Industry

DME sets new open interest record of 71.5 mmbbl of crude oil

DME 2Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, has reported a new exchange-wide open interest record of 71,586 lots on 31 July 2018, which is equivalent to almost 71.5 mmbbl of crude oil

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Oil reserves decreased 0.2 per cent in 2017: Eni

oil rig eni 30In 2017, oil reserves decreased slightly (-0.2 per cent) mainly due to reduction in some OPEC countries, according to Eni’s 17th edition of the ‘World Oil, Gas and Renewables Review,’ the annual statistics report on oil, natural gas and renewables sources

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DEEPS to explore Lebanon’s oil and gas potential

DEEPSA new specialised oil and gas services company, DEEPS, has opened an office in Lebanon, aiming to explore oil and gas potential in the region

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BP, Eni and Shell outperforms their peers, says Rystad Energy

Rystard EnergyShellA Rystad Energy review of the performance of their recent projects against those of other operators shows that the three European oil giants, BP, Eni and Shell have outperformed their competitors

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‘OPEC producers crucial to world’s crude supply through to 2040’

OPEC oil rig 16OPEC maintaining its role as a major oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in the years to 2030, said global natural resources consultancy firm Wood Mackenzie

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