Abu Dhabi’s Supreme Petroleum Council (SPC) approved the launch of a new pricing mechanism for the Abu Dhabi National Oil Company's (ADNOC) onshore crude oil and Murban. Furthermore, it announced an increase in oil and natural gas reserves, as well as new discoveries in Abu Dhabi.
Qatar’s production capacity of condensates is projected to increase to 800,000-900,000 barrels per day (b/d), up from 700,000 b/d after 2024.
Shell Oman Marketing Company and Al Tasnim Group inked a strategic agreement for selling and supplying petroleum products.
Saudi Aramco posted a net income of $68 billion during the nine-month period ending on September 30.
The United Arab Emirates (UAE) is committed to the full implementation of the oil production cut agreement with the Organization of the Petroleum Exporting Countries (OPEC).
The Capital Market Authority (CMA) of Saudi Arabia permitted Saudi Aramco to launch its initial public offering (IPO) on November 3, creating the most valuable listed firm worldwide.
ADNOC Distribution, the UAE’s largest fuel and convenience retailer, reported an increase of 2.3% year-on-year (YoY) in net profit during the first nine months of 2019, to stand at AED 1.72 billion.
Tethys Oil AB will acquire a 20% interest in the exploration and production (E&P) license in Biyaq Oil Field Services covering Block 56 in onshore Oman.
The International Monetary Fund (IMF) has declared Iraq's oil production and oil fields unaffected by the nationwide protests.
Saudi Aramco has signed several agreements at the Future Investment Initiative conference in Riyadh.
