Austria’s integrated oil and gas company OMV has signed an MOU with National Iranian Oil Company (NIOC) to revive activities in Iran
Austria’s OMV signs MoU with National Iranian Oil Company
Exploration & Production
Iran leads OPEC output surge
Monthly data compiled by Bloomberg showed that Iran’s oil production rose by 300,000 bpd in April, according to a report by Kallanish Energy. This was the sharpest increase recorded amongst OPEC producers, whose combined output grew by 484,000 bpd in that month, the report says
Continued oil supply growth "unsustainable", research firm warns
Continued supply growth will become "unsustainable", leading to a supply shortfall of 4.5mn bpd by 2035 unless exploration results start to "significantly" improve, oil supply research firm Wood Mackenzie has warned
Schlumberger and NOV contracted for well operations in Algeria
Algerian state energy company Sonatrach has awarded US oil service firms Schlumberger and National Oilwell Varco (NOV) contracts for managing well operations
Egypt announces new oil exploration
The Egyptian petroleum minister Tarek al-Molla has announced plans to launch a new round of oil exploration
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