Tag Archives: International News Agency

The volume cuts would put India'.s imports of Iranian crude for this fiscal year at 370.000 barrels per day.

Exploration and production firms are still adding drilling rigs at an average of almost 10 per week.

21 phases of South Pars Gas Field. which have become operational. produce more than 800.000 barrels of condensates every day.

Algeria will announce shortly a major solar project of 4.000 Megawatts as part of its renewable energy development.

The Persian Gulf nation of Kuwait is the fifth-largest producer in the Organization of Petroleum Exporting Countries.

The US president has taken positions that are unconstructive and could even escalate conflict.

Russia has agreed to cut its oil output by 300.000 barrels per day under the OPEC deal signed in Vienna.

Baker Hughes have built a new deepwater fracturing tool that it claims can save companies “hundreds of millions of dollars”. The American-based oil service firm announced the new tool. DEEPFRAC. which eliminates certain steps of offshore fracturing operations and induces rapid stimulation of over 20 stages. On a recent job …

The oil market needs more time to start using up stored inventories. which are on the verge of declining.

Conventional offshore stimulation systems are often limited to only five zones or ‘stages’ and these systems lack configuration flexibility.