Thursday 21 August 2014
 
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EOR 'will anchor oil prices below $100'

  Enhanced oil recovery (EOR) techniques could boost US domestic oil production by 4 million barrels per day for 50 years, while storing all the emissions from 93 large coal-fired power plants, at a

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GCC 'can meet any oil supply shortfall'

The GCC states have spare oil production capacity now of 2.5 to 3 million barrels per day and are positioned to meet any possible shortfall in supplies to world markets, a report said. The report by  the Institute of International Fin

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DME volumes hit record 3bn barrels

The Dubai Mercantile Exchange (DME), a leading energy futures exchange in the Middle East, hit a new monthy record after trading three million contracts, equivalent to three billion barrels of crude oil, since its launch in June 2007. Anno

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Bapco sets up new capacity record

The Bahrain Petroleum Company (Bapco) has set a new record for monthly average capacity of 271,300 barrels per day (bpd). The new record, set last month, is a major accomplishment compared to the refinery's average capacity of 262,000 bpd.

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Oman crude output increases 3pc

Oman's crude oil production rose three per cent in the first seven months of this year compared to the same period a year ago, the Sultanate's finance ministry data showed. Oman produced 164.28 million barrels of crude in the perio

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Aramco eyes full Manifa output by 2015

State oil giant Saudi Aramco plans to accelerate the development of its 900,000 barrels-per-day (bpd) Manifa oilfield and reach full capacity by early 2015, an Aramco executive said on Wednesday. Aramco had said in its 2009 annual review t

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