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Mostafa Ashaari Oil and gas journalist Last fall, National Iranian South Oil Company began to present a new template for their field development plans. These contracts are significantly distinct from the IPC contracts and in a sense, they are more complicated. NISOC got NIOC permission to sign contracts with domestic and foreign contractor companies regarding 9 reservoirs which are located ...

Ramin Forouzandeh Senior Strategist   Reducing Costs or Increasing Revenue   Over the past decade, Merger and Acquisition has grown worldwide in the drilling industry. More than $50 billion was spent by oilfield service providers during the last year for M&A processes. The process of developing M&A is noticeable especially in large and competitive markets (such as the United States ...

US Active Rigs Showing a Growth after weeks of declining After several weeks of decreasing, the US active rig count rose by five this week according to the Baker Hughes rig count statistics. Although drillers idled one of the inland water rigs, both onshore and offshore rigs rose by three. There are now 940 rigs actively drilling for oil and ...

A New Brazilian-Norwegian Agreement; Petro Bras and Statoil Partnership The two great and famous Brazilian and Norwegian oil companies, Petróleo Brasileiro SA and Statoil have signed a new agreement in order to complement the partnership they already have in Brazil, looking forward to increase and enhance natural gas operations, due to a securities filing on Friday. As PetroBras, the Brazilian ...

The Ministry of Oil & Gas of Oman and BP have announced that production has begun from the giant Khazzan gas field, which is operated by BP in partnership with Oman Oil Company Exploration and Production. Bob Dudley, BP Group Chief Executive, commented, “The start of production from Khazzan, BP’s sixth and largest major project start-up so far this year, ...

The World Petroleum Congress, known as one of the largest gatherings of the international oil and gas industry, has always been of utmost importance to activists and professionals in this industry. This global event, which includes the two sections of congress and exhibition, is a place for sharing views, expressing policies, and investigating the conditions in different sectors of oil ...

  Mohammadmahdi Mozaffar MBA, DBA Given the nature of the upstream industry, including capital intensive, the need for advanced technologies and high expertise, the presence of the private sector have not been significant in the recent years. In this regard, the issue of establishing Iranian private E&P companies to transfer some of the responsibilities of NIOC under current legislation is ...

    Four Strategic Global Business Leader Panels Will Feature Oil and Gas Industry’s Most Powerful Decision Makers   CEO Speakers Represent Multinational Oil Majors, National Oil Companies, Oilfield Services and Industry Finance   Abu Dhabi, UAE – 14 August 2017 – Delegates at this year’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) will have more opportunities than ever ...

Market-Moving, International Oil and Gas Event is Premier Industry Platform for Minister-to-Global Business Leader Dialogue Record Number of Expert Submissions to Technical Conference; Programme Underlines Abu Dhabi’s Leadership in Energy World Abu Dhabi, UAE – 16 July 2017 – An unprecedented number of opportunities for Minister-to-global business leader strategic dialogue, along with a record number of expert submissions on a ...

TEHRAN, June 24 (Shana) — The managing director of Iranian Oil Terminals Company (IOTC) says Khark Oil Terminal can load up to 8 million barrels per day of oil on vessels now that it has 9 active docks. Khark Oil Terminal covers 95% of Iran’s crude oil exports with 9 active docks, he said. Mousavi also said that Iran exports ...