Halliburton to Assess New Bahraini Oil Field
Halliburton will drill two wells in 2018 to appraise how much of Bahrain's newly-discovered oil reserves in the Khaleej Al Bahrain Basin is obtainable.
News / International
OPEC Cuts Necessary for High Oil Prices: Qatar
Qater has affirmed the need to maintain current oil supply curbs over the long-term to ensure the market continues to stabilise and guarantee that prices fully recover from the 2014 crash.
New Bahrain Oilfield to Produce 200,000 b/d
Bahrain expects to produce 200,000 b/d from its newly-discovered oilfield, according to the head of the financial and economic committee in Bahrain's parliament, Abdulrahman Bu Ali,
Ras al-Khaimah Launches Petroleum Licensing Bids
UAE emirate Ras al-Khaimah (RAK) launched its first petroleum licensing round on April 2 for exploration and development contracts in seven areas.
Total, Cespa, Sonatrach Begin Algerian Gas Production
Total, Algerian state-owned Sonatrach, and Cespa have started production from the Timimoun natural gas project in Wilaya de Adrar in southwestern Algeria.
Russian Iran Hydrocarbon Investments May Exceed $50 B
Russian presidential aide Yuri Ushakov announced on April 2 that Russia could invest more than $50 billion in Iranian oil and gas fields.
Qatargas Signs Agreement for LNG with EGAT
Qatargas announced signing a memorandum of understanding (MoU) with the Electricity Generating Authority of Thailand (EGAT) for Liquid Natural Gas (LNG) cooperation.
Iraq to Raise Crude Oil Production to 6.5 mb/d
In accordance with the OPEC, non-OPEC agreement, spearheaded by Russia and agreed in early 2017 to cut supply and boost prices, Iraq is currently producing 4.4 million barrels per day (mb/d).
Oil Companies Eye Developing 11 Iraqi Oil, Gas Fields
Some 16 companies, including Exxon, Chevron, and Total, have expressed interest in 11 Iraqi oil and gas fields, the bidding for which takes place on April 15.
Asian Imports of Iranian Oil Hit Two-Month Low
China, India, Japan, and South Korea imported a total of 1.63 million barrels per day (mb/d) in February, the lowest levels since December and a 20% decline from February 2017.
