August 1, 2017

From Iran Front Page An Iranian MP says the country will no longer need to import natural gas from its northern neighbour Turkmenistan. As of next week, the Islamic Republic will no longer need to import natural gas from Turkmenistan, Iranian lawmaker Assadollah Qarehkhani said. According to a Farsi report by ICANA, a new pipeline is to become operational in northern

From the Houston Chronicle An old company with a new business model has now purchased land in West Texas and plans to build the first new Texas oil refinery in decades. MMEX Resources Corp., a company that used to explore and produce oil and gas, closed on Friday on 126 acres in Pecos County near Fort Stockton for construction of a

From the Australian Business Review BHP has made a significant change in strategy — it is prepared to sell its US shale oil and gas interests if the buyers are prepared to pay the right price. Six months ago, BHP, as a long term bull on the oil price, did not want to sell shale at current levels. But the