Tag Archives: Offshore

Russia’s state-owned Rosgeologia is in talks with Zarubezhneft. Gazprom Neft and Lukoil on joint implementation of projects in Iran.

BP is the operator of the Shah Deniz and ACG development projects.

In December 2016 in Vienna. 11 non-OPEC countries. including Azerbaijan. agreed to curtail oil output jointly by 558.000 barrels per day.

In recent years. there have been significant cost reductions in both the onshore and bottom fixed offshore wind sectors.

The world’s fifth-biggest crude importer shipped in 1.83 million tonnes of crude oil from Iran in September.

Under the sanctions. Iran'.s oil output was slashed by nearly 40% as a handful of buyers shipped in about 1 million bpd of oil from the country under special waivers.

A potential military confrontation in the Arab Persian Gulf should not be ruled out. It will unquestionably block oil and gas lanes. and spike oil prices to unknown levels.

Iran prefers exporting liquefied natural gas (LNG) to distant markets including the EU. but no agreement has been reached so far for construction of the plants for the purpose.

Taking a role in this emerging hotspot is exactly what Rosneft is looking for.

Tehran has signed a raft of agreements with the likes of Eni. Shell. Schlumberger. Lukoil. Wintershall and OMV to study and potentially develop its massive oil and gas deposits.