- The Arab Region’s LNG Pioneer Passes Away
- UAE left Opec to pump more as end of oil era looms, presidential adviser says
- QatarEnergy signs MoU for gas cooperation with Egypt in the Eastern Mediterranean
- Aramco Chief: Saudi Arabia seeks to increase its exports from the port of Yanbu on the Red Sea to 5 million barrels per day
- IMF, World Bank, others warn Middle East war is straining energy supplies
- UAE leaves OPEC in blow to global oil producers’ group
- Kuwait declares force majeure on oil shipments amid Hormuz blockade, Bloomberg News reports
- Libya signs preliminary agreement with Chevron to assess shale oil and gas resources
- Middle East conflict could cause 120 bcm of LNG supply loss from 2026-2030, IEA says
- Loss of energy output in MidEast will take about two years to recover, IEA says
News
Saudi Arabia ahead for $60/b oil prices in 2017
Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said. This is the level the OPEC heavyweight and its Gulf allies...
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UNDER THE PATRONAGE OF THE MINISTRY OF MUNICIPAL AND RURAL AFFAIRS (MOMRA), DAR AL RIYADH AND NISPANA JOINTLY ANNOUNCE THE FIRST SAUDI SMART CITIES CONFERENCE 2017
With the economic diversification plans in place, key government authorities across kingdom are emphasizing on providing the best quality of life for their citizens, which means seamless...
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Minister of Petroleum and DMG: Events Unfold Details of EGYPS 2017
His Excellency, Engineer Tarek El Molla, Egyptian Minister of Petroleum and Mineral Resources held a press conference in the lead up to Egypt Petroleum Show – EGYPS, which will take place between...
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Kuwait’s KPC committed to OPEC oil output cut
State-owned Kuwait Petroleum Corp (KPC) said this week it was committed to an oil output cut agreed by the Organization of Petroleum Exporting Countries at a meeting in Vienna in November,...
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Libya – Oil production to rise to 700 thousand barrels per day
After a blackout in power in areas of Libya caused a dip in the country’s oil production, flows rebounded allowing Libya to see production rates of 700,000 barrels per day. The blackout occurred...
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ENI Tells El Sisi “Zohr Gas Field” Flows By end 2017
During a recent meeting between ENI CEO Claudio Descalzi and Egyptian President Abdel el Sisi, the ENI CEO disclosed that his firm would have the massive Zohr natural gas field online by the end of...
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Better times ahead for UK offshore, report finds
There are signs for greater optimism on the UK continental shelf, according to Offshore staff quoting from consultant Wood Mackenzie. The British sector may experience a modest recovery in 2017 after...
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Good News: New upstream projects to double globally in 2017
Final investment decisions (FID) are expected to double globally in 2017 while exploration and production spending will increase for the first time since 2014, according OGJ and Wood Mackenzie...
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10 Countries that Are Running Out of Oil
1. Colombia Production (1,000 b/d): 1,005.6 Proven reserves (millions of barrels): 2,308 Years of production left at current level: 6 years 2015 import of crude oil (1,000 b/d): – 2015 import of...
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The SPE International Heavy Oil Conference & Exhibition opens under the patronage of HE Anas Al-Saleh, Deputy Prime Minister, Minister of Finance, and Acting Minister of Oil, KUWAIT
Kuwait City, Kuwait, 7 December 2016 – The third edition of the SPE Heavy Oil Conference and Exhibition taking place at the Hilton Kuwait Resort welcomed 781 delegates from 128 companies and 28...
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