Exploration & Production

Gazprom Neft produces its 100-millionth barrel of oil at the Badra field

b1abea40f20ebaa02f8f3808e4e58b61Gazprom Neft, the oil-producing arm of Russian gas giant Gazprom, has announced that the Badra oilfield in Iraq had produced 1.8mn tonnes of oil since the start of 2019

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Gazprom tops global growth ranking, says Rystad Energy

rystad 16a1Russian giant Gazprom saw the highest production growth over the last five years, followed by shale gas players in the USA and China, while BP dominates among the majors, according to Rystad Energy

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Petrogas renews EPSA with Oman for Block 5

14205649857 1f9dd5a5d3 zInternational law firm CMS has advised Mazoon Petrogas SAOC (Petrogas), with the renewal of its exploration and production sharing agreement (EPSA) for the onshore Block 5 license in north-western Oman

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Rystad Energy report shows oil demand growth at a decade low

8026229759 4a776c96e0 zConsultancy firm Rystad Energy said the outlook for short-term oil demand remains weak over global economic uncertainty and a fierce trade war between the US and China

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Survey reveals US$70 per bbl oil price in sight after OPEC deal

45165978431 1b313d4463 zThe extension to March 2020 of an oil production cut deal by OPEC to remove of 1.2 mmbbl per day from the market will push Brent crude prices to US$70 per bbl, according to 66 per cent of those polled in GIQ’s monthly Energy Market Survey in July

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