Oil
Saudi Arabia and Kuwait agree to restore shared Oil Production in Neutral Zone

Kuwait and Saudi Arabia agree to stop the political dispute related to oil production from the fields of the Neutral Zone, which lasted for five years, and the agreements paved for the resumption of...

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GPIC wins The Gold Medal in France

28.11.2019 Gulf Petrochemical Industries Company (GPIC) wins a gold medal in the field of industrial excellence from the International Fertilizer Association (IFA) in November during the...

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Shell withdraw from onshore projects in Egypt

15.11.2019 Royal Dutch Shell has appointed Citibank to manage the $1 billion sale of oil and gas in Egypt’s Western Desert. Sources told Reuters the sale would officially begin at the end of...

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Increasing “Bahrainisation” operations in the Bahraini oil sector

24.11.2019 Bahrainis account for 80% of employees in companies run by the National Oil and Gas Authority (NOGA). Oil Minister Sheikh Mohammed bin Khalifa Al Khalifa confirms that Bapco’s...

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ExxonMobil Looks to Dump $25 Billion in Oil and Gas Assets

21.11.2019: ExxonMobil is working to increase its asset sale program significantly, and is expected to give up oil and gas assets in Asia, Europe and Africa, worth up to US $ 25 billion, in order to...

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Dr.. Sultan Al Jaber highlights UAE oil sector strategy at London conference

In a keynote speech at the 40th Annual Oil and Money Conference in London organized by Energy Intelligence in October 2019, Dr. Sultan Al Jaber, Minister of State and CEO of ADNOC group of companies,...

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OPEC Secretary: Saudis have proven to be a reliable source of oil supplies.

OPEC General Secretary Mohammed Barkindo said the Saudis have shown the world that they are a reliable source of oil supplies.   He also said that the rapid moves taken by Saudi Arabia to resume...

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Baker Hughes: Number of active oil rigs in America falls for the seventh week in a row.

US energy companies have cut the number of oil rigs in operation for a seventh consecutive week, as producers continue to implement plans to cut spending on new drilling this year, according to...

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Algeria’s oil and gas production down 1.3%

Algeria’s oil and natural gas production fell 1.3%, while refined products fell 4.9% in the first half of 2019 from the same period a year earlier, government sources said.   Algeria, one...

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OPEC decides to continue reducing production levels until December 2019

  The Organization of Petroleum Exporting Countries (OPEC) and its allies in Abu Dhabi agree on September 12, 2019 to maintain the current levels of reductions in oil production until next...

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