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According to POGC, Farshad Heidari, head of the offshore section of phase 22-24 development project, said Platform 24A was being prepared for pre-startup. As he said, installation of the platform’s flare and connecting bridge would finish by the end of next week. He said 11 wells had been drilled for the platform, adding once drilling of 7 other wells completed, ...

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By Tsvetana Paraskova Saudi Aramco’s much-hyped initial public offering is “most likely” to take place in 2019, Saudi Energy Minister Khalid Al-Falih said on Friday, likely confirming that plans for the IPO have been pushed from this year to next. “We’re simply waiting for a market readiness for the IPO,” al-Falih said at the St. Petersburg International Economic Forum in ...

Operating at 7 million cubic meters per day of gas processing capacity, the project’s commissioning took place following all the required standard tests and pre-startup operations. Once fully operational, the unit will be able to process 14.2 mcm/d (or 500 million cubic feed per day) of natural gas for injection to the national gas trunklines. The first sweetening train of ...

According to Iranian Parliament’s official website, ICANA, Ali Kardor commented on the state of Iran’s oil exports since US withdrawal from the nuclear deal, and stated: “The United States did not play a role in Iran’s oil exports, and if Europeans offer the necessary guarantees and continue honoring the Joint Comprehensive Plan of Action (JCPOA), Iran can continue its oil ...

Digital Transformation; This phrase is being utilized more and more nowadays in di erent industries. In comparison with the other elds and industries, oil and gas industry did not go through this transformation in a same speed, but major international companies realized its necessity in competitive atmosphere of oil and gas. As a result, it has been attempted to cover ...

By Irina Slav Venezuelan President Nicolas Maduro has promised to start increasing the crisis-stricken country’s oil production during his second six-year term in office. AFP reports that during his inauguration speech, Maduro said he will seek the help of OPEC to double Venezuela’s oil production, which is currently at 70-year lows and much below its production quota under the OPEC ...

By Nick Cunningham It was only a few weeks ago that top officials from OPEC nations were issuing statements assuring the market that the group’s production cuts would remain in effect through the end of 2018, with the possibility of even extending them into next year. But now, with the Vienna meeting just a few weeks away, OPEC is suddenly ...

Elaborating on the highlights of a meeting of the parliament’s energy committee with the CEO of the National Iranian Oil Company (NIOC), Hossein Amiri Khamkani said Iran-EU scenarios for preserving the Joint Comprehensive Plan of Action (JCPOA) were considered during the meeting. “Iran will continue exporting oil at the current levels which are roughly 2.2 million barrels per day,” the ...