Exports from southern oilfields totalled 3.407mn bpd
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IOC’s flock to Egypt for oil exploration bids
Companies involved in the process include Royal Dutch Shell, BP, Apache Corp, and Apex International Energy with exploration contracts signed to date worth around $200mn
Oil rallies to best week in years after OPEC deal
After the deal was announced last week, the market focused on the implementation and impact of OPEC’s first output cuts since 2008, to be joined by Russia and possibly other non-OPEC producers
Saudi Arabia carries on drilling despite oil slump
The number of rigs operating in Saudi Arabia has climbed from 105 to 126 since 2014 at a time when the number of rigs drilling for oil and gas around the world has fallen 1,382 to just 920
Shell considering selling its Iraq oil assets
Shell is seeking to slim down its vast oil and gas portfolio following the $54bn acquisition of BG Group in February, which transformed it into the world’s top liquefied natural gas trader
Iran awards key oil deal to Schlumberger
According to the MoU, Schlumberger would be required to study the formations of Shadegan, Parsi and Rag-e Sefid oil fields in Khouzestan
Kuwait oil exports up by 28%, 65% to Japan, Taiwan
KPC’s solid ties with its clients in Tokyo have led to the surge in Kuwaiti oil exports in the past five years
Saudi Aramco to supply more oil to Asia in January
The decision by the world’s top exporter to give extra oil came weeks before Saudi Aramco was due to notify customers of their monthly supply allocation.
Restrata, Agility train Iraq’s oil and gas workers
The facility supports major oil fields, including Rumaila North/South, West Qurna, and Zubair, and serves as a secure transit hub to central Iraq.
Iran inks oil deals with 3 Russian companies
NOIC signs oil deals with Lukoil, Tatneft and Zarubezhneft