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ICOFC to Boost Oil Production from Dehloran Oil Field

ICOFC to Boost Oil Production from Dehloran Oil Field

The Iranian Central Oil Fields Company has planned to boost the production capacity of Dehloran oil field by the end of the current calendar year to March 2021 with the launch and repair of new wells.

 Shale producers Devon Energy and WPX merge in all-stock deal

Shale producers Devon Energy and WPX merge in all-stock deal

Devon Energy Corp. agreed to acquire WPX Energy Inc. in a $2.56 billion all-stock deal, creating one of the largest independent U.S. shale producers and answering investor calls for consolidation at a time of crisis for the sector.

Iran Ranks 1st in World Oil and Gas Discovery in 2019

Iran Ranks 1st in World Oil and Gas Discovery in 2019

The National Iranian Oil Company (NIOC) ranked first among the worlds largest oil companies in terms of total oil and gas discovery in 2019, with the discovery of 4.973 billion barrels of equivalent hydrocarbon reserves.

Iran Gas Exports at 16bcm

Iran Gas Exports at 16bcm

Iranian Minister of Petroleum Bijan Zangeneh said the country’s natural gas exports amounted to 16 billion cubic meters per year.

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