ADNOC to invest US$25bn to increase offshore oil production
Abu Dhabi National Oil Company (ADNOC) plans to invest around US$25bn over the next five years in a bid to boost oil production from offshore fields
E&P
Eni reveals record production in Western Egypt
Eni has revealed record production levels at its development leases in Egypt’s Western Desert
OPEC records highest production levels since 2012
A survey by Platts has revealed OPEC’s oil production for March was the highest it has been since 2012
OPEC production is highest in four years after Middle East oil output increases
As Saudi Arabia, Iraq and Libya increased their oil output amid a stronger global demand for the commodity, OPEC production climbed the highest ever in almost four years, said the International Energy Agency (IEA)
‘Sustained low oil price could prompt large-scale M&A’
Wood MacKenzie report has announced that a sustained period of low oil prices could trigger large-scale mergers and acquisitions (M&A)
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