News Article | February 15, 2017
BEIJING--(BUSINESS WIRE)--cippe 2017 (the 17th China International Petroleum & Petrochemical Technology and Equipment Exhibition) will be held on March 20-22, 2017 at New China International Exhibition Center in Beijing. With an exhibition area of 100,000m2, the event will gather around 2,000 exhibitors from 65 countries and regions, including 50 Fortune Global 500 companies and 18 international pavilions, to display the latest cutting-edge petrochemical and equipment technologies and products. cippe is an approved member of the Global Association of the Exhibition Industry (UFI) and enjoys the support of China’s Ministry of Commerce. This year as the petroleum industry is setting to revive, cippe will present a more professional, valuable and wonderful event for the industry players. In 2017, apart from the existing Oil Exploration & Development, Offshore Oil & Gas, Offshore Engineering, Oil & Gas Pipeline, Shale Gas, Natural Gas and Explosion-proof Equipment zones, the event will add professional exhibition zones for more market segments, including Valves, Fire Control, Oilfield & Land Conservation, in a bid to build a more precise and professional matching platform for buyers. So far, companies that have confirmed to attend include Caterpillar, NOV, Schlumberger, GE, Honeywell, DOW Chemical, Rockwell, Transneft, Rosneft, Akzo, API, 3M, E+H, MTU, Hempel, CNPC, Sinopec, CNOOC, CSSC, CSIC, CASC, Jereh, Kerui, RG Petro-Machinery, Sany Heavy Industry, Northern Heavy Industries Group, CITIC Pacific, HBP, Jerrywon, LandOcean Energy, Anton Oilfield, Shanghai Shenkai, Tiehu Petromachinery, Tidfore, CNOOC, DS Group and Warom Technology. Building professional forums to help insiders look into the future cippe 2017 will continue to hold the 9th International Petroleum Summit highlighting low-cost development, which will analyze industry prospects and policies to come up with feasible practices and technologies. Multiple other technology seminars and symposiums will be held concurrently. During cippe 2017, the organizer Zhenwei Expo will partner with Xi'an Shiyou University and Shanxi Petroleum Society to hold the 2017 International Petroleum & Petrochemical Technology Conference, covering the full industry chain including offshore petroleum exploration, drilling and producing engineering, oil & gas storage and transportation, etc. Besides, cippe will launch the Middle East session by cooperating with Petroleum Association of Middle East (PAME) and Business Gateways International. LLC., (BGI) of Oman. While BGI Oman will introduce in details about its Joint Supplier Registration System (JSRS) to facilitate Chinese petroleum companies to enter Omanis market, PAME will elaborate on the opportunities, challenges and strategies in the Middle Eastern market. cippe 2017 will attract over 100 buyer and visitor delegations comprised of government institutions, industry associations and companies. Rosneft, Gazprom, Transneft, Saudi Aramco, Statoil, NIOC, INOC, Qatargas, Saudi Aramco, Emirates National Oil, Petronas, KNPC, PDVSA, EVOLEN, PAME, DNV, and other industry associations from the Netherlands, India and France.
News Article | November 8, 2016
PARIS--(BUSINESS WIRE)--Regulatory News: Total (Paris:FP) (LSE:TTA) (NYSE:TOT) a signé avec NIOC, la compagnie nationale iranienne, un protocole d’accord en vue de développer la phase 11 de South Pars, le plus grand gisement de gaz naturel au monde. La capacité de production du projet South Pars 11 (SP 11) sera de 1,8 milliard de pieds cube par jour, soit 370 000 barils équivalent pétrole par jour. Le gaz produit est destiné à alimenter le réseau iranien. Total sera opérateur et actionnaire à h
News Article | November 8, 2016
PARIS--(BUSINESS WIRE)--Regulatory News: Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has signed a Heads of Agreement (HoA) with the National Iranian Oil Company (NIOC) for the development of phase 11 of South Pars, the world's largest gas field. The South Pars 11 project (SP11) will have a production capacity of 1.8 billion cubic feet per day, or 370 000 barrels of oil equivalent per day. The produced gas will be fed into Iran's gas network. Total will operate the SP11 project with a 50.1% interest a
News Article | February 9, 2017
Despite new sanctions by the Trump Administration and an escalating war of words regarding its ballistic missile program, Iran is continuing to push ahead with plans to maintain oil production at around 3.8 million bpd, the level agreed upon at the November OPEC meeting last year. In order to do so, Iran will need to attract billions in new investment, as its current production is based on aging fields and crumbling infrastructure. To maintain the current production level while continuing to export and meet domestic demand, Iran will need at least $100 billion in new investment. New U.S. sanctions, which target 25 Iranian individuals and entities said to be associated with the country’s missile program, is being touted as an “initial step” in the administration’s plan to push back hard on Iran’s regional ambitions, with National Security Advisor Michael Flynn announcing last week that the U.S. was “putting Iran on notice.” The Iranian response to the U.S. rhetoric has been mostly dismissive, with one Iranian official characterizing the Trump Administration as “inexperienced.” The question is how these new sanctions or future U.S. actions against Iran may inhibit the country’s recovering oil and gas industry. The announcement of the new sanctions caused a slight tremor in prices, which was offset by inventory reports and reviving U.S. output. If tensions between the U.S. and Iran were to escalate, it would place upward pressure on prices. Related: Electric Vehicles Will Be A Major Oil Price Driver In The Future Iran is set to announce a round of tenders in mid-February. Originally set for January, the tenders were delayed several weeks, in part due to disagreements within the Iranian government (which oversees the National Iranian Oil Company, or NIOC) over how best to attract foreign investment. Debates over new oil contracts raged all last summer, as the question of inviting more foreign companies into Iran is beset with political significance in a country still considerably isolated from international capital, as well as one that has a long history of distrusting foreign oil companies. According to Reuters, the first round of tenders has been repeatedly delayed, while major companies have made only hesitant inroads into Iran. Shell signed a provisional deal in December to develop three large oil and gas fields, but has yet to act on it. French company Total agreed in principle to a $2 billion deal to develop the South Pars natural gas field, with a 50.1 percent stake in the project The new round of U.S. sanctions, though they are limited in nature, are acting to deter U.S. companies from seeking new contracts. Deputy oil minister Amirhossein Zamaninia has welcomed interest from U.S. companies, but has warned that as long as the primary sanctions remain, “U.S. firms cannot play any role in Iran’s oil and gas industry.” Zamainnia has expressed hope that President Trump, as a “non-conventional politician,” will seek to revise U.S.-Iranian relations and seek business deals, which could potentially serve the U.S. economy. Yet Trump’s hard stance on Iran thus far, and the imposition of new sanctions, would make that appear unlikely. The Iranian press claims the new sanctions are isolating the U.S., rather than Iran, which is still free to pursue deals with European companies. “Iran has placed no limitations on American companies, but based on their own laws they are not allowed to attend oil tenders in Iran,” Zamaninia told the press. Without U.S. companies participating, Iran could probably attract the investment it needs in the short-term. The tenders to be offered in February will include twenty-nine companies, most of them Chinese or East Asian, though Total and Shell have both been permitted to participate. BP was encouraged in January to bid once contracts became available, though the company has not said one way or the other whether it will participate. Iran remains primarily interested in attracting European capital. This makes sense, both from an economic and political perspective (and with the U.S. sanctions and new administration, politics will matter just as much as economics). Iran wants to start exporting in large quantities to Europe again, and last month it dispatched the first major tanker shipments to a European port in five years. Should U.S. antagonism towards Iran increase, to the point that President Trump considers imposing new sanctions or even backing out of the July 2015 nuclear deal, it would place no restraint on European countries like Germany, Great Britain and France, who were all parties to the deal. Germany company BASF, along with two other German petrochemical firms, has expressed an interest in investing as much as $12 billion in Iran, according to Iranian press sources. Total, for its part, has said that it is still ready to go through with its plan, now worth $4.8 billion, to develop South Pars. It should be noted that a lot of the enthusiasm being generated about possible investments in Iran are coming from Iran-affiliated news sources. It may take some time to see if the confidence being projected around Iran’s ability to attract ample investment accurately reflects industry confidence in the country’s ability to work with foreign companies. Nevertheless, should the February tenders be a success, and should Iran overcome its own political divisions regarding attracting foreign investment, there’s a strong chance the country will continue to develop its untapped oil and gas fields and continue the on-going recovery of its domestic energy industry, regardless of punitive actions taken by the United States.
News Article | November 15, 2016
Iran Midstream Oil and Gas Industry Outlook to 2021: Market Forecasts for Liquefied Natural Gas (LNG), Oil Storage, Pipelines, Underground Gas Storage and Gas Processing is a comprehensive report on midstream oil and gas industry in Iran. Albany, NY, November 15, 2016 --( Request a Sample Report: http://www.marketresearchhub.com/enquiry.php?type=S&repid=855943 The report highlights the assets of the country’s midstream oil and gas sector with the key insights of chief mergers and acquisitions, private equity, partnerships and initial public offerings. According to the report, the economy is heavily dependent on the productive oil and gas sector as Iran has the second largest gas industry reserves in the world after the Russian Federation. It is projected that, for two decades its production growth has increased by an average of 10 percent. Demand has also surged because of economic aspects and population growth. Browse More Info with TOC: http://www.marketresearchhub.com/report/iran-midstream-oil-and-gas-industry-outlook-to-2021-market-forecasts-for-liquefied-natural-gas-lng-oil-storage-pipelines-underground-gas-storage-and-gas-processing-report.html Natural gas has also been liquefied and used as an alternate for gasoline and other transport fuels. As Iran's oil sector has become more advance, the government has used more gas for reinjection of natural gas into maturing oil fields in order to maintain oil production. Also, the midstream sector forms a channel between the retrieval and processing segments to play a significant role in the transport, storage and processing of raw resources. During the reduction in oil prices in 2015, the midstream sector has been insulated from the price differences to some extent. The involved companies have fared well and are looking forward to increase their investments in the oil and gas sector. Top listed companies of Iran are as follows- National Iranian Oil Co. (NIOC) Bou Ali Sina Petrochemical Industries Bandar Imam Petrochemical Co. National Petrochemical Co. National Iranian Oil Refining and Distribution Co. National Iranian Oil Co. (NIOC) is the third largest oil and gas company in Iran. NIOC has exclusive rights to all Iranian extraction, transportation and exportation activities of crude oil, and all natural gas along with LNG sales. Further, in the report, historic and forecast of natural gas & oil data associated to its production, consumption, imports/exports for the period of 2000-2020 are also discussed. Asset details of all ongoing and planned projects across Iran oil and gas value chain are analyzed in the report. Additionally, recent developments & some other significant developments and latest contracts awarded in the Iran midstream sector have been mentioned in detail. In the concluding section of the report, new contract announcements of the industry are clearly outlined. About Us Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps. MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients. Contact Us 90 State Street Albany, NY 12207, United States Toll Free : 866-997-4948 (US-Canada) Tel : +1-518-621-2074 Email : email@example.com Website : http://www.marketresearchhub.com Albany, NY, November 15, 2016 --( PR.com )-- Market Research hub added a latest forecast report to its database that highlights Iran midstream oil and gas industry. The report is entitled “Iran Midstream Oil and Gas Industry Outlook to 2021: Market Forecasts for Liquefied Natural Gas (LNG), Oil Storage, Pipelines, Underground Gas Storage and Gas Processing.” This analysis covers key downstream facilities, gas processing and petrochemical facilities including refineries as well as the liquefied natural gas (LNG) market scenario till 2021.Request a Sample Report: http://www.marketresearchhub.com/enquiry.php?type=S&repid=855943The report highlights the assets of the country’s midstream oil and gas sector with the key insights of chief mergers and acquisitions, private equity, partnerships and initial public offerings. According to the report, the economy is heavily dependent on the productive oil and gas sector as Iran has the second largest gas industry reserves in the world after the Russian Federation. It is projected that, for two decades its production growth has increased by an average of 10 percent. Demand has also surged because of economic aspects and population growth.Browse More Info with TOC: http://www.marketresearchhub.com/report/iran-midstream-oil-and-gas-industry-outlook-to-2021-market-forecasts-for-liquefied-natural-gas-lng-oil-storage-pipelines-underground-gas-storage-and-gas-processing-report.htmlNatural gas has also been liquefied and used as an alternate for gasoline and other transport fuels. As Iran's oil sector has become more advance, the government has used more gas for reinjection of natural gas into maturing oil fields in order to maintain oil production. Also, the midstream sector forms a channel between the retrieval and processing segments to play a significant role in the transport, storage and processing of raw resources. During the reduction in oil prices in 2015, the midstream sector has been insulated from the price differences to some extent. The involved companies have fared well and are looking forward to increase their investments in the oil and gas sector. Top listed companies of Iran are as follows-National Iranian Oil Co. (NIOC)Bou Ali Sina Petrochemical IndustriesBandar Imam Petrochemical Co.National Petrochemical Co.National Iranian Oil Refining and Distribution Co.National Iranian Oil Co. (NIOC) is the third largest oil and gas company in Iran. NIOC has exclusive rights to all Iranian extraction, transportation and exportation activities of crude oil, and all natural gas along with LNG sales. Further, in the report, historic and forecast of natural gas & oil data associated to its production, consumption, imports/exports for the period of 2000-2020 are also discussed. Asset details of all ongoing and planned projects across Iran oil and gas value chain are analyzed in the report. Additionally, recent developments & some other significant developments and latest contracts awarded in the Iran midstream sector have been mentioned in detail.In the concluding section of the report, new contract announcements of the industry are clearly outlined.About UsMarket Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.Contact Us90 State StreetAlbany, NY 12207,United StatesToll Free : 866-997-4948 (US-Canada)Tel : +1-518-621-2074Email : firstname.lastname@example.orgWebsite : http://www.marketresearchhub.com Click here to view the list of recent Press Releases from Market Research Hub
News Article | December 15, 2016
PKN ORLEN has purchased 1 million barrels of Iranian Light oil. It will be delivered to Naftoport in Gdańsk in January, to be then transported to the PKN ORLEN refinery in Płock. Płock, Poland, 15-Dec-2016 — /EuropaWire/ — The newly initiated cooperation with the National Iranian Oil Company (NIOC) fits into PKN ORLEN’s oil procurement strategy designed to build commercial relations with the world’s largest oil producers and open to different supply sources. Over the past two years the Company started to source different types of crude from the Persian Gulf (Iraq, Saudi Arabia). Since mid-2016, oil from Arab producers has been constantly a part of the PKN ORLEN refinery’s feedstock portfolio, and the contract entered into with Saudi Aramco in May was extended for another year in November. The processing of the feedstock most recently delivered from Iran will be a basis for further plans regarding supplies from that direction. The current situation in the market opens the way to engaging in partnerships with alternative suppliers, which will help improve flexibility and efficiency of oil procurement planning for the ORLEN Group. The Company’s refineries are now supplied with the feedstock under long-term contracts with Rosneft Oil Company, Tatneft Europe AG and Saudi Aramco. With its technological configuration, PKN ORLEN’s plants can process more than 80 types of oil from different parts of the world.
News Article | August 24, 2016
The energy sector is going through a “grand transition” that will radically change the way energy security should be approached, says Christoph Frei, Secretary General of the World Energy Council, on the eve of the ONS Summit, a high-level meeting on energy security in Stavanger on August 28-29, hosted by the Munich Security Conference and the ONS Foundation. In particular, the role of gas in the European energy system will change, says Frei. The good news is that sourcing of gas will become much less of a concern. The bad news that the refinancing of existing gas infrastructure is at risk. The Munich Security Conference, a major global forum for the discussion of security policy, is not confined to the famous annual gathering of that name in the Bavarian capital. Since a number of years, the Munich Security Conference also organises high-level events on particular regions or topics. Energy security is one of them. As part of the MSC Energy Security Series, Munich Security Conference and ONS Foundation are organising a joint Summit on energy security and security of supply in Stavanger on 28 and 29 August 2016, immediately preceding the bi-annual ONS Conference and Exhibition. The event, supported by the Norwegian government, will see some of the biggest names in energy getting – including CEOs and executives of Shell, Statoil, Petrobras, Eon, NIOC (Iran), ConocoPhillips, Saudi Aramco and Kuwait Petroleum Corporation, ministers and senior policymakers, and independent experts such as Daniel Yergin of IHS Cambridge Energy Research Associates. Christoph Frei, Secretary General of the World Energy Council, the UN-accredited global energy network which has more than 3,000 member organisations in over 90 countries, will also be there. And he will have a message that may come as a surprise to those who are inclined to think about energy security primarily in traditional geopolitical terms – including policymakers in Europe who tend to view energy security through the prism of EU-Russia relations. The world is going through a “triple transition”, says Frei, which will fundamentally change the global and European energy security equation. According to Frei, there are three key drivers for change that make up this “grand transition”. The first is decarbonisation, a “dynamic that’s unstoppable after COP21 in Paris last December”. The second is “linked to decarbonisation, but it’s different. We are seeing fundamental changes in market design and business models. This is the result of the growth of zero-marginal cost energy, low entry barriers to the market, decentralisation and digitisation.” Thirdly, there is the challenge to the “resilience” of energy companies. In September, the World Energy Council will present the third chapter of its three-part study into three factors that are putting great strains on the energy sector: the increase in extreme weather events as a result of climate change, the so-called Energy-Water-Food nexus (with water availability playing an increasingly important role in energy generation) and the growing risks of cybersecurity threats. For Europe, says Frei, with its highly interdependent and digitised market, the cybersecurity risk is probably the most critical one. These three drivers are occurring mostly independently, says Frei. “But it’s how we manage them, that will determine how well we will be able to ensure secure energy supplies. Will we stay at the frontiers of new technologies, at the right side of innovation? Will we be able to create the right market structures and models? Those are the key questions.” Clearly this is a much broader framework at which to look at energy security than is often assumed by traditional geopolitical thinking. In any case, the World Energy Council views energy security as one of the three dimensions of the famous “Energy Trilemma” developed by the Council, the other two being affordability and environment. What does this mean for the gas market, particularly in Europe, where the discussion around energy security is focused mostly on Europe’s dependency on Russian gas? Frei notes there are two major changes taking place in the gas market. First, as part of the energy transition, the role of gas is changing. “In the past, gas was primarily bought to obtain energy, both in the heating and electricity sector. Today, with the growth of renewables, gas is increasingly bought for systems services, as a source of flexibility, certainly in Europe. This means that the volumes go down, but the value may be greater.” Secondly, as a recent report from the World Energy Council shows, at the global level we may expect to see large growth of unconventional gas over the coming decades. “The US shale gas revolution has already changed the market fundamentally, but other countries will also develop their unconventional gas resources: China, Australia, but also Saudi Arabia, Argentina, and others. That will increase market depth. There used to be only three large suppliers, now there will be many more. That will take the geopolitics out of the gas market to a certain extent. The gas market will be much less exposed to geopolitical risks.” This last does not mean there is nothing to worry about anymore. At this moment, says Frei, there are no market signals to capture the new role gas will play in the European market. “The market model that we currently have does not incentivise the new use of gas. That means the refinancing of existing infrastructure could be at risk. And that’s critical for energy security.” In other words, when it comes to gas, the focus of European policymakers should shift from a narrow focus on sourcing of gas supplies to ensuring a proper market design which ensures investment in infrastructure. “When we talk about market design, or energy market reform, we are not talking only about electricity. You are also talking about the underlying gas infrastructure, which is a critical part of the electricity and energy system.” Frei emphasizes that the story of gas in Europe does not have to be a negative one. “There seems to be a dispirited aura around gas in Europe sometimes. But gas offers a lot of new opportunities. As a source of flexibility. As transport fuel. As a source of energy storage. We have great gas infrastructure that we can use to great effect, if we develop the right business models.” The effects of the “triple transition” will not be confined to gas. Other parts of the energy value chain will also be affected, says Frei, with major implications for energy security. Take the international oil companies, who have up to now formed an important economic backbone of our societies. “We see that they are shifting from oil to gas but also increasingly looking at electricity. What is absolutely critical to understand is that the electricity world is changing radically. In the past big was beautiful. Now the market no longer favours scale. If you want to go into renewables, you can’t do it on the basis of the old business model.” In the end, says Frei, it’s “innovate or die”. That will be more important for our energy security than any geopolitical developments.
Farrokhrouz M.,NIOC |
Asef M.R.,Kharazmi University
EAGE Shale Workshop 2010: Shale - Resource and Challenge | Year: 2010
Shale instability is essentially driven by changes in stress and/or chemical alteration. However, sometimes less attention may be paid to geochemical processes. In addition, some well engineering approaches may inevitably facilitate geochemical alterations. An appropriate decision may be more difficult if shale is observed as interbred layers in a carbonate reservoir (rather than as a cap rock). In this research an exceptional approach was chosen to identify geochemical processes that induced geomechanical instability in a gas reservoir with shale interbeds in the South of Iran. Nevertheless, the problem and potential solutions were worked out corresponding to the conceptual engineering geological skills. The results showed that excessive water and HCL acid (traditionally used for well stimulation) in contact with shale interbeds could have significantly contributed in plugging of the well. Site investigations revealed that the amount of excessive (unwanted) water, to a large extent depends on the gas production rate. A systematic analysis of geochemical processes at different production rates was conducted. Mineral precipitation/dissolution of shale formation was simulated accordingly. Corresponding geomechanical interpretations were considered as key points to make an appropriate decision based on economic production rate and the likely well engineering problems.
News Article | November 16, 2016
Oslo, 16 November 2016 - DNO ASA, the Norwegian oil and gas operator, today announced the signing of a memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) to conduct a study concerning the development of the Changuleh oil field in western Iran. Changuleh, discovered in 1999 but never developed, is estimated to hold more than 2 billion barrels of oil-in-place. "Iran presents an obvious and exciting next step in expanding DNO's footprint in the region," said DNO's Managing Director Bjørn Dale. "Our low-cost, fast-track development strategy and our fractured carbonate reservoir experience in the Kurdistan region of Iraq can be easily applied and leveraged in Iran," he added. The Company has established a wholly owned subsidiary DNO Iran AS amid preparations to increase its presence in Iran. For further information, please contact: Media: email@example.com Investors: firstname.lastname@example.org Tel: +47 911 57 197 DNO ASA is a Norwegian oil and gas operator focused on the Middle East and North Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Yemen, Oman, the United Arab Emirates, Tunisia and Somaliland. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.