oil production | Egypt Oil & Gas - Part 2
Kuwait declares force majeure as Strait of Hormuz disruptions persist
Kuwait Petroleum Corporation (KPC) has begun cutting crude oil production and declared force majeure amid ongoing disruptions to energy shipments through the Strait of Hormuz as the conflict between US and Iran enters...
OPEC+ Eight to Hike April Output by 1.65 mmbbl/d
Eight OPEC+ member countries have agreed to begin a phased unwinding of their voluntary oil production cuts starting in April 2026, citing a stable global economic outlook and robust market fundamentals, according to ...
Egypt Accelerates Horizontal Drilling to Boost Oil and Gas Output
The petroleum sector is fast-tracking the deployment of horizontal drilling and hydraulic fracturing technologies to unlock hard-to-reach oil and gas reserves and drive a significant increase in crude and natural gas ...
OPEC+ Signals Possible Oil Output Increase from April Amid Rising Demand
OPEC+ is inclined to resume gradual oil production increases starting in April, Reuters reported, according to three sources within the alliance, as the group positions itself ahead of stronger summer demand and firme...
OPEC+ Eight Maintain Pause on Output Increases
Eight OPEC+ member nations agreed to maintain their pause on planned oil production increases during a virtual meeting held on February 1. The group cited seasonal demand factors and ongoing market uncertainty as the ...
US Accelerates Expanding Chevron’s Venezuela Oil License
The United States is moving rapidly to grant Chevron an expanded license to boost its natural gas and oil production and exports from Venezuela, US Energy Secretary Chris Wright told Reuters on Friday. Under the propo... Analysts See Gradual Rise in Venezuelan Oil Output After US Action
Global energy analysts anticipate a gradual recovery in Venezuelan crude oil production following the US strike and capture of President Nicolas Maduro, a development poised to reshape global supply dynamics, accordin...
Iraq’s Nasiriyah, Gharraf Gas Fields Project Nears Operational Phase
Iraq’s Nasiriyah and Gharraf natural gas field investment project has entered an advanced implementation stage, with specialized equipment now fully delivered and on-site installation set to begin, according to ...
