According to a report from Tehran Times, the former Iraqi Oil Minister, Thamir Ghadhban, told the press that Iraq plans to build a new offshore oil terminal in Basra, in addition to reviving the existing facilities.
(Source: Tehran Times)
Reuters - Brazil's state-run oil company, Petroleo Brasileiro SA, said on Friday that it had discovered new, good-quality oil deposits in the so-called sub-salt region.
Reuters - Britain's biggest oilfield Buzzard will undergo 25 days of planned maintenance starting in late July, its operator Nexen confirmed on Friday.
By Henning Gloystein, Reuters
Ukrainian plans for expanding Black Sea natural gas output have been thrown into doubt by Russia's seizure of Crimea, a region