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TEHRAN, March 12 (Shana) — Launching operation of the last topside of South Pars 19 offshore project in the Persian Gulf. .

TEHRAN, May 10 (Shana) — INTRA Industrial Solutions says the removal of sanctions on Tehran’s nuclear agenda has helped their business rise up in Iran. Speaking to Shana, on the sidelines of the 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show-2017) in Tehran, the company’s head of EMEA, Nils Wittbond, said INTRA Industrial Solutions has been ...

TEHRAN, May 09 (Shana) — A deputy head of National Iranian Oil Company has said that Iran needs to diversify its methods of project financing. Gholam-Reza Manouchehri said that in addition to National Development Fund of Iran (NDFI) and private companies, international companies could help Iran. “Besides all these [domestic] capabilities, we need interaction at international level in order to ...

TEHRAN, May 09 (Shana) — National Iranian Oil Company (NIOC) and Oil Industries Engineering and Construction Company (OIEC) have signed a memorandum of understanding for feasibility studies on Sepehr oil field. The MOU was singed between Gholam-Reza Manouchehri, deputy head of NIOC for development and engineering, and Behzad Mohammadi, CEO of OIEC. OIEC is among 11 E&P companies qualified by ...

TEHRAN, May 02 (Shana) — The National Iranian Drilling Company (NIDC) drilled, or repaired 11 offshore wells in the Persian Gulf during the course of the previous Iranian calendar year (ended March 20), an official NIDC official said. Siamak Afshari, director of NIDC’s offshore drilling operations, said the wells required 6,240 meters of drilling of which 2,512 meters of development ...

PARIS — Total has started up production from the Badamyar project, located offshore 220 km south of Yangon in the Republic of the Union of Myanmar. The project will enable an extension of the Yadana gas field’s 8 billion cu m per year production plateau beyond 2020. “Completed on schedule and with costs 20% below budget, this second start-up by ...

HOUSTON — Linn Energy, Inc. announced today that it has signed a definitive agreement to sell its interest in properties located in western Wyoming to Jonah Energy LLC for a contract price of $581.5 million, subject to closing adjustments. Proceeds from the sale are expected to be used to reduce outstanding borrowings under the company’s revolving credit facility and term ...

HOUSTON — BP’s proprietary digital rocks technology program is getting a key upgrade from a new multi-year commercial agreement with Exa Corporation, which will enhance BP’s ability to predict the flow of oil and water in digital images of reservoir rock. This new capability, known as multiphase flow simulation technology, will help engineering teams to make more informed decisions on ...

HOUSTON — BP announced a major breakthrough in seismic imaging that has identified more than 200 MMbbl of additional resources at BP’s Atlantis field in the deepwater Gulf of Mexico. As a result of this early success, BP now is deploying this technique to fields elsewhere in the Gulf of Mexico as well as in Azerbaijan, Angola, and Trinidad and ...

HOUSTON — Schlumberger announced today that Petroleos Mexicanos (Pemex) has signed an agreement to license data from the WesternGeco Campeche wide-azimuth (WAZ) multiclient seismic survey in the Salina del Istmo province of the southern Gulf of Mexico. The agreement also includes collaboration with WesternGeco in the seismic processing phase of the project as well as for future technology collaborations. This ...