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Rosneft Will Allow It to Tap The Russian Group's Crude Oil Portfolio

Dec 25, 2012

The Moscow Times reported that Italian refiner Saras is to form a joint venture with Rosneft that will allow it to tap the Russian group's crude oil portfolio in return for access to the wider Mediterranean. Saras said that the two sides ...

Tags: Joint Venture, Oil and Gas, Crude Oil, Oil Heating Prices

Essar Oil Imported About 30% More Oil

Dec 12, 2012

Indian Times reported that Essar Oil, one of the key Indian clients of Iran, imported about 30% more oil from the nation in October compared with September and made rare purchases of Oriente grade from Ecuador. Essar has renewed its term ...

Tags: oil heating prices, crude oil futures, oil delivery, petroleum oil

Abu Dhabi National Energy Company Has Signed an Agreement

Dec 12, 2012

Gulf News reported that Abu Dhabi National Energy Company has signed an agreement to acquire 53.2% interest in the Atrush block in the Kurdistan region of Iraq from General Exploration Partners Inc, an affiliate of Aspect Holdings, LLC for ...

Tags: oil&gas drilling, oil investment, oil jobs, oil heating prices

Turkey's Crude Oil Imports From Iran Fell More Than 30%

Dec 12, 2012

Turkey's crude oil imports from Iran fell more than 30% to 75,281 barrels per day in October from September as substitute oil from other suppliers including Iraq and Saudi Arabia rose more. Iraq was Turkey's biggest crude supplier in ...

Tags: crude oil futures, oil heating prices, oil gas industries, oil suppliers

BP Will Outline Growth Plans for Its Oil and Gas Production Arm

Dec 12, 2012

Reuters reported that oil major BP will outline growth plans for its oil and gas production arm on Monday in its first strategy update since striking a series of deals aimed at getting its Russian and US operations back on track. Like all ...

Tags: oil&gas drilling, oil rig jobs, jobs in oil and gas, oil heating prices

Iran Has Started Drilling The First Exploratory Well at The Afshar-1 Gas Field

Dec 12, 2012

MNA reported that Iran has started drilling the first exploratory well at the Afshar-1 gas field, which is shared with Turkmenistan. The Iranian section of the gas field measures around 9 square kilometers in area, equaling half the total ...

Tags: oil&gas drilling, jobs in oil and gas, oil heating prices