Development drilling commences, facility construction under way; first oil in 2020 Production from three developments to exceed 500,000 barrels per ...

TEHRAN (Shana) -- The National Iranian South Oil Company (NISOC) signed two contracts, totally valued at $1.2 billion, with the Persian Gulf Petrochem...

TEHRAN (Shana) -- The National Iranian South Oil Company (NISOC) is to sign two contracts, totally valued at $1.2 billion, with the Persian Gulf Petro...

TEHRAN (Shana) -- Iran holds about 67 billion barrels of oil in place in the jointly owned oil fields in the West Karoun area. Until 2013, Iran was ex...

Includes Federal Oil brand, distribution network and blending plant Strengthens ExxonMobil’s lubricant business and Mobil brand in fast-growin...

Equinor and Petrobras have completed their transaction announced in December 2017, whereby Equinor has acquired a 25% non-operated interest in the Ron...

How a visit to a shopping centre led to the use of virtual reality safety training for a new oil production project, Malikai, in the deep waters off S...

With daily oil production of over 90 000 barrels per day from current fields and with expected investments of more than 15 billion USD until 2030, Bra...

Equinor and partners at Gullfaks and Snorre have decided to explore the possibilities of supplying the Gullfaks and Snorre fields with power from floa...

TEHRAN (Shana) -- More than 108 years of prospecting for hydrocarbon reservoirs in Iran have resulted in the exploration of the supergiant South Pars ...

Statoil Azerbaijan (part of the Equinor group) and Azerbaijan’s state oil company SOCAR have today, 30 May, signed a Risk Service Agreement (RSA...

TEHRAN (Shana) -- The 19th crude oil consignment recovered from the oil layer of South Pars Gas Field in Persian Gulf waters was loaded at FPSO Cyrus,...