NOC Production Reach 91,221 bbl/d
National Oil Corporation (NOC) has announced that production as of 17th March has plateaued at 91,221 barrels per day.
News / International
SDX Energy Confirms Gas Reservoir in LMS-2 Well in Morocco
SDX Energy PLC has encountered a net gas reservoir on prognosis in its LMS-2 well in Morocco.
Crude Oil Reaches the Lowest Level Since 2003
Crude oil prices plunged under $25 a barrel for the first time since 2003 in London and dropped 2 in New York after the announcement of Saudi Arabia to keep record high production over the coming months.
GRT to Invest in Oil, Gas Infrastructure in MENA Region
Australian headquartered infrastructure company GRT is to further its international capabilities by establishing a joint venture in the MENA region.
Saudi Arabia to Increase Oil Exports to 10 Million Barrels a Day
Saudi Arabia has plans to further hike oil exports from April to May, culminating in a record 10 million barrels per day (bpd) as Saudi plans to tap a new field.
GP Global Launches New Operation in Jebel Ali Port
GP Global announced that it is to operate two bunker barges out of UAE’s port Jebel AIi, the largest port in the Middle East.
UAE’s ADNOC to Invest $30 billion to Boost Production to 5 Million b/d
ADNOC has announced plans to invest $30 billion on oil fields to accelerate production up to 5 million b/d.
Oman’s Crude Oil Production Falls by 3.4% in 2019
Oil production in Oman took a 3.4% hit in the year of 2019.
Saudi Arabia to Charter 19 Supertankers to Boost Oil Exports This Week
Bahri, Saudi Arabia’s national shipping firm, has provisioned 19 supertankers this week in order to export a record 12.3 million barrels per day (bpd) throughout the month of April.
Saudi Arabia Floods Market with OilÂ
Saudi state oil company Aramco has told buyers it would supply all requested additional volumes in April.
