Economy & Markets

Oil Market Highlights Crude Oil Price Movements

Oil Market Highlights Crude Oil Price Movements In April, the OPEC Reference Basket (ORB) rose by $4.67, or 7.3%, month-on-month (m-o-m), to average $68.43/b, with Dated Brent and Dubai rising by nearly 9% each, while spot WTI increased by 6%. Year-to- date (y-t-d), the ORB value was $13.85, or 26.7%, higher at $65.67/b, compared with the same period a year ...

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Investment Ideas for the Year Ahead

As 2017 draws to a close, investment experts have been looking into their crystal balls to assess economic prospects for the coming year and the funds and investment trusts that could benefit. While there seems no end to the equity and bond markets’ enduring bull run and many managers remain positive on prospects for 2018, there is increasing concern among ...

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Training in Oil and Gas Upstream Industry; A Concern to Notice

The issue of training in different industries by considering the new occupational needs in various technical and managerial departments and the presence of expert human resources is of utmost importance. The significance of this issue in the oil industry is multiplied when investigating the statistics of the dependence of many industries on oil and gas. According to a IHS study, ...

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South Pars, Indicator of Iranian Contractors

Gholam-Reza Manouchehri has experienced working both in offshore and onshore. He is well familiar with subsea pipelaying and refinery construction. He also knows sanctions and lack of finance.  Manouchehri has a brilliant background in companies like Petropars and Iranian Offshore Engineering and Construction Company (IOEC), both involved in the development of South Pars gas field. He is now serving as ...

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Integrated Automation Operating Management System in Drilling Industry

In order to better implement technical safety and quality characteristics in this industry, a comprehensive automation system is needed to be applied for the integrated management of all operations in upstream industry. A comprehensive support system that is not only limited to HSEQ, but also includes other technical, operational, financial and project management sections, too. At the present, due to ...

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E&P Companies: Executives of Turnkey Contracts in the Upstream Oil and Gas Industry

With the exploration of oil and gas in the last century and last decades, providing a suitable infrastructure with the highest efficiency of these God-given resources to explore and produce oil and gas was given secondary priority and oil-producing countries were seeking to produce and make use of these underground resources rapidly. Therefore, considering the fact that this profitable industry ...

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A review of IPC contracts; Structures and divisions

Iran has only been using the buy-back model till 2013. Despite the significant successes during the low oil price era, this contractual model had some unsatisfactory limitations; such as: lack of a reasonable connection with market changes, limited financial structure, and difficulty in change of scope depending on reservoir behavior. The new model was designed by considering all limitations. In ...

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The effect of E&P companies’ foundation on entrepreneurial systems of upstream industry

Ali Akbar Vahidi Alagha is one of the most technical and legal experts who is graduated of petroleum engineering from Imperial College of London and parts of his management experiences is Aghajari field management, member of the board and engineering manager of National Iranian Drilling Company, IOOC and Petroleum Engineering and Development Company, vice president of Petroleum Engineering and Development ...

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