Libya’s Abu Attifel Field Restarted Operations
Libya's Abu Attifel oil field has resumed operations after pausing for two weeks.
News / International
Energean to Buy 45% Stake in Gaza Marine Field
Energean is ready to purchase a 45% stake in the offshore Gaza Marine gas field, pending approval by Palestinian and Israeli authorities.
Oil Fields in Kuwait, Saudi Arabia Neutral Zone to Restart Production in 2019
The Khafji and Hout oil fields in the neutral zone jointly operated Kuwait and Saudi Arabia will resume production in 2019.
WTI Reaches $75 for First Time Since 2014
West Texas Intermediate (WTI) crude reached $75 a barrel on July 3, but quickly dropped to settle at just 0.3% higher, after the American Petroleum Institute (API) announced that US crude inventories fell by 4.51 million barrels last week.
ADNOC: We Have Several Hundred Thousand b/d in Spare Capacity
Abu Dhabi National Oil Company (ADNOC) revealed on July 3 that it has the ability to increase oil production by several hundred thousand barrels per day (b/d).
Algeria Raises Output from Alrar Gas Field
Output at the Algerian Alrar gas field near the Libyan border has risen from 16 million cubic meters per day (cm/d) to 24.7 cm/d - a 54.4% increase - after the field was extended.
Libya Declares Force Majeure on Supplies, Oil Rises
Libya has declared a force majeure on significant ammounts of its supply, pushing oil prices to highs not seen since 2014.
South Korean KEPCO Shortlisted for Saudi Nuclear Tender
State-run Korean Electric Power Corp (KEPCO) is among companies shortlisted to bid for a nuclear project in Saudi Arabia.
Iran Prepares to Allow Private Companies to Export Oil
Iran is looking towards private companies to export its oil as part of its strategy to counter US sanctions, state media and officials announced on July 1.
Kuwait Raises Output by 85,000 bpd
Kuwait started raising its oil output by 85,000 barrels per day (b/d) from July 1, in accordance with the recent agreement between OPEC and non-OPEC producers to increase production by 1 million b/d.
