- Saudi Energy Minister Says OPEC+ Meeting’s Outcome a ‘Turning Point’
- Libya nears final stage of oil exploration bid round, NOC says
- UAE President Chairs ADNOC Board of Directors Meeting at Habshan Complex
- Trump sees $270 billion in agreements at U.S.-Saudi investment conference
- Eni plans $8 billion in new investments in Egypt over five years, CEO tells El-Sisi
- Al-Ghais: Oil Will Maintain 30% Share of Global Energy Mix Until 2050
- Kuwait Announces Discovery of New Offshore Natural Gas Field
- Algeria Appoints New Head of Sonatrach to Keep Pace with Energy Transformations
- The UAE Launches World’s Largest Combined Solar and Battery Storage Project
- QatarEnergy acquires new exploration interest offshore Egypt
News
Hopes on Libya rise after NOC reconciliation
The troubled North African state could increase its oil production in the months ahead, following an improved political outlook, but threats linger, writes Martin Clark. What: Prospects for a return...
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Norway Oil Investment Expected To Fall Again In 2017
Norway is one of the top oil producers in the world and among the top suppliers to Europe. Its oil production has risen slowly to touch 1.63 million barrels per day and it has 18 billion barrels of...
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Algerian Oil Fields Increase Flows
Algeria saw its crude production increase over the past couple of months at two of its major fields, the Hassi Messaoud and the Ourhoud. Production at Hassi Messaoud is currently sitting at 470,000...
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The World’s Biggest Energy Companies 2016
No. 1: Gazprom Privatized in 1993, Russia’s Gazprom Group is the largest publicly traded energy producer in the world with 8.38 million BOE/day of production. Helmed by CEO Alexey Miller, whom...
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Saudi Aramco to raise its share in world oil markets
According to Reuter’s sources, Saudi Aramco is gaining market share and pushing for greater efficiency, chief executive Amin Nasser said in an interview. Nasser told Reuters that the state-owned...
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ADNOC plans to cut 5,000 jobs by year end
The Abu Dhabi National Oil Co. (ADNOC) plans to cut 5,000 jobs by the end of the year, and 2,000 of the lay-offs have already been carried out, according to the Middle East news service MEED. ADNOC...
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Saudi Arabia names Khalid al-Falih energy minister to replace Naimi
Saudi Arabia, the world’s largest crude oil exporter, on Saturday appointed Khalid al-Falih, chairman of the state oil giant Saudi Aramco, as its new energy minister, replacing Ali al-Naimi,...
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Oil rises as IEA expects biggest non-OPEC output fall in 25 years
Crude prices rose on Thursday, reversing earlier declines, as the International Energy Agency (IEA) said that 2016 would see the biggest fall in non-OPEC production in a generation, helping rebalance...
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Oil prices rise to highest level in 5 months
Sentiments about an emerging balance in energy markets Friday helped add positive pressure to the continuing rebound in crude oil prices. Crude oil prices are at their highest levels in roughly 5...
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Russia easing control over oil companies
There may be buyers already in place to help privatize some of the largest oil companies in Russia, the country’s first deputy prime minister said. The Kremlin has been reviewing privatization...
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