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GCC crude oil production in 2023 soars to 17mbpd, says reportGCC countries ranked first in global energy indicators and first in crude oil production, crude oil reserves, crude oil exports and natural gas reserves, according to data issued by the Statistical Centre for the Cooperation Council for the Ar More… |
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China still driving oil demand growth says Aramco CEOChina is still driving growth in global oil demand, the head of Saudi Aramco said, dismissing concerns about peaking consumption in the world’s biggest energy user. “We still see good demand coming More… |
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UAE meets 44.1 % of Japan's crude oil needs in FebruaryThe UAE secured 44.1%, namely 31.3 million barrels, of Japan's crude oil needs in February 2024, according to the Agency for Natural Resources and Energy in Tokyo, a report said. The agency, part of the Japanese Ministry of Economy, More… |
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Dubai's Dragon Oil starts crude production at Egypt’s Al Wasl fieldDragon Oil, wholly owned by the Dubai Government, has begun production of crude oil from the Al Wasl field (North Safa), which is the company’s first oil discovery in Egypt, Emirates News Agency, WAM, said in a report. More… |
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Crude oil to face a challenging first quarter: Saxo BankCrude oil will face a challenging first quarter, where Brent may spend most of the time trading below $80 before eventually recovering back towards the $90 area once the Covid cloud starts to lift in China and seasonal demand picks up. More… |
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Oman’s production of crude oil, condensates surges 10%Oman’s production of crude oil and condensates recorded a rise by 10% till the end of November 2022 to stand at 355.473 million barrels compared to 323.174 million barrels during the corresponding period in 2021. Separately, More… |
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Adnoc Drilling wins $3.4bn deals to drive offshore growthAbu Dhabi National Oil Company (Adnoc) said that two contracts totalling more than $3.4 billion (AED12.6 billion) have been awarded to Adnoc Drilling to hire eight jack-up offshore rigs. The contracts, valued at $1.5 billion (AED5 More… |
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Opec's crude oil reserves hit 1.23 trillion barrels in 2020Organisation of the Petroleum Exporting Countries (Opec) said the proven crude oil reserves in the bloc's member countries increased by 0.3 per cent to 1.237 trillion barrels at the end of 2020, following a firm increase its previous year. More… |
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Egypt completes 37 energy projects worth $27bn in 2 yearsEgypt has completed 37 development projects, in the petroleum and mineral wealth sector, at an investment of EGP431.3 billion ($27.4 billion) in the last two years, 18 of which in the financial year 2019-20, said a senior government official. More… |
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Egypt completes 37 energy projects worth $27bn in 2 yearsEgypt has completed 37 development projects, in the petroleum and mineral wealth sector, at an investment of EGP431.3 billion ($27.4 billion) in the last two years, 18 of which in the financial year 2019-20, said a senior government official. More… |
