The Saudi-Kuwaiti five-year dispute over the Neutral Zone has finally come to an end, according to Reuters. The agreement between the two counties was signed on December 24, 2019. This agreement stipulates that the oi...
Khaled Al Fadhel, Kuwait’s Minster of Oil, expressed his hopes to resolve the Kuwait-Saudi Arabia Neutral Zone issue by the end of 2019, according to Reuters. Oil production in the Khafji and Wafra jointly-run oilfiel...
Rockhopper Exploration plc is currently producing 340 barrels per day (b/d) of oil from its existing ASH-1ST2 well at Abu Sennan concession, the company said in a statement. According to the statement, the well was co...
The Libyan National Army (LNA) announced on Wednesday that it had restored Libya’s 70,000-barrel-per-day (b/d) El Feel Oil Field from armed groups of the Government of National Accord (GNA), Reuters reported. Co...
Dana Gas’s average production during the first nine months of 2019 increased by 8% to 67,100 barrels of oil equivalent per day (boe/d), driven mainly by a 23% increase in production in the Kurdistan Region of Iraq to ...
Libya is generating 1.25 million barrels per day (b/d) of oil and plans to increase production to 1.5 million b/d in 2020, the head of the state National Oil Corporation (NOC), Mustafa Sanalla, said, Zawya reported. A...
Kuwait’s Burgan Company for Well Drilling, Trading, and Maintenance has reported an 84.6% year-on-year (YoY) profit decline during Q2 of fiscal year (FY) 2019/20, according to Zawya. The company’s profit declined to K...
The International Monetary Fund (IMF) has declared Iraq’s oil production and oil fields unaffected from the nationwide protests, according to the National. “We are concerned with the violence and loss of l...
Saudi Arabia’s oil production dropped by 660,000 barrels per day (b/d) in September, compared with August, reaching around 9.13 million b/d after an attack on its energy installation, Reuters reported. The oil product...
The Ministry of Petroleum and Mineral Resources invested EGP 1 trillion in the oil and gas production projects, including $32.6 billion for the operating projects, $12.7 billion for the projects under establishment an...