WorldOil Gazprom Neft undertakes its largest-ever maritime oil shipment Gazprom Neft Badra, operator of Badra field, Iraq, has undertaken the largest-ever maritime shipment of oil for export in the company’s history, with 1.78 MMbbl of hydrocarbons being despatched for the United States in the New Solution crude oil tanker. Gas Plus Khalakan provides operational update on Shewashan field in Iraq Gas Plus Khalakan (GPK), the operator of the Shewashan oil field in the Kurdistan region of Iraq, is pleased to provide an update on the operations and activity that has been delivered to further develop the Shewashan oil field. OPEC has success at last, but oil revival may be short-lived When OPEC and its allies gather this week, they’ll have the best evidence yet that their efforts to clear a global oil glut are succeeding. It may prove short-lived. Rosneft to finalize pipeline project in Iraqi Kurdistan Rosneft has completed its due diligence on infrastructure of the export oil pipeline in Iraqi Kurdistan (KROP) and will shortly finalize the legally binding documents on oil pipeline project under the Investment Agreement signed at St. Petersburg International Economic Forum in June 2017. Lebanon passes oil tax law ahead of first energy-rights auction Lebanon’s parliament approved a law to tax revenue from oil operations, weeks before its first sale of offshore energy exploration rights to interested companies like Total SA and ExxonMobil Corp. Kuwait says OPEC to decide on extending cuts in March 2018 Kuwait says OPEC to decide on extending cuts in March 2018 Qatar says it's fulfilling oil and gas deals despite Gulf crisis Qatar, the world’s largest exporter of liquefied natural gas, is fulfilling all of its contracted shipments of oil and gas despite a regional political crisis that led to the severing of ties with some of its neighbors, the Gulf country’s energy minister said. OPEC increases global oil demand forecasts on Europe, China OPEC raised estimates for the amount of crude it will need to supply next year amid a stronger outlook for global oil demand. OPEC is said to discuss extending cuts by more than three months OPEC is discussing extending by more than three months the oil production cuts that expire in March 2018 in an effort to boost prices. Saudi Arabia open to another OPEC cuts extension Saudi Arabian Energy Minister Khalid Al-Falih agreed with his Venezuelan and Kazakh counterparts to keep all options open in their push to re-balance world oil markets, including the possible extension of output cuts beyond next March.