Drilling Magazine Media Intelligence, Contextual Wisdom

TEHRAN Jan. 04 (Shana) — A senior petrochemical official says Iran is likely to raise its output by 10 to 20% this year from a year ago. Ali Mohammad Bossaqzadeh, director of production control at National Petrochemical Company (NPC), said Iran’s petrochemical output showed a 5 to 10% growth in the first half of the current Iranian calendar year which ...

TEHRAN, Jan. 04 (Shana) — The Research Center of Petroleum Industry (RIPI) says it is now focused on developing and deploying enhanced oil recovery (EOR) methods on two oilfields in southwestern Iran, a RIPI official said. Mohammad Reza Kamali, head of the upstream faculty of RIPI, said on Monday that the institute is cooperating with international study centers and companies, ...

TEHRAN, Jan. 06 (Shana) — Iran is planning to build major petrochemical projects in the vicinity of the northwestern city of Tabriz in order to transform the region into a petrochemical heavyweight in the country and the region. Speaking during a ceremony to break the ground for an ethylene pipeline project in Tabriz on Thursday, Iranian Minister of Petroleum Bijan ...

TEHRAN, Jan. 06 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh says Iran’s gas output has raised its natural gas output by 50% over the course of the past three years. Saying that Iran has problem in supplying gas to all the provinces, the official said inauguration of new South Pars phases has added 50% to the country’s gas output ...

COPENHAGEN, Denmark — Maersk Oil is planning to halt production from Tyra field, Denmark’s largest gas field, during the fourth quarter of 2018. According to the Copenhagen-based company, an economically viable solution for full recovery of the field’s remaining resources has not yet been identified, and production is consequently expected to cease on Oct. 1, 2018. “Tyra has since 1984 ...

BOSTON — geoLOGIC systems, a portfolio company of BV Investment Partners, has announced that it has purchased Canadian Discovery Ltd.’s (CDL) Well Completions & Frac Database and related products, including its Direct Data Access add-on module and the Drilling Database. This acquisition includes the products and the team behind them, so clients using Canadian Discovery’s Well Completions & Frac Database ...

HOUSTON — PETRONAS’ first floating liquefied natural gas facility, PFLNG SATU moored by SOFEC, Inc.’s external turret has achieved an industry breakthrough with the successful production of its first drop of LNG from Kanowit gas field, offshore Sarawak on Dec. 5, 2016. PFLNG SATU achieved the first gas milestone with the introduction of gas from the KAKG-A central processing platform ...

TEHRAN, Jan. 03 (Shana) — Iran has denied it has reached an agreement with the Kurdistan Region of Iraq for laying out joint oil pipelines. The public relations department of the Iranian Ministry of Petroleum announced on Tuesday that the country has made no agreements with the Iraqi Kurdistan for construction of two pipelines to deliver its crude oil to ...

NEW YORK — Wärtsilä has signed a ten-year maintenance agreement with MOL LNG Transport Europe Ltd., an affiliate of the Japanese MOL Group. The agreement, which covers two LNG carriers, increases the predictability of the vessels’ operations, enhances safety and reduces operational costs. The comprehensive service agreement includes all scheduled engine maintenance activities, workshop services and online remote support. With ...

IRVING, Texas — Exxon Mobil has reported a new natural gas discovery in the Papua New Guinea North Highlands, 13 miles (21 km) northwest of Hides gas field. Interest owners are Exxon Mobil (42.5%), Oil Search Limited (37.5%) and Barracuda Limited, a subsidiary of Santos Limited (20%, subject to regulatory approval), with Oil Search as operator. The Muruk-1 well encountered ...