Gulf Keystone sends staff back to Iraq
Gulf Keystone Petroleum Ltd. is sending staff back to Iraqi Kurdistan after US airstrikes eased the threat from Islamic State militants that prompted a mass evacuation of expatriate oil workers three weeks ago.
Middle East
ONS: Saudi Aramco – Industry needs to add 40 million boepd
The Saudi Arabian national oil company has revealed plans to more than double its exploration efforts in order to make up a widening shortfall in global oil and gas reserves.
Brent extends drop as Middle East oil supply stays safe
Brent fell for a second day amid speculation that turmoil across the Middle East will not threaten crude supplies.
Occidental talks to Mubadala over $3billion gas stake
Occidental Petroleum Corp. is in talks to sell a $3billion stake in a gas field to Abu Dhabi- owned Mubadala Development Co., Petroleum Intelligence Weekly reported, without saying where it got the information.
Kurds said to plan quadrupled oil exports on pump breakthrough
Iraq’s Kurdish administration may increase oil exports via Turkey fourfold to half a million barrels a day in months, according to an official with knowledge of the situation, citing improvements in pumping capacity.