Iraq’s southern exports in the first 23 days of March averaged 3.35mn bpd, close to the record of 3.37mn bpd reached in November
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Russia outpaces Saudi in January oil production
Russia produced 10.46mn bpd; while Saudi output hit 10.09mn bpd
Saudi Aramco oilfield expansion nearing completion
Aramco has said it was expanding the Shaybah and Khurais oilfields to rebalance its crude quality and help compensate for other mature fields
Oman invests $11.4bn in oil and gas sector
Of the total expenditure, $8.2bn was for oil sector, while the remaining $3.2bn investment was for developing the natural gas fields
PDO exceeds 2015 oil and gas production target
The average PDO oil production for 2015 was 588,937 bpd, the highest since 2005 and almost 14,000 bpd above the planned target
UAE oil and gas turns focus to big data
More than half of senior oil and gas professionals in the UAE see solid or high potential for big data and analytics
Rex Oman ups stake in Masirah Oil to over 72%
Masirah Oil Ltd (MOL) has announced that its key shareholder Rex Oman Ltd has increased its stake in MOL from approximately 61.76% to 72.03%
Gulf Oil announces Manchester United agreement
Firm will become Manchester United’s first official global lubricant oil and fuel retail partner.
Oman’s crude oil production increases in February
The Sultanate exported 28.8mn barrels or 993,266 bpd in February, a growth of 12.7% over January 2016
OPEC sees lower 2016 demand for oil, higher output
OPEC now expects the global demand for its crude to average 31.52mn bpd in 2016, down 90,000 bpd from last month’s forecast