Exploration & Production

ADNOC to send greater exports of crude to CNPC

oil_barrel

Abu Dhabi National Oil Company (ADNOC) and China National Petroleum Corporation (CNPC) signed a head of terms agreement that will see CNPC receive greater imports of oil crude from ADNOC.

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IEA report shows Saudi increased oil production in June

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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

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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

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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

oilfield

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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