Egypt has signed three offshore oil and gas exploration and production deals worth a total of at least US$220mn with France’s Total, Britain’s BP, and Italian oil major ENI’s Egyptian subsidiary IEOC, according to the Oil Ministry
Abu Dhabi National Oil Company (ADNOC) has revealed that it would cut crude supplies by up to five per cent across its three export grades to meet commitments under an OPEC deal to curb production
Middle East oil exports are lower than they were 40 years ago due to increased internal consumption, and a slowing of production may affect the sector further than first thought
As OPEC countries are to meet with non-OPEC countries in order to discuss a production output cut in order to bring the oil price back above the US$55 per barrel mark
King Salman bin Abulaziz Al Saud of KSA announced five mega oil and gas projects, in line with Saudis development plans, outlined by Vision 2030
