State-owned NIOC has identified 34 foreign companies as suitable bidders
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Sukuk buy helps Dana Gas offset low oil price blow
Sharjah-based private gas producer records flat Q2 2016 net profit at $7mn, while H1 2016 net profit stands at $13mn
Iran probing if oil accidents were cyberattack
A series of fires and explosions in recent weeks has killed one and caused major damage to some of the Islamic Republic’s oil and refining facilities
Special Report: Building oil and gas supply chains
Vinodkumar Raghothamarao, customer engagement manager, Epicor Software Corporation
Comment: The oil power-play in the Middle East
Both OPEC and non-OPEC countries need to come to a conclusion to freeze crude oil production levels to ensure the oil price does not fall lower, says CEO of Sun Global Investments, Mihir Kapadia.
America has the most oil
The US possesses bigger oil reserves than even Saudi Arabia or Russia, and over 50% of the remaining oil is in the form of unconventional shale oil, according to Rystad Energy
Iran plans phased renovation of oil facilities
Plans are under way to renovate petroleum facilities in Iran’s southern oil rich regions
Iraq’s oil production rises to 4.63mn bpd in July
The OPEC member pumped 4.632mn barrels of crude oil per day in July compared with 4.559mn bpd in June
Iran’s cabinet approves new oil and gas contracts
‘The draft of the general conditions, structure and patterns of the upstream petroleum and gas contracts includes more than 150 minor and major changes’, official Shana news agency reports
OPEC oil production slumps by 80,000 bpd in July
Nigeria led the decline with a 70,000 bpd monthly drop to 1.52mn