Kuwait intends to expand production by nearly 200,000 barrels per day
oil and gas news
Posted inNews, People
Kuwait appoints new oil minister
Kuwait formed a new cabinet on Sunday and appointed Saad Al Barrak as oil minister to replace Bader Al-Mulla, Reuters reported. Sheikh Ahmad Nawaf Al-Ahmad Al-Sabah, who was re-appointed as prime minister last week, formed the new cabinet announced in a decree carried by the state news agency KUNA. The Gulf Arab state also reappointed […]
Posted inNews
Saudi Aramco to supply full oil volumes to Asian refiners
Saudi Aramco has told at least five customers in North Asia they will receive full nominated volumes of crude oil in July, Reuters reported, citing several sources with knowledge of the matter said on Monday, after it pledged to cut production next month. Saudi Arabia, the world’s top oil exporter, vowed to reduce its production […]
Posted inNews
Iraq says TotalEnergies to begin $27 billion project in second half of 2023
Iraq expects TotalEnergies to begin operations on a long-delayed $27 billion oil, gas, and renewables project in the second half of 2023 after finalising side-contracts with a state oil company, Reuters reported, citing Iraq’s deputy oil minister. Basim Mohammed, Iraqi deputy oil minister for upstream affairs, said TotalEnergies and the Basra Oil Co “are now […]
Posted inNews
Italian oil major Eni faces lawsuit for ‘lobbying and greenwashing’
Eni is facing a climate lawsuit with environmental groups alleging the company used “lobbying and greenwashing” to push for more fossil fuels despite having knowledge of its risks since 1970. The environmental group Greenpeace Italy and fellow green campaigner ReCommon filed the suit along with 12 citizens from areas of Italy severely affected by extreme […]
Posted inNews
Top 5 oil and gas contracts in the Middle East: April 2023
In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region
Posted inNews
Middle East eyes $120 billion spend to increase gas production
The Middle East is set to spend as much as $120 billion to increase gas production by 14 billion standard cubic feet a day (bcfd) to 86 bcfd by 2030, according to a new report by Wood Mackenzie. The report ‘The Middle East steps on the gas’ shows gas supply growth in the Middle East […]
Posted inExploration & Production
Iran producing over 3 million barrels of oil per day: Minister
Iran’s oil production has surpassed 3 million barrels per day, Reuters reported, citing Iran’s Oil Minister. “Over the last 20 months, Iran’s oil production has reached levels above 3 million barrels per day and natural gas output has reached more than 1 billion cubic meters,” Javad Owji said. Iran pumped 2.4 million barrels per day […]
Posted inNews
ADNOC, TotalEnergies sign $1.2 billion strategic agreement
ADNOC’s gas unit has announced a three-year supply agreement with French multi-energy company TotalEnergies Gas and Power Ltd, a subsidiary of TotalEnergies for the export of LNG. The value of the agreement is between $1 billion to $1.2 billion under current market conditions, ADNOC said in a press release. Under the terms of the agreement, […]
Posted inNews
L&T secures major oil and gas contracts in Saudi Arabia
The hydrocarbon unit of Indian EPC contractor Larsen & Toubro (L&T) has recently secured multiple offshore packages from Saudi Aramco. The contracts includes work on the further development of Aramco’s giant Zuluf oilfield with a project scope that involves both new infrastructure and the upgrading of multiple production deck modules, sources said. The scope of […]
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