Iran News

New Platform Boosts Iran's Oil Output

Mar 16, 2020

Iran's oil production capacity increased by 6,000 barrels per day after a platform was installed at the offshore Salman field in the Gulf, the official news agency IRNA reported on Saturday, citing Alireza Salmanzadeh, head of the Iranian Offshore Oil Company…

Iran to Boost Gas Output Capacity with New Offshore Platform

Feb 26, 2020

Iran will be able to produce more than 1 billion cubic meters (bcm) of gas per day once the final platform is installed at the South Pars offshore field, its oil minister was quoted as saying on Monday by the official IRIB news agency.South Pars…

Iran Goes Solo at South Pars Field as Total, CNPC Pull Out

Jan 27, 2020

Iran’s Petropars will develop phase 11 of South Pars, the world’s largest gas field, after the withdrawal of French oil major Total and the China National Petroleum Corp (CNPC), Iran’s oil minister was quoted as saying on Saturday. “Now with the exit of the other two companies from the contract…

Iranian Tanker Hit by Missiles, Oil Rises

Oct 11, 2019

Oil prices jumped more than 2% on Friday, October 11, 2019, after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions weeks after attacks on Saudi oil plants…

Pondering further Russian sanctions

Jul 25, 2017

With US lawmakers prepared to hit Russia with more sanctions*, the domestic oil and gas industry is bracing for what potential impacts may come. Karen Boman lays out concerns voiced at a July Atlantic Council Event. [*Update] The US Senate…

Iran, Total sign historic deal on South Pars

Jul 03, 2017

Iran has signed a new contract to develop its South Pars gas field - the largest gas field in the world - with France's Total and China's CNPC today (3 July). The move will be the first major Western energy investment since sanctions against Tehran were removed…

Eni to study offshore Iran gas field

Jun 20, 2017

Italy-based exploration and production firm Eni has inked a memorandum of understanding (MoU) with the National Iranian Oil Co. (NIOC) to study the offshore Kish natural gas field. Eni has been given six months to submit a proposal outlining plans to boost recovery from the fields…

Iran plans Caspian Sea seismic

Apr 18, 2017

Geology Without Limits (GWL), working with Geological Survey of Iran (GSI) and Ministry of Mine, Industry and Trade (MMIT) are planning a 4800 km, 2D seismic, gravity and magnetic data survey in the Iranian sector of the Caspian Sea.  The…

Slow ahead

Feb 01, 2017

The floating production systems market remains challenging. Will cost-cutting measures made over the past two years help projects reach final investment decision in 2017? Infield’s Catarina Podevyn assesses the market. Johan Castberg…

NIOC lists pre-qualified firms

Jan 03, 2017

The National Iranian Oil Co. (NIOC) has released a list of 29 foreign oil and gas firms which have been pre-qualified for its upcoming upstream projects tender round.  NIOC is planning to put to a round of tenders several upstream oil…

What downturn?

Jan 01, 2017

Offshore construction activity in the Middle East Gulf has remained buoyant, but that hasn’t stopped pressure on costs and dayrates. Mirzi Moralde, of IHS, outlines activity in the region. Saipem’s…

Total, NIOC ink South Pars HoA

Nov 08, 2016

French giant Total and the National Iranian Oil Co. (NIOC) have entered into a heads of agreement (HoA) for the development of phase 11 of the giant South Pars project, in the Persian Gulf. Pouyanné…

Slow recovery likely, but still at risk

Sep 19, 2016

The pace and timing of an oil price recovery depends on four key drivers, according to McKinsey Energy Insights (MEI), a data and analytics firm.  The firm forecasts that it will take more than six months for the oil markets to fully rebalance…

Fighting for survival

Feb 01, 2016

So much for a happy new year! The first few weeks of 2016 have given no cause for cheer with crude falling a further 20%, more job losses, and further project delays or cancellations. Colin Welsh…

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