Oil & Gas

Shell last week quit Iraq’s Majnoon field, a week after Lukoil revised down its output target. Without meaningful contractual amendments more firms could quit.

Algeria's oil output was just 1.551mn b/d in July, the lowest figure since 2003.

US crude and NGLs output is still growing strongly. But the latest output forecasts for key shale formations have been...

Libya’s key gas output comes from fields operated by the Eni-led Mellitah Oil & Gas consortium, namely the offshore Bahr...

Saudi Arabia’s crude exports are at their lowest level since August 2014 as the kingdom deals with the double-whammy of increased summer demand and reduced output in accordance with last November’s Opec agreement.

Russian state firm Rosneft plans to construct a 30bcm/year gas pipeline to supply Turkey with Kurdish gas by 2020. But current KRG output is just 4bcm/y; where are the extra supplies to come from? And is there sufficient external demand?

In another sign of gathering momentum in the KRG, US major Chevron has resumed drilling activity at its Sarta block....

State-owned Oman Oil Company’s upstream arm OOCEP this week finalized a $1bn loan facility to be used to repay a...

Cypriot authorities remain upbeat on the country’s chances of finding offshore gas riches in the coming months despite Total’s failure to find commercially viable quantities. Next door, the deadline for Lebanon’s recent bid round has been delayed.