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Dana Gas hits 70,000bpd record production in NovemberUAE-based Dana Gas, the largest regional private sector natural gas company in the Middle East region, has announces that its group production reached 70,000 barrels per day (bpd) last month following the successful drilling programme in Egypt a More… |
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Dana Gas hits 70,000bpd record production in NovemberUAE-based Dana Gas, the largest regional private sector natural gas company in the Middle East region, has announces that its group production reached 70,000 barrels per day (bpd) last month following the successful drilling programme in Egypt a More… |
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Opec, allies reach deal to cut oil production by 1.2m bpdThe Organization of the Petroleum Exporting Countries (Opec) along with Russia and its allies, including a stubborn holdout Iran, has r0eached a last minute deal on a larger-than-expected production cut, in a move that could mop up a bur More… |
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Gulf Keystone in deal to increase Shaikan outputGulf 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 More… |
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Opec, non-Opec pledge supply boostOpec 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 More… |
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Opec to boost oil output after Saudis clinch deal with IranOrganization 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 More… |
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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 More… |
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Mideast to remain largest oil exporting region: studyBy 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 More… |
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Oil prices to average $50-$70 till 2023: BofAMLBrent 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 More… |
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Oil prices to average $50-$70 till 2023: BofAMLBrent 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 More… |
