OPEC has announced that it will maintain current oil output at a meeting last week, rather than cut production to lift sagging crude prices
OPEC to maintain current oil output despite price slump
Exploration & Production
SacOil begins drilling onshore Egyptian oilfield
SacOil, through its subsidiary Mena International Petroleum Company, has commenced the drilling of Lagia 11 well at its Lagia oilfield in Sinai onshore Egypt
UAE to increase production by 30 per cent in five years
Using enhanced oil recovery (EOR) techniques, the UAE plans to expand its production 30 per cent by 2020, according to latest Energy Information Administration (EIA) report
Fluor to provide EPC packages for Al-Zour refinery
Fluor Corporation’s joint venture team has been chosen by Kuwait National Petroleum Company (KNPC) as the preferred bidder for two engineering, procurement and construction (EPC) packages for the Al-Zour refinery
OPEC oil demand to rise higher than expected in 2016
OPEC’s monthly report has stated that likely demand for its oil next year would be much higher than expected
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