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Libya oil ministry says oil fields closures can lead to force majeure - statement

Libyan oil fields closure could lead to announcing force majeure, the oil ministry said late on Friday, a day after three oilfields were shut in protest against the abduction of a former finance minister.

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Japan's Inpex buys 50% in Enel's Australia renewable business in green push

Japan's Inpex said on Thursday it has bought a 50% stake in the Australian renewable business of Italy's Enel, as the Japanese oil and gas producer expands into green energy.

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Indonesia seizes Iranian-flagged tanker suspected of illegal oil transfer

Indonesia's coast guard said on Tuesday it seized an Iranian-flagged supertanker suspected of involvement in the illegal transshipment of crude oil, and vowed to toughen maritime patrols.

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Kuwait 2023-24 draft budget sees $22.2 bln deficit - report

Kuwait's draft budget for 2023-2024 estimates a deficit of 6.8 billion dinars ($22.2 billion) on the back of lower oil prices and volumes, a local paper reported citing a member of parliament.

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UPDATE 1-Kuwait draft budget estimates $22.2 bln deficit, Al Dustor reports

Kuwait's draft budget for 2023-2024 estimates a deficit of 6.8 billion dinars ($22.2 billion), hit by lower oil prices and volumes, a local paper reported, citing a member of parliament.

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UPDATE 1-Russia's budget deficit narrows to $28 billion as June spending drops

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine

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UPDATE 1-US drillers add oil and gas rigs for first time in 10 weeks -Baker Hughes

U.S. energy firms this week added oil and natural gas rigs for the first time in 10 weeks, due to the biggest weekly increase in gas rigs since October 2016, energy services firm Baker Hughes Co said in its closely followed report on Friday.

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Russian energy ministry says cutting oil exports by 500k bpd -TASS

Russia's energy ministry on Friday confirmed that it was cutting oil supplies by 500,000 barrels per day in August by cutting exports, state news agency TASS reported. (Reporting by Reuters)

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Kuwait's KIPIC says al-Zour refinery distillation unit 21 online

Kuwait Integrated Petroleum Industries Company'S (KIPIC) distillation unit 21 at the al-Zour refinery has come online, paving the way for the refinery to operate at full capacity, it said on Twitter. (Reporting by Nadine Awadalla Editing by David Goodman )

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Baker Hughes to supply 3 liquefaction trains for NextDecade's LNG project

Oilfield services firm Baker Hughes said on Thursday it will supply three liquefaction trains for NextDecade's Rio Grande liquefied natural gas (LNG) project in Texas.

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