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Cepsa and Cosmo Oil’s Abu Dhabi joint-venture started production on Tuesday from Hail offshore oil field.
Abu Dhabi National Energy Company PJSC (TAQA) made a net loss for the first nine months of the year on lower production.
The Abu Dhabi Oil Refining Company (TAKREER), an ADNOC Group company, has awarded two major contracts for its gasoline and aromatics project (GAP) that will significantly increase its gasoline production capacity.
Saudi Arabia and Russia have agreed in principle to extend productions cuts until the end of March 2018, in an attempt to outweigh increasing U.S. production and effectively shrink a global glut and prop up crude prices.
BP said started gas production from its US$2 billion Trinidad and Tobago offshore project, the fifth of oil major’s seven upstream start-ups planned for the year.
Canada’s Serinus Energy said it has begun working towards restarting oil and gas production at the Sabria field in Tunisia after ensuring operations would be undisrupted.
OPEC's will limit its production levels to a maximum of 33 million barrels per day. The cartel will ratify the agreement in November, when it will also confirm whether it will impose country specific quotas.
Optimism is at a high that OPEC may reach a detailed agreement next week with member states on a production cut to prop up prices– a plan initially floated two months ago.
Iran has lifted natural gas production capacity from the world’s largest reserves after launching six offshore projects valued at $20 billion at the giant South Pars field, officials said.
Iraq will follow consensus reached by OPEC when the oil exporter group meets in Vienna next month to discuss extending production cuts, the country's oil minister said.