Gulf Keystone Petroleum (GKP.L) said Monday it increased the production at its Shaikan field operations in Iraq to 43,000 barrels of oil per day after resuming operations on June 24.
The UK-listed Iraqi oil and gas company noted that well activities at the oil field are underway to boost production in the coming weeks, while it monitors the security situation in the region.
Gulf Keystone said it is in talks with the Ministry of Natural Resources on a revised development plan for the field.
Fitch maintained its A+ long-term foreign-currency issuer default rating on Saudi Arabia with a stable outlook, according to a July 10 note.The affirmation is based on the country's strong and healthy external balance sheet, its resilient economy and sound banking industry amid geopolitical risks from the US-Iran conflict.Fitch additionally took note of the kingdom's rising government debt and the expected but temporary narrowing of its fiscal deficit in 2026 due to higher oil revenue.
Zenith Energy (ZENA.OL, ZEN.L) signed an agreement to secure an at-the-market equity offering facility worth up to 2 million pounds sterling.The facility will allow the energy production and development company to potentially conduct share sales on the London bourse over the next 12 months, according to a July 10 release.
Arabian Drilling (SASE:2381) said Sunday that it will restart the operations of three offshore rigs that were suspended due to regional developments.The oilfield services company expects to fully resume normal operations of its suspended rigs by the second half of 2026, which will bring its offshore fleet utilization to 100%.