Mr Adam Sieminski chief of the US Energy Information Administration noted that the boost in oil extract in the last 150 years. Oil extraction will increase 760,000 barrels daily the highest increase since 1959. Oil extraction is expected ...
Tags: oil extraction, oil, energy resources, oil industry
US intelligence officials say there is growing evidence Iran was behind recent cyber attacks that disabled computers across the Saudi oil industry. These attacks contributed to a warning last week from Defense Secretary Leon Panetta that ...
Tags: Iran, cyber attacks, oil industry, disabled computers
Iran oil industry has launched an international insurance company to insure the tankers transporting its crude oil across the globe. Iranian Oil Minister Rostam Qassemi was quoted by English.farsnews.com as saying that after international ...
Tags: international insurance company, insurance company, oil tankers
Reuters cited Mr Rostam Qasemi Oil Minister as saying that western sanctions on Iran's shipping and energy sectors caused serious problems for its oil industry earlier this year but Iran has mostly overcome those challenges. Iranian ...
Tags: Iran, Sanction Challenges, US and European
The Express Tribune reported that Iran has given Pakistan an offer that looks like it is too good to refuse. Tehran offered 100,000 barrels per day of crude supply to fuel starved Pakistan on a long term deferred payment. Sources said ...
Tags: Iran, oil, energy, oil industry
Iran’s national CERT has warned of a new type of data-wiping malware that bears some of the hallmarks of a cyberattack that severely disrupted the country’s oil industry earlier this year. The exact nature of the latest attack ...
Tags: Cyberattack, Oil Hit, Computer Products
A new rivalry at the top of the Organization of the Petroleum Exporting Countries oil group has emerged, pitting up and coming Iraq against undisputed cartel heavyweight Saudi Arabia. Having overtaken Iran as OPEC's second biggest producer, ...
Tags: oil, Petroleum Exporting, Petroleum, oil prices
The ‘Shamoon’ malware that nixed the hard drives of 30,000 Saudi oil industry PCs in August was more of a ‘quick and dirty’ job by talented amateurs than a skilfully crafted professional cyberweapon, an analysis has ...
Tags: amatuers, cybercrime, cybercriminals, cyberwar, highlightedpost, Kaspersky
At a roadshow in London today, Iraq sought investors for two new oil pipelines: A 2.25-million bpd line from Basra to the pumping station at Haditha, to be built on an EPC (engineer, procure and construct) contract; and,A 750,000- to ...
Tags: Iraq, oil pipeline, oil, oil industry
Mr Alexander Lukashenko president of Belarus said that if necessary, Belarus will be able to get additional volumes of oil from countries other than Russia. The Belarusian head of state reminded the gathering that Belarus had already ...
Tags: Belarus, oil, Russia, oil industry
RIA Novosti reported that Russian British oil JV TNK-BP has won a tender to buy one of Russia’s last three major unexploited Soviet era oilfields in a deal likely to benefit oil giant Rosneft. The Federal Subsoil Agency said that ...
Tags: RIA Novosti, oilfields, Rosnef, oil industry
An oil field off the Nigerian coast with substantial reserves and potential risks has become the latest foreign prize scooped up as part of China Petrochemical Corp.'s African expansion campaign. The state owned oil gorilla better known ...
Tags: oil field, oil, China Petrochemical Corp, oil industry
Turkey is still highly dependent on Iranian oil imports, despite being given 6 month exception to the sanctions alongside India, South Korea and China amongst others. This was to give the countries time to diversify their energy sources ...
Tags: Turkey, Iranian oil imports, oil, oil industry
MNA reported that more than 400 Iranian companies are taking part in the development of the South Pars gas field through supplying equipment to related projects. Mr Ali Akbar Shabanpour MD of South Pars Gas Company said that the company ...
OPEC ministers gathering in Vienna have two tasks ahead of them on Wednesday: fix crude output policy for the year ahead and appoint a new secretary general to succeed the outgoing Abdalla el-Badri. While the 12-member group appears ...