Kuwait produced 1.971 million barrels of crude oil daily in July, Reuters has reported, citing unnamed sources. That was up from 1.65 million barrels daily in June, the report noted, which in turn was up from just 580,000 barrels daily in May.
Abu Dhabi National Oil Co., the UAE’s state oil company, said it would change how it prices its crude oil grades, months after wild swings in the benchmark it has been using to underpin its sales.
Oil prices fell sharply in early Asian trade on Monday after President Trump called off another round of military strikes on Iran, raising hopes that a diplomatic route to reopening the Strait of Hormuz and averting a broader regional conflict could be found.
Ghana’s Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, said he had prepared a roadmap to expand the Tema Oil Refinery’s (TOR) processing capacity to 100,000 barrels per day, following a directive from President John Dramani Mahama.
Saudi Arabia’s biggest oil export terminal is finally stirring back to life, and that’s a much bigger deal than another headline about the Strait of Hormuz reopening.
Kazakhstan’s giant Karachaganak oil and gas field cut crude production by more than a quarter after a drone attack forced the shutdown of a processing plant in Russia that handles its gas.
Vår Energi has taken final investment decision (FID) on the Gjøa Subsea Projects and, together with its partners, submitted the Plan for Development and Operations (PDO) for the Ofelia and Gjøa Nord developments to Norway’s Ministry of Energy.
Iraq stepped up its push for bigger OPEC production quotas as it seeks to recoup oil sales that were lost because of the Iran war, even raising the prospect that it could consider an exit in the future.
Equinor and its partners have submitted a proposed environmental impact assessment (EIA) program for the Wisting development in the Barents Sea, marking another step toward a potential final investment decision on Norway’s largest undeveloped oil discovery.
ONGC has expanded its technical services partnership with bp by awarding the company a new contract to support production optimization across India’s Western Offshore basin, the country’s largest producing offshore region.