Oil
Turkey discovers a large gas field in the waters of the Black Sea

8/21/2020 Turkey has greatly expanded its energy exploration operations in the Black Sea and in the disputed areas in the eastern Mediterranean waters. Turkey is keen to find large energy reserves to...

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Venezuelan oil production is falling to 300 thousand barrels per day

Monday 17 August 2020 Crude oil production in Venezuela is declining rapidly and is currently around 300,000 barrels per day. However, global markets have not been affected by the loss of...

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TGS begins the most accurate geophysical survey in the Egyptian territory

Monday, August 17, 2020 TGS announced that it has commenced its first-ever regional airborne Enhanced Full Tensor Gravity Gradiometry (eFTG) multi-client survey – together with magnetic and Lidar...

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Omani oil production fell to 671 thousand barrels per day for July2020

The monthly report of the Omani Ministry of Oil and Gas stated that the Sultanate’s average daily production of crude oil during July 2020 declined to about 671 thousand barrels per day. crude oil...

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The Saudi Aramco president is optimistic about an increase in oil demand in the second half of 2020

The CEO of Saudi Aramco expressed his optimism about the increasing global demand for oil. Amin Al-Nasser told reporters through a video conference that the global demand for crude oil is currently...

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Kuwait stops hiring non-Kuwaitis in the oil sector during 2020 and 2021

The oil sector is following the government’s footsteps in addressing the current economic crisis and the problem of increasing the number of expatriates in Kuwait. The Kuwaiti Prime Minister...

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large-scale Iranian military maneuvers in the Strait of Hormuz, in a clear warning sign to those threatening its control over the strait

A few days ago, the Iranian Revolutionary Guard Corps carried out “large-scale” military maneuvers and exercises off the Strait of Hormuz, in which the naval and air forces participated....

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OPEC+ Group is preparing to pump more oil in short term

When global demand for oil decreased last spring, the OPEC + coalition which includes 23 countries led by Saudi Arabia and Russia, managed to control the market and prevent prices from continuing to...

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Libya NOC Calls for Demilitarization of Oil Installations

The “National Oil Corporation” in Libya appealed to all the conflicting parties calling on them to “demilitarize the oil facilities” so that their workers can carry out their...

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23rd World Petroleum Congress in HOUSTON

The 23rd Petroleum conference will be held in Houston, Texas, in the United States of America from 6 to 10 December 2020. About 10,000 participants will attend, including about 50 ministers and 500...

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