Bringing output at Khafji and Wafra to the same levels reached before they were shut down will take more work
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Shell, Iran agree on oil and gas development
This agreement underscored major oil companies’ willingness to keep doing business with Iran despite all the risks
Chinese technology for digital oilfield
Alaa Elshimy, speaks to Oil & Gas Middle East during ADIPEC about the Chinese digital major’s work for the regional upstream sector, the company’s digitalisation portfolio and how it is helping customers reduce operational costs
Oil industry invests for ‘big’ returns
As a testimony to an energy sector spending heavily on IT, a survey has found that 80% of upstream oil and gas companies plan to increase spending on digital technologies in order to optimise operations
Iran aims for oil, gas fields tender after January
Opec’s third largest oil producer hopes its new Iran Petroleum Contracts (IPC), part of an effort to sweeten the terms it offers on oil development deals, will attract foreign companies and boost production after years of under-investment
Experts discuss strategies for a low oil price era
The oil industry shared the secrets of its crash-course diet at ADIPEC 2016, during a conference session entitled ‘Investment challenges in current market conditions’
Geopolitics to have greater sway over oil market
As markets undergo structural changes, now is the perfect time to try and win a more favourable position, which companies can only achieve via a strategic marketing approach, experts at Euro Petroleum Consultants say
KSA cuts oil price to Asia to keep market share
Saudi Aramco said it cut the price of Arab Light crude sales to Asia by $1.20 a barrel versus December to a discount of $0.75 a barrel to the Oman/Dubai average
Oil dips as OPEC joins Russia in increasing output
OPEC’s oil output set another record high in November, rising to 34.19mn barrels per day (bpd) in November from 33.82mn bpd in October
Saudi, Kuwait to restart Neutral Zone oilfields
The closure of the Neutral Zone’s fields, mainly Khafji and Wafra, has become a political sticking point between the two Gulf OPEC allies and senior officials have been trying to resolve the issue for months