Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil prices have fallen by more than $11 a barrel this year to $55. alarming producers.
Read More »OPEC+ Panel may Agree on Need to Deepen Oil Output Cuts
Oil Traders Made Billions in 2019 as Conflict Shook the Market
The world’s largest energy traders enjoyed one of their best ever years in 2019 as pipeline outages. dramatic changes in ship fuel regulations and Middle East conflicts shook up the global oil market.
Read More »BP Pulls out of Iraq’s Kirkuk Oilfield as Studies Disappoint
BP provided technical assistance to Iraqi state-held North Oil Company to help it with the redevelopment of the Kirkuk field.
Read More »Maersk Drilling wins contract extension for low-emissions rig offshore Norway
Maersk Drilling has secured a two-well contract extension from Aker BP for the ultra-harsh environment. low-emission jack-up rig Maersk Integrator.
Read More »BP Finance Chief to Retire after 34 Years at the Company
Brian Gilvary will be succeeded by Murray Auchinchloss. who is currently the CFO of BP’s Upstream segment.
Read More »Six Major Oil Companies towards Renewable Energy Sources
BP was the first oil major to commit significant capital to renewable projects. such as wind and solar. from 1980 onwards.
Read More »India`s Oil Demand Growth Set to Overtake China by mid-2020s
China’s demand growth is likely to be slightly lower than that of India by the mid-2020s.
Read More »BP to Sell North Sea Assets to Premier Oil in £475m Deal
It is the latest step in BP’s planned programme of £7.6bn of divestments by the end of 2020.
Read More »Tristar Adds LNG Tanker to Shipping Fleet
The vessel will be the first LNG ship to be added to the firm’s fleet of 30 ocean-going tankers.
Read More »Oil Industry Braces for More Mideast Turmoil After Soleimani Killing
The U.S. assassination of one of Iran’s most powerful generals has the oil industry bracing for something it has long feared and anticipated.
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