Middle East

Crude Oil , Trade

‘Business As Usual’ After Saudi Attacks, IEA Says

Saudi Arabia took just 11 days to restore lost output, though average supply there tanked by 770,000 bbl/d to just over 9 million bbl/d in September—the lowest level since 2011.

October 11, 2019

Crude Oil , Tankers

Oil Posts Biggest Gain In A Month After Reports Of Iranian Tanker Attack

Oil prices jumped more than 2% on Oct. 11 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.

October 11, 2019

Technology

Weatherford Wins Multiyear Deals In Iraq

Integrated rig contracts headline agreements with iraq’s longest tenured oilfield services provider.

October 9, 2019

Crude Oil , International

Report: Iran Will Use Every Means Possible To Export Its Oil

Iran will not succumb to U.S. pressure and will use every possible way to export its oil, Iranian Oil Ministry's website SHANA quoted Oil Minister Bijan Zanganeh as saying on Oct. 6.

October 6, 2019

Construction , Pipelines

Iran Building Oil Pipeline To Terminal Outside Gulf

Tehran has threatened to block the vital Gulf oil shipping route during its standoff with the United States, after Washington last year withdrew from Iran's 2015 nuclear deal with world powers and reimposed sanctions, including on Tehran's vital oil exports.

October 1, 2019

Shale Plays , Technology , Drilling , Water Management

Sparking Innovation

The answers to a multitude of societal challenges could lie at the intersection of freshwater and saltwater.

October 1, 2019

Technology

BP Exploration Awards Offshore Azerbaijan Contracts To Susbea 7

The work scopes comprise engineering and fabrication of subsea structures, engineering, transport and installation of spools, the launching of a 16,200 tonne jacket and the float-over of an 18,500 tonne topside.

September 30, 2019

Business , Renewables

Oil Industry Refuses To Back Away From Fossil Fuels

A who’s who of the global oil industry sketched out a persistent role for fossil fuels on Monday, blocks away from the UN where 66 nations pledged to reach “net zero” carbon emissions by the year 2050.

September 25, 2019

Crude Oil

Saudi Aramco Restores Oil Output Earlier Than Expected: Sources

Saudi Arabia has restored its oil production capacity to 11.3 MMbbl/d  after Sept. 14 attacks on oil facilities, three sources briefed on Saudi Aramco's operations told Reuters.

September 25, 2019

International

Boris Johnson: ‘Very Likely Indeed’ Iran Was Behind Saudi Attacks

UK leaders says that he wants to work with allies to ease tensions in the Persian Gulf.

September 23, 2019