Oil

ADNOC Drilling announced the completion of its first offshore integrated drilling services (IDS) well in Abu Dhabi’s Umm Lulu offshore oilfield.

The Khurais facility is now producing over 1.3 million barrels per day. while the Abqaiq plant is producing approximately 3 million.

Saudi state oil firm Aramco has told Japanese refiner JXTG Nippon Oil &. Energy about a possible change in shipment. raising concern about the kingdom’s ability to supply crude oil a week after attacks on its refineries.

Rising global oil prices are a major concern for India. the world’s third biggest oil importer.

Saudi'.s oil production from Khurais is now at more than 1.3 million bpd.

The firm behind a marine powered buoy tested in the North Sea has announced a £1.5m million contract to supply the technology in Chile.

EV Private Equity (EVPE) has highlighted that the image of oil and gas for society and investors is a key concern going forward.

The attacks halved the crude output of the world'.s top oil exporter. by shutting down 5.7 million barrels per day.

The unprecedented attack knocked out more than half of Saudi crude output. or five percent of global supply.

Iranian oil minister Bijan Zanganeh warned against the use of oil as a weapon. calling for its free trade in international markets.