Iran News


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…

EIA: Iran production to increase

Jan 19, 2016

Implementation day for the Joint Comprehensive Plan of Action (JCPOA), an agreement among Iran, the P5+1 (the five permanent members of the United Nations Security Council and Germany), and the European Union (EU), occurred on 16 January…

Sanctions lifted against Iran

Jan 18, 2016

Over the weekend, the six world powers (P5+1), European Union (EU), and Iran reached an agreement that lifted sanctions on Iran’s oil production that will see Western nations enter Iran for oil exploration and production for the first time in more than a decade…

Iran sanctions to be lifted in coming days

Jan 15, 2016

Sanctions on Iran’s oil production are set to be lifted as early as this weekend that will mark the end of the country’s nuclear program and pave the way for Western nations to re-enter Iranian territory for oil exploration and production…

12-year oil price lows mark start to 2016

Jan 11, 2016

Oil prices have been extremely volatile since the first trading day of 2016 and hit 12-year lows last week with Brent dropping below US$33/bbl for the first time since 2005. The fall in the Chinese manufacturing index, the Saudi-Iran…

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