OPEC Seeks Supply Consensus Before November Summit
madaresharghi Oil producers are working to build consensus on extending their deal to reduce supplies, OPEC’s secretary-general said on Thursday, with the potential for continuation throughout 2018 forming a basis ...
South Pars Crude Output at 19,000 bpd in Six Months
madaresharghi Iran produced an average of 19,000 barrels per day of crude from the oil layer of the giant South Pars Gas Field in the Persian Gulf in the first ...
Amazon, Google Battle for Renewables Crown
madaresharghi Clean-energy developers are finding plenty of interest in wind and solar power from businesses with sustainability targets, especially technology companies. That was on display in a video tweeted on ...
All South Pars Gas Field Phases to Be in Full Swing by March 2019
madaresharghi The South Pars mega project has registered a work-in-progress rate of 85% and the rest will be completed by March 2019, the end of the next Iranian year, managing ...
Schlumberger Warns of Moderating North America Drilling Investment
madaresharghi Schlumberger reported on Friday a higher net profit for the third quarter driven by North America’s onshore activities, but the world’s largest oilfield services group now warns that investment ...
Iran's Heavy Crude Price Ticks Up
madaresharghi Iran's crude oil price movements were limited in the week to Oct. 13 with the country's heavy and light crudes moving in the opposite direction in weekly trade. Iran ...
Saudi Arabia's Falih Calls for Crude Supply Cooperation
madaresharghi Saudi Oil Minister Khalid al-Falih made a high profile visit to Iraq on Saturday, calling for increased economic cooperation and praising coordination to boost crude oil prices. In a ...
Iran Keeping Hopes Alive for Natural Gas Export to Europe
madaresharghi Despite years of speculations and no action, Iran continues to weigh options to transport its profuse natural gas resources to Europe and emerge from a marginal exporter in the ...
PDVSA Blocked From Using Terminal Over Unpaid Bills
madaresharghi Venezuela's state-run petroleum firm PDVSA has been barred from using a NuStar Energy oil storage terminal in the Caribbean over $26 million in unpaid bills, according to documents reviewed ...
NIGC Assures Stable Energy Supply in Winter
madaresharghi In line with efforts to ensure energy supply during the cold winter days, National Iranian Gas Company is endeavoring to maximize natural gas output from South Pars Gas Field ...