TEHRAN, Jan. 16 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh says Iran’s crude oil revenue is expected to reach 41 billion dollars by the end of the current Iranian fiscal year to March 20 2017. Speaking in a televised interview, the official said that the sum, however, will be accessible by Iran in a matter of a few months. ...

TEHRAN, Jan. 16 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh said five new phases of the supergiant South Pars Gas Field will come on-stream by the end of the current Iranian calendar year which began on March 20. Speaking in a televised interview on Monday, the official said phases 17, 18, 19, 20 and 21 of the joint gas ...

TEHRAN, Jan. 17 (Shana) — The newly appointed director of international affairs of the National Iranian Oil Company (NIOC), Saeid Khoshrou, said Iran’s crude oil sale policies will not change under his leadership. Addressing his introduction ceremony on Monday, Khoshrou said the NIOC’s international activities will continue as before but bolstering negotiations and activities will be top on its agenda ...

TEHRAN, Jan. 17 (Shana) — National Iranian Gas Transmission Company (NIGTC) says it have supplied over 3 billion cubic meters of natural gas to northwestern provinces of the country for heating over the past 30 days. Saeid Tavakoli, managing director of the NIGTC, said natural consumption in the provinces rose by 115 mcm in the provinces in the Iranian month ...

BEAUMONT, Texas — Dragon Products is expanding its frac equipment rebuilding efforts to help oil production companies meet new market demand. Refurbishing used equipment can help production companies meet demand and put their oilfield equipment back to work. Dragon Products has the in-house technology and expertise to test, service, repair and rebuild virtually every unit in any frac fleet. Home ...

ST. PETERSBURG, Russia — Gazprom Neft subsidiary Gazpromneft-Yamal has announced plans to begin pilot operations at the Severo-Samburgskoye field, located in the Purovsky district in the Yamalo-Nenets Autonomous Okrug, in 2017. Geological modelling of the field indicates oil reserves in the order of 72 million tonnes. The Severo-Sambrugsky Block is 100 km north of Novy Urengoy. The licence for hydrocarbon ...

CALGARY, Alberta (Bloomberg) — MEG Energy Corp. is boosting production at its Christina Lake project in Alberta and tapped debt and equity markets for financing, further signs of a rebound in Canada’s oil patch as crude prices stabilize. The expansion at Christina Lake Phase 2B will increase output from the site by about 25% to 100,000 bpd by 2019, the ...

MONTREAL — SNC-Lavalin Fayez Engineering (SLFE), an engineering consultancy partnership between SNC-Lavalin and Dr. Zuhair Fayez, has been awarded a five-year extension to its existing General Engineering Services Plus (GES+) contract with Saudi Aramco, with three one-year options to extend. Under the contract, SNC-Lavalin will be invited to bid on front-end engineering, detailed engineering and project management services to support ...

TEHRAN, Jan. 12 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh thanked Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Mohammad Sanusi Barkindo for kindly extending his condolences on the demise of former Iranian President Akbar Hashemi Rafsanjani. Zangeneh said he had related Mr. Barkindo’s condolences to late Mr. Rafsanjani’s bereaved family. The Iranian official also thanked members ...

TEHRAN, Jan. 11 (Shana) — The operator of phases 20 and 21 of the supergiant South Pars Gas Field says phase 21’s platform is currently recovering 27 million cubic meters of natural gas per day, saying the platform is faced with no restrictions in supplying gas to onshore refining facilities. Alireza Ebadi said one third of the gas recovered from ...