Qatar Petroleum Acquires 35% Stake in Eni’s Mexican Offshore Oil Fields
Qatar Petroleum has signed a deal with Eni to acquire a 35% stake in three of the Italian company's Mexican offshore oilfields.
Qatar Petroleum has signed a deal with Eni to acquire a 35% stake in three of the Italian company's Mexican offshore oilfields.
The oil production from Halfaya oilfield in Iraq has increased by 100,000 barrels per day (b/d) and the total production has reached 370,000 b/d.
The Abu Dhabi Oil Company (ADNOC) has revealed plans to boost its production capacity to 5 million barrels per day (b/d) by the end of 2030.
Iraq has completed repairs at the Ajil oil field which was torched by Islamic State militants in 2015, the country's oil minister said on October 9.
The Syrian Petroleum Company lost around 252 million barrels of oil in the first half of 2018 due to delays, production failures and theft.
Austrian OMV has started oil production from the SARB and Umm Lulu fields off the coast of Abu Dhabi, and expects to produce 25,800 barrels per day (b/d) before the end of 2018.
A meeting between allied OPEC and non-OPEC oil producers to be held on September 23 will likely not result in any further increase in crude oil production beyond what was agreed in June.
Oman produced 30.21 million barrels of crude oil and condensate in August, averaging 974,500 barrels per day (b/d).
Iraq oil minister Jabar al-Luaibi stated that Iraq plans to raise oil production to more than 7.5 million barrels per day (b/d) by 2023-2024.
Oil Production in the Saudi-Kuwait neutral zone has stopped until an agreement is reached between the two sides, Kuwaiti oil minister Bakeet al-Rashidi stated on June 26.