Move aims to bolster Iran’s position in nuclear negotiations
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EU agrees Iran oil ban
Embargo to take effect from 1 July, no military response from Tehran
Posted inProducts & Services
Dragon Oil posts record annual results
Independent pumping over 70,000 bpd from prize Turkmenistan field
Posted inProducts & Services
Iraq surprised by oil strike at Missan
Reserves estimate to follow unexpected discovery at Dima field
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Asian consumers tap up Gulf states for oil supply
Iran’s faithful customers look to GCC as sanctions threaten to bite
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Iraq oil production above UAE, catching Iran fast
Platts analysis: OPEC output averaged 30.83 million b/d in December
Posted inProducts & Services
Arab oil exporters bank sees profits soar 86%
Ten member investment bank announced record profits for Q4 2011
Posted inNews
Technip nets subsea work for Statoil worth $69.5m
Contracts for Norwegian shelf work includes flowlines and umbilicals
Posted inNews
Maersk finds oil with first Angolan pre-salt well
5,334 metre deep well in 1km water depth strikes black gold