• 8 minutes U.S. Shale Oil Debt: Deep the Denial
  • 13 minutes WTI @ $75.75, headed for $64 - 67
  • 16 minutes Trump vs. MbS
  • 39 mins Knoema: Crude Oil Price Forecast: 2018, 2019 and Long Term to 2030
  • 7 hours Nuclear Pact/Cold War: Moscow Wants U.S. To Explain Planned Exit From Arms Treaty
  • 8 hours Merkel Aims To Ward Off Diesel Car Ban In Germany
  • 7 hours Why I Think Natural Gas is the Logical Future of Energy
  • 6 hours A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 17 hours Get on Those Bicycles to Save the World
  • 4 hours Iraq war and Possible Lies
  • 23 hours Satellite Moons to Replace Streetlamps?!
  • 1 day Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 23 hours Can “Renewables” Dent the World’s need for Electricity?
  • 17 hours Can the World Survive without Saudi Oil?
  • 14 hours Long-Awaited Slowdown in China Exports Still Isn’t Happening
  • 51 mins EU to Splash Billions on Battery Factories
Alt Text

Are Energy Majors Under Threat From Big Tech?

Audi and Amazon have teamed…

Alt Text

The Dark Horse Of The Oil Price Rally

Vietnam is set to break…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Trending Discussions

Is This The First Resource Opportunity From The Iran Deal?

We’re just days past a tentative nuclear agreement with Iran. And already signs are emerging that projects opportunities that could be coming here.

Such as in the oil and gas sector. Where Iranian officials said this week they are already eying Western involvement in the domestic sector.

The head of Iran’s committee to review oil contracts, Mehdi Hosseini, announced Sunday that the government will unveil a new array of contracts in the petroleum sector this September. Hosseini added that the government is specifically looking to investment from U.S. and European firms. Related: Why The Oil Price Collapse Is U.S. Shale’s Fault

As proof, the government said it will hold an international conference in London to unveil the September oil contracts. Demonstrating exactly who the target audience is for this bid round.

This obviously signals a major potential opportunity for E&P players. Iran’s oil and gas fields have proven, high-potential geology, and a lack of modern exploration — with foreign-backed investment in the sector having been limited over past decades to “risk service contracts”, where companies aided in development but were prohibited from owning reserves. Related: This Nation Could Host Next Latin American Offshore Boom

That hang-up — along with recent sanctions — led most big firms to pass by Iran’s fields. But the Iranian government has indicated that could all change this year. Suggesting that petroleum contracts will be reworked to offer attractive terms — including ownership of in-ground oil and gas reserves.

This week’s pro-West announcement from Iran also suggests opportunities could be coming in other resource sectors here. Mining, for example, where Iran holds world-class potential for copper porphyries, lead-zinc deposits and even gold mines. (Just last month, the scholarly journal Ore Geology Reviews dedicated a full volume to new research on Iran’s mineral potential.) Related: Media Spin On Oil Prices Running Out Of Fuel

Of course, all of this is contingent on a final deal with the West going through (and holding up). Watch for developments on the political front — if peace looks to be sticking, it may be time to think about adding this nation to our watch list.

Here’s to going un-rogue,

Dave Forest

More Top Reads From Oilprice.com:




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News