Turkey will keep importing Iranian crude

Turkey will not heed the State Department’s call on U.S. allies to stop importing Iranian crude oil by November 4, when the latest sanctions will kick in.

29 June 2018
NIGC: Iran to sign power deal with Georgia

The CEO of the National Iranian Gas Company (NIGC) said the company was preparing an electricity contract to sign with Georgia for export of 10% of the power it receives from Armenia in exchange for natural gas.

27 June 2018
Israel arrests, indicts former Energy Minister for spying for Iran

Israeli police and secret services have arrested a former energy minister and charged him with spying for Iran and helping an enemy during war time, the Shin Bet security agency said on June 18.

19 June 2018
IEA: Nobody wins in a market with oil supply deficits

Oil supply disruptions, from extraordinary events or otherwise, are not in the best interest of consumers or producers, the International Energy Agency said.

15 June 2018
Indian Essar Oil changes corporate name to Nayara Energy Limited

Indian Essar Oil Limited, where Rosneft PJSC holds 49.13%, has been rebranded as Nayara Energy Limited.

06 June 2018
Chariot Oil & Gas start to drill well offshore Namibia in Q4

Chariot Oil & Gas Limited has secured the Ocean Rig Poseidon, a sixth generation deepwater drillship to drill one firm and one optional well.

04 June 2018
Shell adds competitive, deep-water production in the U.S. Gulf of Mexico

Shell Offshore, Inc, a subsidiary of Royal Dutch Shell plc, announces the early start of production – around one-year ahead of schedule – at the first phase of Kaikias, an economically resilient, subsea development in the US. Gulf of Mexico with estimated peak production of 40,000 barrels of oil equivalent per day (boe/d).

01 June 2018
New drilling contract to Deepsea Atlantic

Equinor has awarded Odfjell a contract for drilling two times three production wells for the Fram and Askeladd licences by using the Deepsea Atlantic rig. Odfjell has also been awarded a master framework agreement (MFA).

25 May 2018
Pakistan will proceed to the laying of the TAPI pipeline in the nearest future

Welding of the 1st joints on the 819-kilometer segment of Pakistan’s transnational gas pipeline Turkmenistan-Afghanistan-Pakistan-India may take place in the next couple of months.

18 May 2018
Total to Make Significant Equity Investment in Clean Energy Fuels Corp and Drive Deployment of Natural Gas Heavy-Duty Trucks

Total SA (CAC: TOTF. PA) and Clean Energy Fuels Corp (Nasdaq: CLNE) today announced that the two companies have entered into a broad strategic agreement to drive deployment of new natural gas heavy-duty trucks.

11 May 2018
Ex-Venezuela oil boss: PDVSA is collapsing

The man who ran Venezuela’s state oil company PDVSA for a decade after 2004 says that the country’s oil firm is on the cusp of total collapse and expects oil production to drop by 600,000 bpd each year amid lack of investment.

08 May 2018
Saudi Arabia needs oil at $85 a barrel to balance budget, says IMF

The International Monetary Fund’s regional director believes that that the kingdom needs oil prices to be at least $85 per barrel this year to be able to balance its budget.

03 May 2018
New era in EU-Egypt energy cooperation

Commissioner Miguel Arias Cañete’s visited the 1st ever EU-Egypt Sustainable Energy Forum, that took place on Monday.

26 April 2018
Halliburton swings to quarterly profit

Oilfield services provider Halliburton returned to quarterly profit on the back of a 34% increase in revenues and improved activity in North America.

23 April 2018
Greece to sell a majority stake in its biggest oil refiner Hellenic Petroleum

Greece launched an international tender to sell a majority stake in Hellenic Petroleum as part of its 3rd international bailout.

20 April 2018