Wednesday, May 6, 2026

Russia’s Lukoil eyes further investment in Iran’s oil industry

From Tehran Times: Vagit Alekperov, the president of Russian oil giant Lukoil, has said that Lukoil is interested in investing in Iran’s oil industry, Shana reported on Monday. Alekperov made the remarks in a meeting with Iranian Oil Minister Bijan Namdar Zanganeh on Monday in Tehran. The Russian director also noted that the results of appraisal studies over the Ab

EY Releases 2016 Oil & Gas Reserves Report

From EY: The shift to abundant supply that exceeds demand has created a low-price environment for both oil and natural gas. This environment made its mark on US exploration and production companies during 2015 with significant declines in revenues, capital expenditures and reserves. While the industry has seen tremendous success in identifying and developing new reserves in the past decade,