Exploration & Production

ADNOC to cut crude supplies as part of OPEC deal

Barrel RichardFoote shutterstockAbu Dhabi National Oil Company (ADNOC) has revealed that it would cut crude supplies by up to five per cent across its three export grades to meet commitments under an OPEC deal to curb production

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Production cuts spell bad news for Middle East exports with knock on effects

shipping containers 1150062Middle East oil exports are lower than they were 40 years ago due to increased internal consumption, and a slowing of production may affect the sector further than first thought

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Russia and Kazakhstan to join OPEC at talks

PutinAs OPEC countries are to meet with non-OPEC countries in order to discuss a production output cut in order to bring the oil price back above the US$55 per barrel mark 

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Saudi Arabia launches five major oil and gas projects

Salman bin Abdull aziz December 9 2013King Salman bin Abulaziz Al Saud of KSA announced five mega oil and gas projects, in line with Saudi's development plans, outlined by Vision 2030 

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Egypt accepts six oil and gas bids worth US$200mn

oil4Egypt has accepted six bids for oil and gas exploration worth a total investment of up to US$200mn, the Ministry of Petroleum said

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