Exploration & Production

IEA report shows Saudi increased oil production in June


The latest International Energy Agency (IEA) monthly oil market report showed that Saudi Arabia increased its June crude oil production but a supply gap for Q3 still remained.   

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ConocoPhillips to split upstream and downstream business


ConocoPhillips announced that it would separate its upstream and downstream business arms that will see the US oil firm focus firmly on exploration and production.

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PDO aims to produce 1.1mn BOE per day for 2011


Petroleum Development Oman (PDO) has stated that the firm aims to produce 1.1 million barrels of oil equivalent (BOE) per day this year.

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Enka wins US$60mn Majnoon facility deal in Iraq


Royal Dutch Shell and Petronas have awarded a contract worth more than US$60mn to Turkish firm Enka to install and operate two production facilities at the Majnoon oilfield.

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Regional refineries boost production


Arab refineries have boosted production by nearly 633,000 barrels per day (bpd) over the past four years as they are pushing ahead with projects to expand capacity to meet growing domestic consumption and external demand.

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