Iran’s Oil Exports Hike to 3mb/d

• Wednesday, 8th March 2017
• by Editorial Team

Iran's crude oil exports hit a record 3mb/d in the Iranian month of Esfand (late February to late March). The country was released in 2016 from trade restrictions.

Angola’s Sonangol to Deploy Two New Oil Rigs

• Wednesday, 8th March 2017
• by

Angola's Sonangol is in talks with oil majors about deploying two new oil rigs it commissioned from South Korea's Daewoo Shipbuilding and Marine Engineering in 2013.

IEA Predicts Slump on Oil Supply by 2020

• Wednesday, 8th March 2017
• by Editorial Team

According to the International Energy Agency (IEA) latest report, investment in new projects fell during the slump in oil prices that began in mid-2014, which may compromise production levels by 2020.

Aramco to pay Shell $2.2b to Dissolve JV

• Wednesday, 8th March 2017
• by Editorial Team

Saudi Aramco finalized the execution of definitive agreements with Royal Dutch Shell plc to separate and transfer the assets, liabilities and businesses of the Motiva Enterprises LLC joint venture (JV).

Swedish Trelleborg Wins EPC Contract in the UAE

• Wednesday, 8th March 2017
• by Editorial Team

Swedish engineering firm Trelleborg has won a contract for the supply of float-over equipment for a major offshore oilfield development project in the United Arab Emirates (UAE).

Odfjell Drilling Signed LoA with an Unnamed Oil Major

• Tuesday, 7th March 2017
• by

Odfjell Drilling signed a conditional letter of award with an unnamed oil major for the drilling of one well. The award is for the use of Odfjell’s Deepsea Stavanger semi-submersible, offshore South Africa.

Iran’s Southern Field Production Exceeds 5bcm

• Tuesday, 7th March 2017
• by Sarah Samir

Phase 19 of Iran’s South Pars gas field so far has produced nearly 5.5bcm of natural gas.

Anglo African Raises Cash to Acquire Stake in Congo’s Oil Field

• Tuesday, 7th March 2017
• by

Anglo African Oil and Gas made its debut on London's junior market yesterday as it raises cash to buy majority rights to a field in the Republic of the Congo.

South Africa to Study Construction of GTL Plant in Iran

• Tuesday, 7th March 2017
• by Sarah Samir

Iran and South Africa are considering building a GTL plant in Iran.

Tanzania Grants One Year Extension to Otto Energy Ltd

• Tuesday, 7th March 2017
• by

Otto Energy Ltd announced that the Tanzanian Minister for Energy and Minerals has granted a one year extension to the initial exploration period for the Kilosa-Kilombero Licence until 22 February 2018.