News / International
Iraq, Iran Emulate Saudi Arabia in Asian Markets
Iraq and Iran cut their prices for March crude oil deliveries to Asia to the lowest in more than a decade, signalling the battle for a share of Opec’s largest market is intensifying.
North Dakota Oil Production Increases to Record Levels Despite Rig Count Drop
The number of barrels of oil produced per day in North Dakota set a record in December, but the tally of rigs in the oil patch has dropped precipitously since then, state regulators said Friday.
Bahrain to Host Middle East Oil and Gas Show and Conference in March
More than 8,000 oil and gas professionals will converge on the Bahrain International Exhibition and Convention Centre next month to debate and shape the future of the oil and gas industry in the region.
$400m for L&T Adma-Opco Contract
Larsen & Toubro's (L&T) hydrocarbon business has progressively commissioned the $400-million Umm Lulu Phase-I and Nasr Phase-I Field development projects of Abu Dhabi Marine Operating Company (Adma-Opco).
Texas Supreme Court Blocks BP’s $750 Million Insurance Claim
BP Plc isn’t covered under Transocean Ltd.’s insurance policies for the undersea well blowout that caused the 2010 Gulf of Mexico disaster, the Texas Supreme Court said, blocking the oil company’s access to $750 million for spill costs.
Iran Building New Oil Export Island Terminals
Iran plans to establish oil terminals in four islands to diversify export outlets from the biggest oil terminal on Kharg Island which accounts for more than 90% of crude exports
Libya’s El Sarir Oil Pipeline Sabotaged
Libya's El Sarir oil field is still unable to pump oil to Hariga port after sabotage on a pipeline just north of the field where repairs are ongoing, an oil official said on Sunday.
Iran: Caspian Oil Swap Scheme on Table Again
Iran says it has received new requests from its northern neighbors to revive a strategic crude oil swap scheme that was abandoned more than five years ago.
