International

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

Oil prices edge higher on tight supply, firmer demand expectations

Oil prices rose on Wednesday, buoyed by tight supplies and the prospect of rising demand from the upcoming start of the summer driving season in the United States, the world biggest crude consumer.

TotalEnergies agrees to buy 50% of U.S. renewables company Clearway

TotalEnergies said on Wednesday it has agreed to buy 50% of Clearway Energy Group, the fifth-largest renewables company in the United States, marking the French group largest U.S renewables energy acquisition.

Eni, TotalEnergies Start Drilling Offshore Cyprus

Italian Eni and French TotalEnergies on Monday began the exploratory drilling of a natural gas well off the coast of Cyprus in the same block where a discovery was made in 2018.

Saudi Steel Pipe inks $25.86mln supply contract with Aramco

Under the 10-month contract, Saudi Steel Pipe will supply oil and gas steel pipes to Saudi Aramco

Kuwait approves $93mln oil deals

Kuwait top tenders authority has approved the award of new contracts for oil facilities and services with a total value of around 28.3 million Kuwaiti dinars ($93 million)

Iran to revive gas pipeline project to Oman: IRNA

Iran oil minister has agreed to revive a long-stalled project to lay an undersea pipeline to carry gas to Oman, the Iranian state news agency IRNA reported on Saturday.