International

Abu Dhabi Al Seer Marine buys two oil tankers valued at $110mln

The company expects rising crude output to fuel demand for VLCCs

Iraqi Basra Oil to take biggest share in Exxon stake in West Qurna 1 oilfield

Iraq oil ministry formally asked to purchase U.S. energy giant Exxon shares in the oilfield in May 2021

QatarEnergy signs deal with TotalEnergies for North Field East project

Qatar is partnering with international energy companies in the first and largest phase of a nearly $30bln expansion of the North Field project.

Saudi cuts crude supply to some Chinese refiners in July

The cuts to Chinese refiners come as more cheap Russian oil heads to the world top oil importer, which has refused to condemn Russia invasion of Ukraine

Libya oil shutdown expands with threat to close new port

Libyan oil output had already fallen by about half to 600,000 barrels per day

Qatar picks Exxon, Total, Shell, Conoco for mega-LNG expansion - sources

The North Field expansion will boost Qatar LNG output by 64% by 2027, strengthening its position as the world top LNG exporter and help to guarantee long term supply of gas to Europe

New discoveries to add up to 100,000 bpd to Omani oil output in 2-3 years: Minister

New hydrocarbon discoveries by energy companies operating in the Sultanate of Oman will help boost the country output by 50,000 – 100,000 barrels per day (bpd) over the next 2 – 3 years, according to Dr Mohammed bin Hamad al Rumhy, Minister of Energy and Minerals.

Saudi Arabia to raise oil production if Russian output falls under sanctions: FT

Production increases that are scheduled for September would be brought forward to July and August