News

Shale support secure deal as provider for tier- one E&P

HOUSTON – shale Support Holdings, LLC, a pioneer in supplying sand products and logistics solutions for the oil and gas market of Propane, has announced the transaction as the provider of an exploration company and producing oil and natural gas. Shale Support will supply the tier-one E&P with high quality frac sand from its Picayune, Miss. mine to the Eagle ...

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PEDEC Priorities Outlined

The CEO of Petroleum Engineering and Development Company (PEDEC) outlined the company’s priorities in the new Iranian calendar year which starts on March 21. According to PEDEC, Touraj Dehghani said accelerating the development of joint oil fields was top on PEDEC’s agenda in the new Iranian year. He said, “This year, given the special conditions that existed in the country, ...

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Eni Makes Major Oil Discovery Offshore Angola

Italy’s oil and gas major Eni said on Wednesday that it had made a major oil discovery in Angola’s deepwater in a find that could help the African OPEC producer to reverse the recent decline in oil production. Eni struck oil in Block 15/06 in the Agogo exploration prospect and estimates that the discovery contains 450-650 million barrels of light oil in ...

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Oil firms as Saudis trim exports and US output forecast is reduced

Oil prices rose on Wednesday, pushed up by ongoing supply cuts from producer cartel OPEC and U.S. sanctions against Iran and Venezuela. International Brent crude oil futures were at $66.85 a barrel at 0341 GMT, up 18 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $57.12 per barrel, up 25 cents, or 0.5 percent, from their last settlement.   Oil prices ...

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South Pars Phase 13 Refinery Ready for Startup

Operator of South Pars Phase 13 development project said the onshore refinery of the phase was ready for startup with 56.6 mcm/d of production capacity. Speaking to Shana, Payam Motamed said the all units of the facility were complete and it was ready for official inauguration. Phase 13 is being developed with an investment of nearly $5 billion which can ...

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Surprise Crude Oil Draw Sends Oil Prices Up

The American Petroleum Institute (API) reported a surprise draw in crude oil inventories of 2.6 million barrels for the week ending March 8, coming in significantly under analyst predictions that crude oil inventories would build by 2.655 million barrels. Last week, the API reported a large surprise build in crude oil of 7.29 million barrels. A day later, the EIA supported API’s ...

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Iran Ready to Supply Gas to Iraq

Iranian President Hassan Rouhani voiced Iran’s readiness to export natural gas to neighboring Iraq. Addressing a joint trade conference by Iran and Iraq in Baghdad on Monday evening, the Iranian president said Iran was ready to develop relations in various sectors, including energy, electricity and gas supplies to Iraq, and link Iran’s railroad network to Iraq. Arguing that expanding relations ...

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Domestic Experts Build Major Oil Processing Structures

The CEO of the National Iranian South Oil Company (NISOC) announced completion of the second sulfur removal tower to be installed at Maroon Oil and Gas Production Company. According to NISOC, the structure was fully designed, engineered and constructed in Iran, and is to be installed at the Industrial Complex No. 3 of Maroon Oil & Gas Production Company. Ahmed ...

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The 6th Iran Drilling Congress and Exhibition was held in IRIB Int’l Conference Center

The 6th Iran Drilling Congress and Exhibition was held in IRIB Int’l Conference Center The 6th Iran Drilling Congress and the third Iran Exploration and Production Congress and Exhibition and was held in February 23 & 24, in IRIB Int’l Conference Center, in Tehran, Iran, with the participation of more than 1,200 managers, experts and decision makers, from Iranian oil ...

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