Iran will return to the global oil market with maximum capacity once sanctions against the country are lifted following the country’s nuclear deal with world powers, according to its oil ministry.
Source: Offshore
Shana: Iran to Return to Oil Market with Maximum Capacity
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Uzma clinches a leasing, operation and maintenance contract, worth $92 to $105 million, from PETRONAS Carigali for the D18 Water Injection Facility offshore Sabah, Malaysia.
Source: Offshore
Uzma Clinches Contract from PETRONAS Carigali for D18 WIF Project off Sabah
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Russian oil producer Lukoil appeals in a Romanian court against an asset seizure related to an investigation into alleged money laundering in the country.
Source: Offshore
Russia's Lukoil Says Appealed Against Asset Seizure in Romania
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The National Offshore Petroleum Titles Administrator approves MEO Australia’s application to vary the work program for permit AC/P53 in the Timor Sea offshore Australia.
Source: Offshore
NOPTA Approves MEO's Request to Vary AC/P53 Work Program in Timor Sea
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Providence Resources receives 18-month extension for Licensing Option 13/04 by the Irish Minister of State at the Department of Communications, Energy and Natural Resources, until November 30th, 2016.
Source: Offshore
Providence Resources Receives 18-Month Extension for Licensing Option 13/04
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Oil production from US shale in August is expected to fall by the most since at least 2007, according to the EIA.
Source: Offshore
EIA: Oil Output From US Shale Plays Seen Down For Fourth Month
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India expects a subsidy burden of $788 million to $946 million for state-run oil and gas producers this fiscal year if world oil prices stay at current levels, a senior oil ministry source says.
Source: Offshore
India Oil Ministry Sees 2015/16 Upstream Subsidy at 8M-6M
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Oil fell more than 1% after the US kept alive hopes of reaching a nuclear deal with Tehran that could bring hundreds of millions of additional barrels of crude into an oversupplied market.
Source: Offshore
Oil Dips As US Keeps Alive Hopes Of Iran Nuclear Deal
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Genel Energy appoints Murat Ozgul as its new CEO as it says it is on track to produce an average of between 90,000 and 100,000 barrels of oil per day in 2015.
Source: Offshore
Genel Appoints New CEO, On Track to Deliver 90-100,000 BPD
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KS Drilling and Cosco Nantong agree to extend the delivery date for newbuild KS Orient Star 2 to April 2016.
Source: Offshore
KS Drilling, Cosco Agree to Delay Delivery of KS Orient Star 2 to 2016
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