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
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
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
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
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
