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Cepsa, Cosmo start Hail oilfield production

Cepsa and Cosmo Oil’s Abu Dhabi joint-venture started production on Tuesday from Hail offshore oil field.

TAQA makes 9-month net loss on production dip

Abu Dhabi National Energy Company PJSC (TAQA) made a net loss for the first nine months of the year on lower production.

TAKREER awards major gasoline and aromatics project contracts to expand fuel 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 agree to extend production cuts until March-end

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 starts gas production from offshore Trinidad and Tobago project

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.

Serinus Energy resumes Tunisia production as protests halt

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.

Barkindo: Production freeze highlights OPEC’s commitment to ‘sustainable stability’

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 high on OPEC reaching detailed production cut deal

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 lifts offshore gas production capacity at South Pars

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 to follow OPEC consensus on production cuts

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.