Saturday 17 November 2018
 
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oil production

Gulf Keystone in deal to increase Shaikan output

Gulf Keystone Petroleum, an oil and gas exploration and production company, said that it has reached an agreement with Kurdistan region of Iraq and Hungary’s MOL to increase gross production capacity the Shaikan Field to 55,000 barrels of

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Opec, non-Opec pledge supply boost

Opec and non-Opec members said they would raise supply by returning to 100 per cent compliance with previously agreed output cuts, after months of underproduction, a media report said. This came in a statement issued at the end of

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Opec to boost oil output after Saudis clinch deal with Iran

Organization of Petroleum Exporting Countries (Opec) and allies including Russia will boost oil production starting next month, offering relief to consumers after Saudi Arabia secured a last-minute deal to overcome Iran’s opposition, sai

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Big oil production growing ‘despite capex cuts’

Despite cutting capital expenditure aggressively since 2014, concerns that the big oil companies would suffer from underinvesting have proved unfounded, said S&P Global Ratings in a new report. At some companies, proved report

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Mideast to remain largest oil exporting region: study

By 2040, the Middle East will remain a large net energy exporter and the world’s largest oil exporting region, but it will lose share as an LNG exporter, according to the 2018 BP Energy Outlook.  “The Middle East

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Oil prices to average $50-$70 till 2023: BofAML

Brent crude oil prices are expected to average $50 to $70 per barrel (/bbl) in a medium-term horizon to 2023, said the Bank of America Merrill Lynch (BofAML) in its latest Global Energy Paper.  This forecast range co

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Oil prices to average $50-$70 till 2023: BofAML

Brent crude oil prices are expected to average $50 to $70 per barrel (/bbl) in a medium-term horizon to 2023, said the Bank of America Merrill Lynch (BofAML) in its latest Global Energy Paper.  This forecast range co

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Russia ready to extend Opec deal, says minister

The international deal between Opec and other countries to cut oil output could be extended beyond March 2018 if needed, said a report citing Russian Energy Minister Alexander Novak. Novak's comments came after his meeting wit

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UAE to cut oil production by 139,000 bpd in November

The Abu Dhabi National Oil Company (Adnoc) will lower its production of oil in November, reflecting the country’s commitment to reduce its share of production by 139,000 barrels per day, which was decided by the Organisation of the Petrole

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Kuwait to maintain oil output rate till March

Kuwait will continue to implement the current oil production rate until March of 2018, Emirates news agency Wam reported, citing Kuwait News Agency. The Joint Opec-Non-Opec Ministerial Monitoring Committee (JMMC)

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