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Adipec 2021: Adnoc to Invest $6bn in drilling as it boosts crude oil production capacity
More than $1.8bn worth of Drilling-Related Equipment will be Made in the UAE
Oil & Gas
Algerian Crude Exports Hit 26-Month High in October
Exports of Algeria's Saharan Blend crude hit a more than two-year high last month, buoyed by a rise in shipments to the country's core markets in northwest Euro
Oil & Gas
Opec+ Brought Stability to Oil Markets Through Its Policies, Saudi Energy Minister Says
The group delivered ‘more sustainability and more predictability’ to energy markets
Oil & Gas
Russia And Saudi Arabia See Oil Oversupply In 2022
“Everybody is predicting a surplus of supply starting from the first or second quarter,”
Oil & Gas
OPEC Cuts 2021 Global Oil Demand Forecast Again
OPEC revised down its forecast by 160,000 bpd
Oil & Gas
CITIC Construction Wins bid Worth 5.7 bln USD in Iraq
CITIC Construction Co., Ltd., a subsidiary of CITIC Group, has recently won the bid for the first and second phase of the AI Khairat Heavy Oil Power Plant Proje
Oil & Gas
Opec Maintains 2022 Outlook and Expects Oil Demand to Surge Above Pre-Covid Levels
Based in Vienna, the group trimmed its outlook for 2021 owing to slower-than-anticipated demand from China and India
Oil & Gas
Eni Plans First Oil and Gas from Giant Cote d'Ivoire Find as Early as 2023 as more Blocks put on Offer
Italian energy major Eni plans to start oil and gas production from the giant Baleine discovery offshore Cote d'Ivoire as early as 2023 as the country put 32 mo
Oil & Gas
Opec+ Production Shortfall Widened in October
The Opec+ coalition added 230,000 b/d to collective crude output last month, meaning its production shortfall widened to 690,000 b/d at a time when consuming co
Oil & Gas
Oil Gains After U.S. Infrastructure Bill Passes, Chinese Exports Rise
Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand, while Saudi Arabia's state-owned producer Aramco
Oil & Gas
Soaring Oil Prices Could Push for Clean Energy Faster
Oil prices have hit over $80 a barrel and a seven-year high, and with economies pushing through pandemic recovery and a good portion of the Northern Hemisphere
Oil & Gas
Biden “Looking at” Tapping Strategic Oil Reserve, Energy Secretary Says
U.S. President Joe Biden “is looking at” a potential release from the Strategic Petroleum Reserve to bring down gasoline prices after OPEC+ rejected his reque
Oil & Gas
BP Says Global Oil Demand has Passed 100 million Barrels per day
As world leaders discuss the fight against climate change, global oil demand has bounced back above the key level of 100 million barrels a day last seen before
Oil & Gas
CNOOC Gives Green Light to Uganda Crude Project
China's state-controlled CNOOC has taken a final investment decision on the Kingfisher crude project in Uganda.
Oil & Gas
Opec+ JMMC Recommends Sticking to Output Policy
The Opec+ Joint Ministerial Monitoring Committee is recommending sticking to a 400,000 b/d combined crude quota increase for December, two delegates said, even
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