.
Read More »BP: Russia Kept Leadership in Global Oil. Gas Exports in 2016
The export of Russian oil grew by 2.1 percent. to 8.6 million barrels per day last year.
Read More »BP`s Decision about Future Role in Southern Ahvaz Oilfield
BP said last week that it will announce the result of its evaluation of NISOC'.s customized model soon.
Read More »OPEC Expects Non-OPEC Oil Supply to Increase in 2H2017
In 2017. non-OPEC oil supply is projected to grow by 0.84 million barrels per day.
Read More »SOCAR Modernizes Platform at Darwin Bank field
SOCAR produced 2.46 million tons of oil from offshore and onshore fields in January-April 2017 as compared to 2.52 million tons in the same period of 2016.
Read More »Statoil Aims to More Than Triple Brazil Output
Statoil has invested more than $10 billion in Brazil. making it the country'.s largest foreign offshore operator.
Read More »Iran will Sign New Oil Deals Worth $15bln
Iran will continue to rank first to third among main energy players in the world.
Read More »Russia. Saudis See Oil Inventories Falling After Price Drop
Short-term variations in supply won’t affect the long-term trend of declining inventories. Al-Falih said.
Read More »No Immediate Need to Adjust Oil Pact
Crude prices fell about 4 per cent this week after US data showed a surprise 3.3 million barrel rise in crude inventories to 513.2 million barrels.
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