News / International

Saudi Aramco to Invest $35B in Oil Exploration, Development

State-owned oil giant Saudi Arabian Oil Co., known as Saudi Aramco, plans to invest $35 billion over the next five years in crude oil exploration and development in a bid to keep its oil production portfolio robust, the firm's chief executive said.

Sudan seeks production boom

Sudan is looking to boost oil production to 180,000 barrels per day early next year as it looks to double output in two years, according to a report.

Dana Gas and Crescent Petroleum Kurdistan Production Reaches 80,000 barrels per day on 4th Anniversary

Dana Gas and Crescent Petroleum in their capacity as joint operator of the Khor Mor field, have announced that total production in their gas operations in the Kurdistan Region of Iraq has reached 80,000 barrels of oil equivalent per day at the 4th anniversary of production.

Yemen LNG gas pipeline blown up again

A gas pipeline feeding Yemen's only liquefied natural gas (LNG) export terminal was blown up again in the early hours of Tuesday morning, the operating company said.

Iranian crude sales fall

Iran's crude sales dived to just 800,000 barrels per day in July, due to Western sanctions, but are likely to have bounced back last month, according to a senior Iranian legislator.

PTTEP & Partners discover 2 oil fields in Algeria

Mr. Tevin Vongvanich, President and CEO of PTT Exploration and Production Public Company Limited or PTTEP disclosed that PTTEP with its Partners SONATRACH and CNOOC Limited has successfully discovered crude oil in the 4th and the 5th exploration wells in Hassi Bir Rekaiz project, Algeria.

BP’s Norway Ula Field Shut After Oil Leak Pending Investigation

BP Plc said its Ula oil field off Norway, shut down following an oil leak, won't start again until after an internal investigation has been completed.

Iraq to Pay Foreign Oil Companies in Kurdistan

The Iraqi central government has agreed to pay foreign companies working in Iraq's Kurdistan region 1 trillion Iraqi dinars ($850 million) for costs incurred to produce and export crude oil from the region as part of an agreement clinched with the Kurdistan Regional Government, or KRG, in northern Iraq Thursday, the KRG's ministry of natural resources said in a statement Friday.

Oman ‘offering six new oil blocks’

Oman has invited foreign explorers to bid on six oil blocks set to be awarded before the end of the year as the Middle Eastern state eyes a seven-figure daily oil output.

Statoil announces new oil discovery on Utsira High

Statoil has made an oil discovery in the Geitungen prospect on Utsira High in the North Sea together with partners Petoro, Det norske oljeselskap and Lundin.

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