Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Saudi Aramco had cut Arab Light pricing to Asia for the past three months as the kingdom fought to defend sales.
Read More »Aramco Raises Crude Pricing to U.S. and Asia on Increased Demand
Baker Hughes Rig Count Climbs for 20th Consecutive Week
The Permian Basin of west Texas and New Mexico has seen the predominant boost in U.S. activity.
Read More »OPEC Extends Oil Output Cut by Nine Months
OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018.
Read More »OECD Invites Argentina to Join Nuclear Energy Agency
Chile and Mexico are the only Latin American OECD member countries.
Read More »U.S. Crude Production is Surging. Complicating OPEC’s Efforts to Rebalance the Oil Market
Exploration and production firms are still adding drilling rigs at an average of almost 10 per week.
Read More »BP Says 1 Billion Additional Barrels `Possible` in Gulf of Mexico Hubs
BP plans to apply the technology to other fields in Azerbaijan. Angola. and Trinidad and Tobago.
Read More »BP Finds More Than 200 MMbbl in New Resources with Seismic Imaging at U.S. GOM
The innovation has enabled BP to enhance the clarity of images that it collects during seismic surveys.
Read More »Mexico Oil Sector Decline
Production in Mexico has declined for 12 years in a row and this year will be less than 2 million barrels a day.
Read More »Mexican President Stresses Interest for Broadening Ties with Iran
Iran and Mexico need to boost the volume of their trade exchanges.
Read More »Iran Targets Milestone in Oil. Gas Production
Oil shipments from Iran reached a daily average of 2.6 million barrels in fiscal 2016-17.
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