• 3 minutes 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 6 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 11 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 14 minutes Democrats through impeachment process helped Trump go out of China deal conundrum. Now Trump can safely postpone deal till after November 2020 elections
  • 13 mins Shale Oil Fiasco
  • 16 mins Everything you think you know about economics is WRONG!
  • 4 mins USA v China. Which is 'best'?
  • 12 hours Tesla Launches Faster Third Generation Supercharger
  • 15 hours Judiciary impeachment: Congressman says Sean Misko, Abigail Grace and unnamed 3rd (Ciaramella) need to testify.
  • 11 hours Quotes from the Widowmaker
  • 4 hours Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 23 hours READ: New Record Conoco Eagleford Vintage 5 wells, their 5th generation Test Wells . . Shale going bust . . . LAUGHABLE
  • 15 hours Offshore is changing
  • 2 days Global Debt Worries. How Will This End?
  • 1 day You long it you short it it is Here for a long time since Trump signed it
  • 2 days IEA predicts oil demand will grow annually at 1 million barrels a day for the next 5 years

Breaking News:

Libyan Oilfield Is Offline Again

Iran Suspends Chinese Contract for North Pars Natural Gas Field

Iran has suspended a development contract for its North Pars natural gas field with China National Petroleum Corporation International Ltd., "until further notice."
 
China National Petroleum Corporation International Ltd. is a subsidiary of China National Oil and Gas Exploration and Development Corporation and is the overseas oil and gas investment arm of China National Petroleum Corporation.
 
Pars Oil and Gas Company managing director Mousa Souri said, "We will decide on the continuation of CNPCI activities in the North Pars gas field when they fulfill their commitments in Iran's South Pars gas field, which is Iran's first priority," Teheran’s Fars News Agency reported.

Iran had previously warned the CNPCI that its concession would be voided and transferred to domestic companies if it did not step up work on phase 11 of Iran’s massive offshore Persian Gulf South Pars gas field. The 3,700 square mile South Pars natural gas field is shared by Iran and Qatar, with development of the Iranian portion divided into 24 phases. According to the International Energy Agency, South Pars is the world's largest gas field and holds an estimated 1,800 trillion cubic feet of natural gas and roughly 50 billion barrels of natural gas condensates.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

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