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1. Iraqi Kurdistan to cut oil production

   The semi-autonomous region of Iraqi Kurdistan will be required to cut oil output as part of an agreement made on…
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   17 Apr
2. Petrofac to resize UAE workforce for cost savings

   UK-based energy industry contractor Petrofac has announced to staff in the UAE its decision to implement a plan to reduce…
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   9 Apr
3. Kuwait completes $4.7bn refinery upgrades

   State-owned downstream operator Kuwait National Petroleum Company (KNPC) has completed a $4.7bn upgrade of its Mina al-Ahmadi refinery as part…
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   9 Apr
4. Iraq likely to suspend $4.7bn oil project

   Contractors expect work on phase two of the Majnoon oil field development project to be suspended over the coming weeks,…
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   9 Apr
5. PDO asks contractors for cost reductions

   Majority state-owned Petroleum Development Oman (PDO) has directed oil field contractors to achieve savings of at least 30% of their…
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   9 Apr
6. UK to seek clarity on Iraq oil budget cuts

   The UK Government’s Department for International Trade (DIT) is planning to contact Iraq’s Ministry of Oil and Basrah Oil Company…
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   2 Apr
7. Hail and Ghasha commercial bid date extended

   Abu Dhabi National Oil Company (Adnoc) has extended to 22 April the commercial bid submission date for the four main…
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   1 Apr
8. Iraq asks foreign oil firms to cut budgets

   Iraq’s state-run Basrah Oil Company (BOC) has asked four international oil companies to cut budgets by 30% and postpone payments…
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   1 Apr
9. Iraq declares Covid-19 a force majeure for all contracts

   Projects worth $291bn are likely to be affected by the government declaration. The Iraqi government has declared that the ongoing…
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   1 Apr
10. Adnoc seeks cost savings amid low oil prices

    The Covid-19 pandemic has impacted the commercial interests of energy producers such as Abu Dhabi National Oil Company (Adnoc). The…
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    26 Mar