Production News for Middle East


Results 50 articles shown

OPEC Expected to Cut Oil Output
Wednesday, November 28, 2018 OPEC and its allies will announce production cuts to check a slump in oil prices when they meet next week, according to a Bloomberg survey.

Saudi Responds to Trump with Record Output
Monday, November 26, 2018 Saudi Arabia is pumping more crude than at any time since its first barrel was extracted 80 years ago, responding to pressure from US President Trump.

OPEC+ Said to Weigh Bigger Production Cut
Thursday, November 15, 2018 OPEC+ is considering cutting oil output by more than the 1 million barrels a day Saudi Arabia proposed earlier this week, according to people familiar with the matter.

NOPEC to Take Gloves Off, Production Cuts In 2019?
Wednesday, November 14, 2018 OPEC, in cooperation with Russia, are currently discussing the option to put another production cut in place.

ADNOC Invests $1.4B in Bu Hasa Field
Wednesday, November 14, 2018 ADNOC announces a $1.4 billion investment to upgrade and expand its Bu Hasa field.

Saudis See Need for Producers to Cut 1MM Barrels
Monday, November 12, 2018 Saudi Arabia expresses the need for oil producers to cut 1 million barrels a day from October levels.

ADNOC to Boost Oil Production to 4 MMbpd by 2020
Monday, November 05, 2018 The state-owned oil company is implementing a new gas strategy to increase production and plans to invest $132 billion in the next five years.

OPEC Could Cut Production in 2019
Thursday, October 25, 2018 OPEC signaled it could cut output in 2019 due to concerns about rising oil inventories and economic uncertainty.

OPEC in Maximum Production Mode
Tuesday, October 23, 2018 Saudi Arabia says OPEC and allies are in a 'produce as much as you can mode'.

IEA Urges OPEC to Open Taps as Oil Markets Enter 'Red Zone'
Tuesday, October 09, 2018 The International Energy Agency made a direct appeal to OPEC and other major oil producers to boost output.

Saudi Crown Prince to Trump: We've Replaced All Iran's Lost Oil
Friday, October 05, 2018 Saudi Arabia's crown prince, facing US pressure to tame surging oil prices, insisted that the kingdom is fulfilling promises.

Saudis and Russia Open the Oil Taps While the Market Shrugs
Wednesday, October 03, 2018 After their September meeting, the world's two largest oil exporters sought to send a clearer signal to ease the price worries of consumers, and the US president.

OPEC Output Edges Higher
Tuesday, October 02, 2018 OPEC production rose last month as deepening losses in Iran due to looming US sanctions were countered by other members.

Gulf Keystone To Resume Spending To Boost Shaikan Oil Output
Monday, September 10, 2018 Gulf Keystone Petroleum is resuming spending on the Shaikan oilfield in the Iraqi region of Kurdistan.

Lukoil Taps SNC-Lavalin for Iraq Contract
Thursday, September 06, 2018 West Qurna Phase 2 comprises three main phases: two for the Misrif formation and one for the Yamama formation.

OPEC's Barkindo: Oil Demand To Hit 100 MMbpd Sooner Than Projected
Wednesday, September 05, 2018 World oil consumption will reach 100 million barrels per day later this year, hitting that level much sooner than previously forecast, OPEC's Barkindo says.

Reuters Survey: OPEC August Oil Output Hits 2018 High Despite Iran Losses
Friday, August 31, 2018 OPEC oil output has risen this month to a 2018 high as Libyan production recovered and Iraq's southern exports hit a record, a Reuters survey found.

OPEC+ Committee: Oil Producers Cut July Output By 9% More Than Agreed
Monday, August 27, 2018 An OPEC and non-OPEC monitoring committee found that oil producers participating in a supply-reduction agreement cut output in July by 9% more than called for in their pact, sources say.

Iraq's Southern Oil Exports Head for Record High in August - Sources
Tuesday, August 21, 2018 Oil exports from southern Iraq are on course to hit another record high this month, two industry sources said.

Energy Minister: Saudi Aramco Committed To Meeting Future Oil Demand
Friday, August 17, 2018 Saudi Aramco remains committed to meeting future oil demand through continued investments, the kingdom's Energy Minister Khalid Al Falih says.

Saudi Cuts Oil Output As OPEC Points To 2019 Surplus
Monday, August 13, 2018 OPEC forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return of oversupply, had cut production.

OPEC Oil Output Climbs as Saudi Arabia Pumps Near Record
Thursday, August 02, 2018 OPEC's crude output increased last month as Saudi Arabia pumped near-record volumes.

Iraq To Take Over Development Of Mansuriyah Gas Field, Nassirya Oilfield
Tuesday, July 31, 2018 Iraq will develop its Mansuriyah gas field near the Iranian border using state-run firms after the 'delay and failure' of international companies to resume work at the field.

Reuters Survey: OPEC July Oil Output Hits 2018 Peak, But Outages Weigh
Monday, July 30, 2018 OPEC oil output has risen this month to a 2018 high as Gulf members pumped more after a deal to ease supply curbs and Congo Republic joined the group, a Reuters survey found.

Saudi Arabia Says It Won't Oversupply Global Oil Market
Thursday, July 19, 2018 Saudi Arabia rejected concerns that it's planning to oversupply global oil markets and said it will actually trim crude exports next month.

SNC-Lavalin Wins Five-year Contract from Saudi-Kuwait Firm
Monday, July 16, 2018 Canada-based SNC-Lavalin will provide general engineering services under latest framework deal.

Analysts: SDX's Egypt Appraisal Well Result 'Very Encouraging'
Monday, July 16, 2018 North Africa focused oil and gas company SDX Energy Inc announces that a 'successful' production test has been conducted at its SD-4X appraisal well at South Disouq in Egypt.

Iraqis Protest at Oilfields to Call for Jobs and Basic Services
Thursday, July 12, 2018 The unrest did not impact production at West Qurna 2 or the other two fields, West Qurna 1 and Rumaila, two oil officials said.

Libya's Oil Output More Than Halved Since February - NOC
Monday, July 09, 2018 Libya's national oil production fell to 527,000 barrels per day from a high of 1.28 million bpd in February following recent oil port closures, the head of the National Oil Corporation said.

Iran Threatens to Stop Hormuz Oil Exports If Own Crude Cut
Thursday, July 05, 2018 Iran will stop oil exports from the Strait of Hormuz, the world's most important oil chokepoint, if the U.S. succeeds in halting crude sales from the Persian Gulf nation.

Abu Dhabi Ready to Pump More Oil Under OPEC Deal
Tuesday, July 03, 2018 Abu Dhabi said it's ready to increase oil output in line with guidance set by OPEC and allied producers.

Libya's NOC Declares Force Majeure At Zueitina And Hariga Oil Export Ports
Monday, July 02, 2018 Libya's National Oil Corporation declares force majeure on loadings from Zueitina and Hariga ports on Monday.

Saudi Aramco CEO Says Has 2 Million Barrels Per Day Of Spare Capacity
Monday, June 25, 2018 Oil giant Saudi Aramco says it has a spare capacity of 2 million barrels per day and can meet additional oil demand in case of any interruption in supplies.

Iraq, Exxon Talks On Water Treatment Project End-BOC Director General
Wednesday, June 20, 2018 Iraq is no longer in talks with Exxon Mobil Corp for the oil major to build a giant water treatment facility.

Iran Says South Pars Not Affected By US Actions, Upgrading Oilfields
Tuesday, June 19, 2018 The possible withdrawal of Total from South Pars gas field has not slowed down the project, a senior Iranian official says.

Sources: US Asks OPEC Producers To Pump More Oil, No Specific Figure
Tuesday, June 05, 2018 The US government has unofficially asked Saudi Arabia and some other OPEC producers to raise oil output.

NOC: Libyan Oilfield Suffers 'Distribution Delay' Amid Protest Threats
Wednesday, May 23, 2018 Libya's National Oil Corp (NOC) says there was a 'minor distribution delay' from Raguba field.

Unemployed Threaten Libya Oilfields Feeding Es Sider; Production Normal
Monday, May 21, 2018 A group of unemployed Libyan youths will shut down oilfields in Marada town in the east unless demands for better state services are met, the group said on Sunday.

OPEC In No Hurry To Decide If Extra Oil Needed To Offset Iran -Sources
Thursday, May 10, 2018 OPEC is in no hurry to decide whether to pump more oil to make up for an expected drop in exports from Iran after the imposition of new U.S. sanctions, sources familiar with the issue say.

Iraq Lifts Oil Output At Eni's Zubair Field To 475,000 Bpd - Oil Official
Wednesday, May 09, 2018 Iraq lifts oil production at Eni's Zubair field in the south by 50,000 barrels per day to 475,000 bpd.

Iraq, BP Sign Kirkuk Oilfield Development Contract, Official Says
Monday, May 07, 2018 Iraq's state-run North Oil Company signed an agreement with BP to triple output from the Kirkuk fields in the north of the country.

OPEC's Reason for Sticking With Cuts Rests on Shaky Ground
Wednesday, May 02, 2018 OPEC and Russia seem determined to keep on cutting production even after their campaign to rebalance world oil markets achieved its main target.

Kuwait Energy Starts Producing Natural Gas From Field In Southern Iraq
Wednesday, April 25, 2018 Kuwait Energy starts producing natural gas from Siba.

Oklahoma Regulators Order Disposal Well Shut, More Reductions After Quakes
Friday, April 20, 2018 Oklahoma regulators on Thursday ordered a wastewater disposal well shut and told two operators to reduce injection volumes, the second such directive in less than two weeks.

OPEC, Non-OPEC Panel Finds Oil Glut Virtually Eliminated
Thursday, April 19, 2018 A global oil glut has been virtually eliminated, according to a joint OPEC and non-OPEC technical panel, two sources familiar with the matter said.

UAE Says Most Countries In Oil Cut Deal Like Idea Of Long-Term Alliance
Thursday, April 12, 2018 A majority of the OPEC and independent oil producers participating in a current deal to cut supply like the idea of a long-term producers' alliance, the energy minister of the United Arab Emirates says.

Ghazeer 'Crucial' to Maintaining Oman Gas Production to Early 2020s
Tuesday, April 10, 2018 The second phase of development at the Khazzan field in Oman will be crucial to maintaining domestic gas production into the early 2020's, BMI Research analysts say.

BP to Develop Second Phase of Giant Khazzan Gas Field
Monday, April 09, 2018 The development of Ghazeer, the second phase of the giant Khazzan gas field in Oman, is approved.

Iraq Ministry, Exxon Still In Talks On Boosting Oil Output
Wednesday, April 04, 2018 Iraq is still in discussion with Exxon Mobil over a multi-billion-dollar project to boost output from several southern oilfields, the Iraqi oil ministry says.

Down Is Up as Aging Oil Fields Defy Gravity to Pump More
Friday, March 09, 2018 Bob Dudley has never seen anything like what happened with BP's old fields last year: They gushed more crude.

Find More Articles with an Advanced Search
The results on this page are limited to showing the 50 most recent articles for this category, region, and date range combination.For more articles, please perform an Advanced Article Search.