Saudi Crude Oil Production Falls 0.7 MM b/d
Saudi Arabia's total crude oil output dropped by 0.660 million barrels per day (b/d) in September to 9.129 million b/d.
News / International
Oman Inaugurates First Manufacturing Plant
Omani oilfield services firm Gulf Energy SAOC inaugurated its first manufacturing facility for cementing casing accessories in the Sultanate, supporting operations in Petroleum Development Oman (PDO).
Kuwait’s Burgan Drilling’s Profit Drops by 84.6% YoY
Kuwait’s Burgan Company for Well Drilling, Trading, and Maintenance has reported an 84.6% year-on-year (YoY) profit decline during Q2 of fiscal year (FY) 2019/20.
ADNOC Expands Its Fleet
ADNOC acquired four new cutting-edge land rigs with a total value of over Dh 350 million, which will be added to the fleet in Q1 2020. ADNOC Drilling plans to acquire dozens of additional land, offshore, and island rigs by 2025.
Iraq Achieves Hydrocarbons Discovery
The Baeshiqa-2 exploration well in Iraq’s Kurdistan region has achieved a hydrocarbons discovery.
Lebanon to Launch Gasoline Tender
The Ministry of Energy and Water in Lebanon will launch a tender for gasoline in December, according to the Minister of Energy Nada Boustani.
Algeria Approves New Energy Law
Algeria's house of parliament passed a new energy law to make its oil and gas investment more attractive to international oil companies (IOCs).
Aramco’s IPO Kicks Off Today
Saudi Aramco will start taking bids from local and foreign investors Sunday, November 17, with a preliminary valuation between $1.6 trillion and $1.71 trillion.
Jaheziya Pens 10-Year MoA with ADNOC, FOIZ
Jaheziya, a leading regional training provider for safety and disaster management, has signed a ten-year memorandum of agreement (MoA) with Abu Dhabi National Oil Company (ADNOC) and Fujairah Oil Industry Zone (FOIZ).
OPEC: Oil, Gas to Supply Global Energy Demand in 2040
OPEC's Secretary-General, Mohammad Sanusi Barkindo, said that oil and gas will continue to play a central role in achieving sustainable economic development and reducing energy poverty.
