From the field

Oil edges up as Vienna meeting looms

Oil prices went up slightly on Friday as non-OPEC producers were set to meet in Vienna over the weekend to… Read More

7 years ago

ExxonMobil proposes Indonesia uptick

ExxonMobil Cepu has submitted a request to increase production from the like-named block in East Java, the local subsidiary’s vice-president… Read More

7 years ago

Republic of Congo to raise output

Republic of Congo forecasts an increase in domestic production of some 50,000 bopd over the next two years, Hydrocarbons Minister… Read More

7 years ago

Gazprom awards TurkStream contract

Gazprom on Thursday announced it had signed a deal with the Swiss Allseas Group to start construction on the first… Read More

7 years ago

Chevron slashes investment in 2017

Chevron on Wednesday unveiled a USD 19.8-billion capital and exploratory investment programme for 2017, marking the fourth straight year of… Read More

7 years ago

Glencore, Qatari fund buy Rosneft stake

Commodity traders Glencore and the Qatar Investment Authority will together acquire a 19.5% stake in Rosneft, the Kremlin announced on… Read More

7 years ago

Iraq passes 2017 budget

The Iraqi parliament has approved a USD 85 billion budget for 2017, lawmakers said on Wednesday. It assumes an oil… Read More

7 years ago

Iraq’s MOC flexes muscles

Missan Oil Company, the national oil company overseeing production in Iraq’s Maysan province, will develop the Howaiza field in 2017,… Read More

7 years ago

Shell returns to Iran after sanctions

Shell signed a non-binding memorandum of understanding with the National Iranian Oil Company on Wednesday to develop the Kish natural… Read More

7 years ago

Oman looks to plug budget hole

Oman is planning a bond issue of up to USD 2 billion next year to plug gaping holes in its… Read More

7 years ago

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