Iraq, oil companies agree to restart investment, boost output

Iraq has reached agreement with BP, Shell and Lukoil to restart stalled investment in oil fields the firms are developing, allowing projects that were halted this year to resume and crude production...

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Saudi Minister of Energy: Increasing demand for Saudi oil

Saudi Minister of Energy, Industry and Mineral Resources, Khalid bin Abdulaziz Al-Falih has stressed that the Kingdom of Saudi Arabia’s production of crude oil is witnessing high demand in most...

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Russia energy minister says oil market talks with Saudi developing

The Russian energy minister said his country is consulting with Saudi Arabia and other producers to achieve oil market stability, though he added that a complete return of stability is only likely in...

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Rotterdam: Gate LNG throughput down 24% in H1

LNG throughput volumes at the Dutch Gate terminal dropped 24 percent in the first half of this year as compared to the same period a year before, according to data released by the Port of Rotterdam...

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Saudi Aramco CEO signs off on $13-billion gas project

Saudi Aramco President and CEO Amin H. Nasser presided over a signing ceremony of the Fadhili gas project, marking a new milestone in the company’s drive to expand gas production and supply to meet...

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Hopes on Libya rise after NOC reconciliation

The troubled North African state could increase its oil production in the months ahead, following an improved political outlook, but threats linger, writes Martin Clark. What: Prospects for a return...

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Norway Oil Investment Expected To Fall Again In 2017

Norway is one of the top oil producers in the world and among the top suppliers to Europe. Its oil production has risen slowly to touch 1.63 million barrels per day and it has 18 billion barrels of...

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Algerian Oil Fields Increase Flows

Algeria saw its crude production increase over the past couple of months at two of its major fields, the Hassi Messaoud and the Ourhoud. Production at Hassi Messaoud is currently sitting at 470,000...

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