• 3 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 5 minutes Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 9 minutes This Battery Uses Up CO2 to Create Energy
  • 12 minutes Shale Oil Fiasco
  • 14 mins Historian Slams Greta. I Don't See Her in Beijing or Delhi.
  • 3 hours We're freezing! Isn't it great? The carbon tax must be working!
  • 18 hours Indonesia Stands Up to China. Will Japan Help?
  • 8 hours US (provocations and tech containment) and Chinese ( restraint and long game) strategies in hegemony conflict
  • 9 mins Beijing Must Face Reality That Taiwan is Independent
  • 19 hours Tesla Will ‘Disappear’ Or ‘Lose 80%’ Of Its Value
  • 23 hours Environmentalists demand oil and gas companies *IN THE USA AND CANADA* reduce emissions to address climate change
  • 10 hours Might be Time for NG Producers to Find New Career
  • 2 days Phase One trade deal, for China it is all about technology war
  • 6 hours Trump has changed into a World Leader
  • 1 day Anti-Macron Protesters Cut Power Lines, Oil Refineries Already Joined Transport Workers as France Anti-Macron Strikes Hit France Hard
  • 2 days Angela Merkel take notice. Russia cut off Belarus oil supply because they would not do as Russia demanded
Alt Text

U.S. Gas Giant Downgraded To Junk Status

America’s largest natural gas driller…

Alt Text

Low Gas Prices Crush Appalachia Shale Boom

Though the Permian often takes…

Simon Watkins

Simon Watkins

Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for…

More Info

Premium Content

Trade War Is Unexpected Boon For Iranian Gas

Facing an unexpectedly rigorous enforcement by the U.S. of its re-imposed sanctions on oil and the recent addition of partial sanctions on its petrochemicals sector, Iran is pushing for output increases from its massive South Pars non-associated natural gas field. The field – a 3,700-square km sector of the 9,700-square km basin shared with Qatar (in the form of the 6,000-square km North Field) – already accounts for around 40% of Iran’s estimated 33.8 trillion cubic metres (tcm) of natural gas reserves and around 60% of its gas production. It is also critical in Iran’s overall strategy to increase its natural gas production up to 1 billion cubic metres (bcm) per day by the end of this Iranian calendar year (ending on 19 March 2020). .vemba-player-sticky{ min-width: 800px; z-index: 100000; }

A cornerstone of this output expansion strategy remains Phase 11 of the South Pars (SP11) site that has particular symbolic and logistical importance for Iran. Before the U.S. pulled out of the Joint Comprehensive Plan of Action (JCPOA) deal between the P5+1 group of nations (U.S., U.K., France, Russia, China plus Germany) and Iran, French supermajor, Total, had signed a multi-billion dollar deal to develop SP11. This marked the first major upstream hydrocarbons deal done between Iran and a Western firm since the JCPOA was agreed in 2015. That…




Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play