It is the time of the year again for our highly anticipated oil price related predictions for 2018. As our millions of faithful readers are aware, we have a rather impressive track record -from predicting the formation of ISIS to the crash of oil prices; from presenting Trump’s potential oil policies to the forecast of OPEC’s gradual decline. We’ve been ...

STAVANGER — Up to 2,400 men and women have started to mobilize for the hook-up and completion of Johan Sverdrup field in the North Sea. Approximately 150 people, plus crew from the flotel-operator ProSafe, set sail aboard the floating accommodation vessel Safe Zephyrus from Mekjarvik outside Stavanger, bound for the North Sea. When the flotel arrives at the Johan Sverdrup field this ...

TEHRAN (Shana) — The panel discussion on the model of development contracts for Iran’s upstream oil and gas industry was presided over by Reza Dehqan, chief coordinator of upstream contracts at the National Iranian Oil Company (NIOC). Behzad Mohammadi, CEO of Oil Industries Engineering and Construction (OIEC), Navid Rahbar, Managing Director of APP Dentons law firm, Jaap Kalkman, head of ...

MILAN — Eni announces an oil discovery on the A-2X exploration prospect in the South West Meleiha license, in the Egyptian Western Desert, some 103 km north of the oasis of Siwa. The well is the first one drilled by Eni to explore the deep geological sequences of the Faghur basin. The exploratory well, named SWM A-2X, has been drilled ...

Iraq, as a major oil and gas producer, plays predominant role in Middle East. In this regards, many events have been held that influences not only oil and gas industry, but also global oil and gas market. The Iraq’s financial resources have been drained by ISIS, also caused Iraq to face with shortage in National Annual Budget, resulted in preventing ...

An Overview to the Benefits of Smart Well Technology Ameneh Sobhani smart Well Technology as a significant role player regarding oil industry could propose numerous applications, yielding many operational and economic benefits such as enhancing reservoir management, Capex and Opex reduction, accelerated production, increase ultimate recovery, water production control, risk reduction, and environmental benefit that are discussed below: First, Enhancing ...

Exploration and production projects of oil industry in Iran onshore, offshore and exploration sectors include 52 oil and gas fields. These projects are ready to be as signed to domestic and foreign companies and investors as the new model of Iran’s oil contracts. In what follows, the details of these projects are explained. Oil field offshore   Oilfield onshore (part1) ...

The black gold is the main part and a power source to Iranian economy. Thus, oil price fluctuations affect Iran’s economy significantly. A s the first question, what are the consequences of oil price decrease over the recent years on this strategic industry in  the world and especially in our own country? Generally the fall in the price of oil ...

A series of primary work have been done; such as signing agreements, studies, and meetings between companies. Work groups have been made between us and the companies responsible for reservoir studies and plenty of fields have also been studied. At the same time, contracts have been arranged, as well as negotiating with work groups including contractual, legal, technical and economical ...

State-held Nigerian National Petroleum Corporation (NNPC) aims to make its exploration and production unit—the Nigerian Petroleum Development Company (NPDC)—the top oil producer in the country, local media quoted NNPC group managing director Maikanti Baru as saying. NNPC aims to make NPDC the top E&P company operating in Nigeria and rivaling in terms of production Shell and the other international oil majors. Currently, ...