Exploration & Production

‘Saudi Aramco restores production capacity, expects stabilisation of global supply’

Abha bulk plantSaudi President and CEO Amin Nasser said that the company’s production capacity, which had been suspended earlier due to terrorist attacks on its Abqaiq and Khurais plants, would be fully restored by the end of September

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Drone attacks on Saudi Aramco oil facilities cut oil production by 5.7 mmbbl per day

Abha bulk plantThe recent drone attacks on two Saudi Aramco oil facilities have affected the production of 5.7 mmbbl of crude oil per day, Saudi Aramco said in a statement

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ADNOC CEO says US$11 trillion investment needed to meet future demands

PR Default ThumbnailSultan Ahmed Al Jaber, UAE Minister of State and Group CEO of Abu Dhabi National Oil Company (ADNOC), said that an investment of US$11 trillion in oil was needed to meet the projected demand

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OPEC needs deeper output cuts to hold brent above US$60 per bbl, says GIQ Survey

18853941496 ee43ae263b zOPEC will need to make deeper supply cuts to keep oil prices above US$60 per bbl, according to 69 per cent of those surveyed in the Gulf Intelligence (GIQ) monthly Energy Market Survey in August

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Eni’s zohr gas production reaches 2.7 bcfd

eni orme 22The production from Zohr field has reached more than 2.7 bcfd, about five months ahead of the plan of development (PoD), oil and gas company Eni said

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