Aramco Awards $18 billion Contracts to Raise Oilfields Production
Saudi Aramco has awarded 34 contracts with a total value of $18 billion for the engineering, procurement, and construction of the Marjan and Berri increment programs.
production | Egypt Oil & Gas - Part 45
Saudi Oil Output Rises 1.16% in June
Saudi Arabia, the world’s top oil exporter, produced 9.782 million barrels per day (b/d) in June up from 9.67 million b/d in May.
Iran Hopes to Raise Oil Exports
Iran is hoping for an improvement in crude oil exports despite further sanctions imposed by the US.
Iran, Turkmenistan Produce 63 mcm/d from Gonbadli Field
Production in the joint field has a massive role in ensuring natural gas supplies to Iran.
PIEP to Increase Output From Algerian Fields by 10%
Indonesia's PT Pertamina Internasional EP (PIEP) aims at achieving a 10% growth in production from its oil and natural gas production fields in Algeria in 2019 and 2020.
OPEC Production Hits 5-Year Low
OPEC produced 29.6 million per day (b/d) in June, down by 170,000 b/d compared with May.
Egypt Records First Hydrocarbon Trade Surplus in 5 Years: CBE
Petroleum exports amounted to $3.2 billion while imports stood at $2.4 billion during Q4 2018.
Egypt Announces New Oil Discovery in Sinai
Petrobel plans to drill 10 developmental wells with a crude oil production rate of around 3,000 barrels per day (b/d).
Saudi Arabia, Kuwait Near Restoring Production in Neutral Zone
The two countries reportedly made significant progress in negotiations for the zone that could increase their oil production by 500,000 barrels per day (b/d).
Oil, Gas Production Reaches 6.8 MM Tons
The total production of oil and natural gas reached 6.8 million tons during April 2019, compared to 6.1 million tons during the same month in 2018.
