Gazprom Neft, the oil-producing arm of Russian gas giant Gazprom, has announced that the Badra oilfield in Iraq had produced 1.8mn tonnes of oil since the start of 2019
Exploration & Production
Gazprom tops global growth ranking, says Rystad Energy
Russian giant Gazprom saw the highest production growth over the last five years, followed by shale gas players in the USA and China, while BP dominates among the majors, according to Rystad Energy
Petrogas renews EPSA with Oman for Block 5
International law firm CMS has advised Mazoon Petrogas SAOC (Petrogas), with the renewal of its exploration and production sharing agreement (EPSA) for the onshore Block 5 license in north-western Oman
Rystad Energy report shows oil demand growth at a decade low
Consultancy firm Rystad Energy said the outlook for short-term oil demand remains weak over global economic uncertainty and a fierce trade war between the US and China
Survey reveals US$70 per bbl oil price in sight after OPEC deal
The extension to March 2020 of an oil production cut deal by OPEC to remove of 1.2 mmbbl per day from the market will push Brent crude prices to US$70 per bbl, according to 66 per cent of those polled in GIQ’s monthly Energy Market Survey in July
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