LONDON — BP Trinidad and Tobago (BPTT) LLC today announced the sanction for the development of its Angelin offshore gas project. The project will feature the construction of a new platform – BPTT’s 15th offshore production facility – 60 km off the southeast coast of Trinidad in water-depth of approximately 65 m. The development will include four wells and will ...

JOHANNESBURG (Bloomberg) — Eni SpA led a group that signed off on a $7-billion investment in a project to export natural gas from Mozambique. The country’s President Filipe Nyusi and Eni Chief Executive Officer Claudio Descalzi attended a ceremony in the capital Maputo on Thursday to formally approve the Coral South liquefied natural gas project. Once built, the floating LNG ...

TEHRAN, June 07 (Shana) — Operator of South Pars 13 Project (SP.13) says construction of the project’s jacket A is now 65% complete, adding the structure will be ready for installation by August. Payam Motamed said the structure is being constructed to replace one that was badly damaged by a Norwegian tanker back in April 2015. Phase 13 is designed ...

TEHRAN (Shana) — A total of 9 memorandums of understanding were signed on the sidelines of Iran’s 22nd Oil Show in Tehran. A total of 9 memorandums of understanding were signed on the sidelines of Iran’s 22nd Oil Show in Tehran. The MOUs, which were signed with both domestic and foreign companies, are centered on studying oil fields based on ...

Moscow, June 03 (Shana) — Iran and Russia signed a cooperation roadmap at St. Petersburg International Economic Forum. From Iran Amir Hossesin Zamaninia, deputy petroleum minister in international affairs and trading, and from Russia, Kirill Molodtsov, Russian Deputy Minister of Energy, signed the document on Friday. The roadmap was provided based on the superior level of cooperation between the two ...

TEHRAN (Shana) — In contemporary world, technology applied to oil and gas industry has been growing in accordance with increasing consumption of hydrocarbon resources. In contemporary world, technology applied to oil and gas industry has been growing in accordance with increasing consumption of hydrocarbon resources. Today, knowledge of state-of-the-art technologies applied to petroleum industry is as important as the volume ...

TEHRAN, May 27 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh sternly denied rumors that the Islamic Republic has been ordered by an international court to undergo penalties for overcharging Turkey for its gas. Speaking to reporters in Tehran, the official made it clear that the prices in the gas deal with Turkey have been modified and no penalties have ...

TEHRAN, May 27 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh says the 172nd meeting of member states of the Organization of the Petroleum Exporting Countries (OPEC) was the “simplest” one since 2013. Speaking following the Thursday meeting of OPEC members in Vienna, Austria, Zangeneh said, “This was the simplest meeting of the members in the past three years that ...

TEHRAN, May 24 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh says extension of the output cut plan of the Organization of the Petroleum Exporting Countries (OPEC) seems to have been unanimously endorsed by the group’s members. Speaking on Wednesday, the official said: “Given the remarks voiced by oil and energy minister of OPEC member states, it is apparent that ...

TEHRAN, May 24 (Shana) — The National Iranian Oil Company (NIOC) signed Iran’s first oil contract with an international consortium comprising Spain’s Tubacex and Isfahan Steel Company in the post-sanctions setting.