Original target of the output cuts led by Saudi Arabia and Russia has now been met amid talk of raising production in near future.
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RDIF, Mubadala, Gazprom announce joint venture to develop Siberian oil fields
RDIF and Mubadala Petroleum will acquire a 49% equity stake in Gazpromneft-Vostok, the operator of the fields. Mubadala Petroleum will hold a 44% interest and RDIF will hold the remaining 5% interest.
Tendering process for oil and gas concessions in Ras Al Khaimah receives strong global interest
Launched on 1 April 2018 to attract regional and international companies aiming to expand their portfolios in the UAE, the 2018 RAK Licensing Round is proving to be popular.
Honeywell opens new centre in Kuwait to demonstrate oil and gas technologies
New centre highlights how technologies can drive more safety, reliability, efficiency and profitability across Kuwait’s energy sector.
Two million barrels of ADNOC crude oil delivered to ISPRL facility in India
The cargo, which was loaded in Abu Dhabi at an event witnessed by Dr Sultan Ahmed Al Jaber, UAE minister of state and ADNOC Group CEO, and Dharmendra Pradhan, Indian minister for petroleum and natural gas, arrived in Mangalore following a 6-day voyage.
First crude oil cargo from ADNOC departs for Mangalore oil reserve in India
Access to part of the reserve for commercial purposes will allow ADNOC to tap fast growing demand for high quality crude from Indian oil refineries.
Oil prices spike following President Trump’s Iran deal pull-out
US President Donald Trump’s highly anticipated decision to re-instate sanctions on Iran impacts global oil prices.
Pakistan to drill 90 new wells in hunt for further oil and gas reserves
Country aims to become self-sufficient in energy supplies and has found more than 100 new discoveries in past four years.
Emerson study: $7bn profit potential for unconventional oil & gas operators reaching top quartile
In a ‘lower-for-longer’ oil price environment, many companies are turning to IIoT technologies and the promise of digital transformation to help embed expertise in work processes, improve production and begin the path to operational excellence.
UAE’s Crescent leads Iraqi oil and gas auction success
Iraqi bidding round concludes with UAE based private operator doing the most business alongside interest from China.