Oil supply from the Organisation of Oil Producing Countries (OPEC) in May 2015 has risen to its highest level in more than two years, with record-level outputs from Saudi Arabia and Iraq and increased exports from Angola
Exploration & Production
Questerre Energy Corporation to develop Jordan’s oil shale acreage
Canada’s Questerre Energy Corporation has signed an MoU with Jordan’s Ministry of Energy and Mineral Resources for the appraisal and development of oil shale acreage in the country
ADNOC's oil output to reach 3.5mn barrels per day by 2017
Abu Dhabi National Oil Company (ADNOC) is on target to reach an oil production capacity of 3.5mn bpd by 2017, with plans to expand its gas production and refining capacity to 920,000 bpd
‘Unconventional techniques can help unlock 141bn barrels’
As much as 141bn barrels of incremental hydrocarbon resources could be unlocked if drilling and completion techniques refined in USA shale plays are applied to conventional, low-productivity oil plays to other countries, according to new analysis
South Korean energy company gets stake in ADNOC concession
UAE’s Abu Dhabi National Oil Company (ADNOC) has signed a 40-year deal with South Korea’s GS Energy for selling a three per cent stake in an onshore oil concession to develop its biggest oilfields
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