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Indonesia announced four winners from five blocks in a direct offer tender on Wednesday.
Read More »President: Indonesia Hadn`t Invested Enough in Exploration
Oil Heads for Monthly Gain on Iran Risks and as OPEC Clears Glut
Concerns rise that US exit from nuclear deal with Tehran will result in sanctions on Iranian oil and reduced exports.
Read More »Rising U.S. Rig Count Knocks Oil
U.S. President Donald Trump has until May 12 to decide whether to restore the sanctions on Iran that were lifted after an agreement over its disputed nuclear programme.
Read More »Schlumberger Approved to Buy Into Russia’s Eurasia Drilling
Russia’s special commission on Foreign Investment approved Schlumberger to buy a stake of 25% to 49% in Eurasia Drilling.
Read More »Drilling 17 Wells in Azar Oilfield Underway
Azar holds 2.5 billion barrels of in-place oil. but new reservoir studies on the field suggest a much higher figure of 4 billion barrels.
Read More »South Pars Phase 14 First Offshore Platform Coming on Stream
Phase 14 is expected to become fully operational by the end of the current fiscal year.
Read More »Rise in Iran`s Caspian Oil Reserves
Norwegian firms are expanding their foothold in Iran'.s lucrative and untapped energy market gradually.
Read More »Oil-Price Fall would Carry Risks for US Economy
In recent years. American reliance on foreign petroleum has dropped.
Read More »China`s Successful Compulsion of Vietnam in the South China Sea Deserves US Attention
Washington failed to back up its words with action after Beijing pressured Hanoi into abandoning a South China Sea oil drilling project.
Read More »China Shale Gas Output Significant Increase
China produced 9 bcm of shale gas last year. or 6 percent of its total gas output.
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