The jump meant Iran replaced regional rival Iraq as India’s second-biggest oil supplier – a role Tehran used to occupy before Western sanctions were imposed against it over the country’s disputed nuclear programme
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Alaska oil discovery, the biggest in 30 years
The massive find of conventional oil on state land could bring relief to budget pains in Alaska brought on by slumping production in the state and the crash in oil prices
Technology key to leveraging heavy oil’s potential
Heavy oil accounts for 21% of the world’s crude oil reserves, of which nearly 30% is in the Middle East, at 971bn barrels of heavy crude oil.
Oil prices hit 3-month low as US rig count climbs
Overshadowing the cuts, crude inventories in the United States, the world’s top oil consumer, surged last week by 8.2mn barrels
Preparing the UAE for the end of the oil era
Emiratis were encouraged to move away from business and finance courses, seen as preparation for a government job, and pursue science, technology, mathematics, and especially engineering
ADNOC, KNOC fail to renew Yeosu oil storage deal
The termination of this agreement comes just as the UAE has signed an agreement with India to store 5.86mn barrels of crude oil at its strategic storage facility
5 Minutes With: Matthias Heilmann of GE Oil & Gas
Matthias Heilmann, chief digital officer, GE Oil & Gas Digital Solutions
Comment: Disputes in a low oil price environment
Revenue streams will enable the oil and gas industry to weather the immediate low oil price storm and its effects on profitability and to adjust the business to the new reality
Shell still cool on post-sanctions Iranian oil
Of the oil majors, only Total has been buying Iranian crude over the past year in volumes comparable to pre-sanctions levels, which is looking to clinch a new deal with Tehran to develop oil and gas reserves.
EPA retracts data request for oil and gas industry
EPA withdrew its earlier request that owners and operators in the oil and natural gas industry provide information on equipment and emissions at the existing oil and gas operations.