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Gazprom-Iran $40Bn Deal Faces Issues Over Corrosion And Sanctions

Industry Headlines

Oil Falls to Lowest Level in Six Months Share your comments
Tuesday, August 16, 2022Oil settled at the lowest in more than six months as traders weighed the prospects for increasing Iranian crude exports with a worsening outlook for global economic growth.

What Would Iran Deal Mean for Oil? Share your comments
Tuesday, August 16, 2022When sanctions were eased following the 2015 deal, Iran's crude output was restored more quickly and more completely than analysts had predicted.

New Windfall Tax Proposals Could Destroy UK Local O&G Production Share your comments
Tuesday, August 16, 2022A new round of windfall taxes would leave the UK facing decades of energy insecurity, heap further costs on consumers, and make the nation more dependent on other countries for gas and oil.

Jet Fuel Demand Back with a Vengeance Share your comments
Tuesday, August 16, 2022Jet fuel demand has come back with a vengeance.

Record Results Not Enough for Aramco to Top Apple Share your comments
Tuesday, August 16, 2022Aramco is currently ranked second in a list of the world's largest companies by market cap.

US Forms New Offices To Deploy Clean Power Nationwide Share your comments
Tuesday, August 16, 2022The U.S. Department of Energy has launched two new program offices – the Grid Deployment Office and the Office of State and Community Energy Programs.

Altera Starts Chapter 11 Process To Ease Debt Restructuring Share your comments
Tuesday, August 16, 2022Altera Infrastructure started the Chapter 11 process in the US Bankruptcy Court for the Southern District of Texas to help the balance-sheet restructuring.

Aberdeen Airport Resumes Operations After Suspension Share your comments
Tuesday, August 16, 2022On Monday morning the airport announced that it was carrying out some unscheduled maintenance work.

Gazprom-Iran $40Bn Deal Faces Issues Over Corrosion And Sanctions Share your comments
Tuesday, August 16, 2022The $40Bn Iran–Russia deal for joint development of offshore fields in the Middle Eastern country could fall through due to corrosion issues.

Oil Tumbles as Chinese Economic Data Renewed Recession Fears Share your comments
Monday, August 15, 2022Oil settled below $90 a barrel as softer economic data from China and a potential breakthrough in negotiations with Iran eased pressure on crude markets.


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Exploration

Tamboran Cleared to Drill Maverick 1H Well Share your comments
Monday, August 15, 2022Tamboran cleared to drill up to seven wells in the EP 136 permit - including the Maverick 1H well.

Oil Rig Headed to Drill in South Africa's Litigious Waters Share your comments
Sunday, August 14, 2022A rig hired by Eco Atlantic Oil & Gas Ltd. and partners is headed for waters off South Africa.

88 Energy Makes 1 Billion Barrel Oil Announcement Share your comments
Thursday, August 11, 2022'Resources of this magnitude present our shareholders with significant upside potential and opportunity'.

Hess Encouraged By Huron Well In Gulf Of Mexico Share your comments
Thursday, August 04, 2022Hess is buoyed by the results of the drilling operations concluded in the second quarter at the Huron well in Green Canyon Block 69.

High-Impact Exploration Up With Most Wells Expected Since 2019 Share your comments
Thursday, August 04, 2022Companies drilled 38 high-impact exploration wells in the first half of 2022 and the year is set to finish with most such wells drilled since 2019.

Petrobras Hits Gas Off Colombia Share your comments
Tuesday, August 02, 2022Petrobras, in partnership with Exopetrol, has hit more gas in the Uchuva-1 exploratory well in the Tyrona Block offshore Colombia.


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Production

Jadestone Shuts Down Montara FPSO Over Tank Issues Share your comments
Monday, August 15, 2022Jadestone has decided to shut down its Montara field FPSO in the Timor Sea, offshore Australia, to repair a leaking tank.

IEA Sees Little Chance OPEC+ Will Supply More Oil Share your comments
Thursday, August 11, 2022OPEC+ is unlikely to increase output in the coming months, according to the IEA.

457MW California Solar Project Reaches Full Power Share your comments
Wednesday, August 10, 2022The Palen Solar Project is a 457-megawatt photovoltaic facility in Riverside County, California.

Atlanta Field Returning To Production Soon Share your comments
Tuesday, August 09, 2022Following a scheduled shutdown, Enauta is planning to restart production from the Atlanta field soon with expectations set to return to normal by September.

Who Are the Biggest Producers and Consumers of Renewables? Share your comments
Thursday, August 04, 2022BP's latest annual statistical review of world energy has revealed the biggest producers and consumers of renewable energy.

Wintershall Dea Flows First Oil From Nova Field Share your comments
Tuesday, August 02, 2022Wintershall Dea has started production from its Nova oil field in the Norwegian North Sea together with project partners Sval Energi and Pandion Energy.


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Finance and Investing

PetroChina and Sinopec to Delist AD Shares from NYSE Share your comments
Tuesday, August 16, 2022PetroChina and Sinopec said they intend to file a Form 25 with the SEC on, or about, August 29 to delist their ADSs from the NYSE.

Buffett Boosts Oxy Stake Share your comments
Monday, August 15, 2022The amount of Occidental securities beneficially owned by Berkshire now stands at 188,366,460, according to a SEC filing.

Aramco Profit Surges to Another Record Share your comments
Monday, August 15, 2022Saudi Aramco posted the biggest quarterly adjusted profit of any listed company globally.

Neptune Posts Strong H1 Figures Backed by High Commodity Prices Share your comments
Friday, August 12, 2022Neptune Energy reported revenues for the half year at $2.06 billion and a net income of $761.7 million, rising significantly from the respective 2021 figures.

Ring Energy Posts Second Quarter Profit Share your comments
Monday, August 08, 2022Ring Energy reported a jump in net income for the second quarter of 2022 on the back of higher commodity prices.

Targa Resources Post Soaring Q2 Profit Share your comments
Monday, August 08, 2022Targa Resources reported a net profit of $596.4 million for the second quarter of 2022.

W. Virginia Bans Five Banks From State Deals Over O&G, Coal Stance Share your comments
Monday, August 08, 2022West Virginia State Treasurer Riley Moore has named five banks ineligible for state banking contracts due to their stance on fossil fuels funding.


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Company Operations

McDermott Inks H2Perth Project Pre-FEED Deal From Woodside Share your comments
Tuesday, August 16, 2022McDermott International has been awarded a Pre-FEED contract from Woodside Energy for the proposed H2Perth project.

BP Exiting Mexican Oil Assets Share your comments
Tuesday, August 16, 2022BP is seeking to get rid of its oil assets in Mexico amid a shift in its business strategy.

Williams, PennEnergy To Market Low Emissions Next-Gen Gas Share your comments
Tuesday, August 16, 2022Williams and PennEnergy Resources have agreed to support the marketing and delivery of certified, low emissions next-gen natural gas.

H2NorthEast Project Gets Government Approval To Move Forward Share your comments
Tuesday, August 16, 2022Kellas Midstream said the H2NorthEast development on Teesside is one of four low carbon hydrogen projects progressing to the next stage of the BEIS Phase-2 Cluster Sequencing Process.

Keppel Inks $2.9Bn Deal To Build P-80 FPSO For Petrobras Share your comments
Tuesday, August 16, 2022Keppel has won a tender from Petrobras for the engineering, procurement, and construction of the P-80 FPSO for about $2.9Bn.

Orcadian Executes Carra Prospect Farm-Out Share your comments
Monday, August 15, 2022Orcadian Energy has executed the agreement with Carrick for the transfer of 50 percent of sub-area of license P2320.


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