Libya's Zawiya refinery has returned to pre-shutdown output levels at around 60 percent of capacity and is running Brega crude oil, a senior Libyan oil official said.
The 120,000 barrels-per-day (bpd) refinery and port re-open
Kuwait National Petroleum Company (KNPC) will invest $35 billion in expansions and new projects in the coming five years, said the company's chief executive officer Mohammad Ghazi Al-Mutairi.
"At the forefront of these pr
A tanker is due to load 1 million barrels of crude on Tuesday from Libya's reopened Hariga port, its first export shipment since a deal to end months of closures at its main oil terminals, the National Oil Corp (NOC) said.
Saudi Arabian Chevron along with Kuwait Gulf Oil Company broke ground on their integral oil project at Wafra in Kuwait.
With this Main Gathering Center (MGC) Revamp Project, Saudi Arabian Chevron and its partner the Kuwait Gulf Oi
Oil and gas asset integrity and corrosion management firm Lux Assure has grown its presence in the Middle East with the appointment of two regional agents as well as a new business development manager.
The chemical monitoring spec
US exploration and production companies are finding accumulations of crude and condensates twice as fast as they are producing them, according to statistics published this week.
Proved reserves of crude stood at 30.5 billion barre
Saudi Arabia produced 9.566 million barrels per day (bpd) of crude oil in March, down from 9.849 million bpd in February, an industry source familiar with the matter said on Tuesday (April 8).
The world's l
The oil market has rarely been so quiet. Benchmark Brent has traded in a narrow range of $5 either side of $110 per barrel since the summer of 2012.
Price volatility has fallen to some of the lowest levels since crude futures mark
Kuwait has increased its oil production capacity to 3.3 million barrels of oil a day (bpd) and is hoping to reach 3.5 million bpd in 2015, the head of its state oil company said on Monday.
Kuwaiti officials have previously said th
Global crude oil surged to a new high as data showed strong jobs growth in the US and Brent crude followed suit as investors cast doubt on reports Libya's oil ports were about to reopen.
Both benchmarks retreated from the day&