Iran will have a new, attractive investment model for oil contracts by September, its president and oil minister told some of the world's top oil executives here on Thursday, part of its drive to win back Western business.
About $140 billion worth of engineering and construction contracts have been either awarded by national oil companies (NOCs) or are planned throughout the Middle East in 2011, according to a report.
Upstream oil and gas development and pip
Tropical Storm Lee threatened the Louisiana coast with torrential rains and flooding and shut nearly half of US offshore crude oil production and a third of its gas production.
The slow-moving storm is expected to reach the Louisiana coast
Oil companies in Europe are betting on the survival of President Bashar Al-Assad in Syria, in sharp contrast to their support for Libya's opposition six months ago, even while the European Union is expected to soon slap oil sanctions on Damasc
European oil and gas companies have evacuated staff and suspended drilling preparations in Libya as violence spread across the North African country.
Norway's Statoil, Austria's OMV and Royal Dutch Shell have moved some staff as scores of
Bahrain's oil companies and oil installations have 'active and comprehensive' risk management systems in place to tackle any internal security issues, it has been revealed.
Oil and Gas Affairs Minister and National Oil and Gas
Iraq has asked international oil firms that won contracts to develop its vast oil reserves if they are interested in financing its huge crude export infrastructure projects.
The Oil Ministry is exploring options to finance its costly expor
Despite their widespread use by international oil companies (IOC), new research reveals that only a small proportion of the world's national oil companies (NOCs) own and operate their own insurance vehicles.
Known as captive insurance
Iraq will protect foreign firms against threats from trade unions seeking to block a major oil deal with BP and China National Petroleum Corporation (CNPC), a pillar of Iraq's bid to renew its struggling oil sector, an official said.
The world’s largest national oil companies (NOCs) and supermajors are planning over $375 billion of ambitious investments through the down cycle, despite ongoing concerns around oil demand, according to a new analysis from Ernst & Young.