Hitting a total of $21.7 billion in Q1 2021, Saudi Aramco recorded a 30% net income increase year-on-year (YoY) compared to Q1 2020 when the company witnessed net income of $16.7 billion.

The Russian Novatek’s hydrocarbon production has increased by 3.1% to 608.2 million barrels of oil equivalent during 2020, compared to 589.9 million barrels of oil equivalent.

Masirah Oil Limited (MOL) announced the successful drilling of an appraisal well in the Yumna oil field off Masirah Island in Block 50, offshore Oman's eastern seaboard.