Maersk Drilling has merged with Noble Drilling and will move into the latter’s headquarters in Houston, the US, to make the new company the third largest rig owner in the world. Maersk is headquartered in Denmark. Taking the name of Noble, the merger brings in a synergy that is in …
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Total produced 2.7 million barrels of oil equivalent per day in the first six month of the year. compared to 2.5m in H1 2017.
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French energy giant Total this week announced it will pull out of a major gas project in Iran by this fall unless U.S. sanctions are waived.
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Several other foreign companies have been invited for South Pars oil venture but none have given a decisive answer.
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NIOC plans to employ enhanced oil recovery methods to boost the extraction rate in fields by 35%.
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Statoil is the operator of Johan Sverdrup with a 40% stake. The other partners are Aker BP. Petoro and Lundin.
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Tehran plans to develop the South Pars oil layer under the framework of Iran Petroleum Contract.
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U.S. President Donald Trump took credit for the dispute in a Twitter statement Tuesday morning.
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