Saudi Arabia’s domestic crude oil inventories jumped to a record above 300mn barrels in May this year, a rise that reflects the operational demands of the new Yasref refinery in Yanbu rather than a sign of a global supply glut, according to official reports
E&P
Saudi Arabia crude production hits 10.3mn bpd
Saudi Arabia’s crude production went up six per cent in Q2 2015, year-on-year (YoY), to 10.3mn bpd
IRG and Scotforth to carry out hydrocarbon survey onshore Tunisia
Independent Resources (IRG) has signed an exclusive agreement with Scotforth to undertake a remote sensing hydrocarbon survey of Ksar Hadada Permit in Tunisia
Kurdistan Region of Iraq field to hit 40,000 bpd until year end
Gulf Keystone has announced that the production at the Shaikan field in Kurdistan Region of Iraq will remain between 36,000 and 40,000 bpd until end-2015
Middle East and Africa witness rise in rig counts
Middle East and Africa are the only two regions that have seen a rise in exploration and production (E&P) activity last month, oil and gas services company Baker Hughes has announced
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