Production News for Mediterranean/N. Africa


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IEA Urges OPEC to Open Taps as Oil Markets Enter 'Red Zone'
Tuesday, October 09, 2018 The International Energy Agency made a direct appeal to OPEC and other major oil producers to boost output.

BP and ENI Team Up for Libya EPSA Restart
Tuesday, October 09, 2018 Libya's NOC, BP and Eni sign an agreement expected to lead to BP and Eni working together to resume exploration activities on a major exploration and production contract.

OPEC Output Edges Higher
Tuesday, October 02, 2018 OPEC production rose last month as deepening losses in Iran due to looming US sanctions were countered by other members.

Strong Growth in Short Term Egypt Gas Production Expected
Thursday, September 20, 2018 Fitch Solutions Macro Research expects 'strong growth' in gas production in Egypt in the short term, a new report by the company has revealed.

Zohr Field Now Producing 2 Bcf Per Day
Monday, September 10, 2018 Eni announces that the Zohr field offshore Egypt is now producing 2 billion cubic feet per day.

OPEC's Barkindo: Oil Demand To Hit 100 MMbpd Sooner Than Projected
Wednesday, September 05, 2018 World oil consumption will reach 100 million barrels per day later this year, hitting that level much sooner than previously forecast, OPEC's Barkindo says.

Reuters Survey: OPEC August Oil Output Hits 2018 High Despite Iran Losses
Friday, August 31, 2018 OPEC oil output has risen this month to a 2018 high as Libyan production recovered and Iraq's southern exports hit a record, a Reuters survey found.

Truck Explosion At Glencore Oilfield In Chad Injures 3 And Halts Production
Tuesday, August 28, 2018 A truck caught fire and exploded on Sunday at Glencore's Mangara oilfield in Chad.

Wintershall's Libya Oil Output Sharply Lower At 10,000 Bpd
Tuesday, August 28, 2018 Energy company Wintershall is producing less than 10,000 bpd in Libya compared with 60,000 bpd earlier this year, a senior executive says.

OPEC+ Committee: Oil Producers Cut July Output By 9% More Than Agreed
Monday, August 27, 2018 An OPEC and non-OPEC monitoring committee found that oil producers participating in a supply-reduction agreement cut output in July by 9% more than called for in their pact, sources say.

Saudi Cuts Oil Output As OPEC Points To 2019 Surplus
Monday, August 13, 2018 OPEC forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return of oversupply, had cut production.

Gas Production at Egypt's 9B Field to Begin in October - Minister
Friday, August 03, 2018 The petroleum ministry's statement did not say how much gas the first two wells would initially produce.

OPEC Oil Output Climbs as Saudi Arabia Pumps Near Record
Thursday, August 02, 2018 OPEC's crude output increased last month as Saudi Arabia pumped near-record volumes.

Reuters Survey: OPEC July Oil Output Hits 2018 Peak, But Outages Weigh
Monday, July 30, 2018 OPEC oil output has risen this month to a 2018 high as Gulf members pumped more after a deal to ease supply curbs and Congo Republic joined the group, a Reuters survey found.

Security Issues Continue to Plague Libya's Oil-Supply Growth
Wednesday, July 18, 2018 Just as Libya resumes oil exports from recently shuttered ports, an attack on its largest field is setting back progress yet again.

Algeria Raises Production At Eastern Alrar Gas Field
Monday, July 02, 2018 Output at Algeria's Alrar gas field close to its border with Libya has risen.

Saudi Aramco CEO Says Has 2 Million Barrels Per Day Of Spare Capacity
Monday, June 25, 2018 Oil giant Saudi Aramco says it has a spare capacity of 2 million barrels per day and can meet additional oil demand in case of any interruption in supplies.

Sources: US Asks OPEC Producers To Pump More Oil, No Specific Figure
Tuesday, June 05, 2018 The US government has unofficially asked Saudi Arabia and some other OPEC producers to raise oil output.

Flow Test at Egyptian Well Exceeds Expectations
Friday, May 18, 2018 Flow testing at SDX Energy Inc's Ibn Yunus-1X discovery, located within South Disouq in Egypt, exceeds the company's expectations.

Eni Ramping Up Production at Zohr
Thursday, May 10, 2018 Eni SpA announces the start-up of the third production unit at its Zohr project, located offshore Egypt within the Shorouk Block.

OPEC's Reason for Sticking With Cuts Rests on Shaky Ground
Wednesday, May 02, 2018 OPEC and Russia seem determined to keep on cutting production even after their campaign to rebalance world oil markets achieved its main target.

Second Production Unit Starts-Up at Zohr Project
Thursday, April 26, 2018 Eni announces the start-up of the second production unit at its Zohr project.

UAE Says Most Countries In Oil Cut Deal Like Idea Of Long-Term Alliance
Thursday, April 12, 2018 A majority of the OPEC and independent oil producers participating in a current deal to cut supply like the idea of a long-term producers' alliance, the energy minister of the United Arab Emirates says.

SDX Achieves 'Strong' Flow Test Result From Moroccan Well
Thursday, March 22, 2018 North Africa focused oil and gas company SDX Energy achieves a 'strong' flow test result from its SAH-2 well on the Sebou permit in Morocco, says the company's president and CEO, Paul Welch.

Sonatrach To Invest $250 Million To Boost Output At Tinhert Gas Field
Monday, March 12, 2018 Algerian state energy firm Sonatrach will invest $250 million to boost output at the Tinhert gas field, its CEO says.

Down Is Up as Aging Oil Fields Defy Gravity to Pump More
Friday, March 09, 2018 Bob Dudley has never seen anything like what happened with BP's old fields last year: They gushed more crude.

Libya Oil Field Is Said to Be Halted Amid Still-Fragile Recovery
Friday, February 23, 2018 A Libyan oil field halted production due to a labor dispute.

IEA: Surge In Global Oil Supply May Overtake Demand In 2018
Tuesday, February 13, 2018 The rise in global oil production, led by the US, is likely to outpace growth in demand this year, IEA says.

BP Announces Start-Up of Atoll Phase One
Tuesday, February 13, 2018 BP begins gas production from the Atoll Phase One project offshore Egypt.

ExxonMobil's Reserves Jump 19% On Growth In US Shale, UAE
Friday, February 09, 2018 ExxonMobil says its oil and gas reserves surged 19% last year, thanks to growth in US shale, the United Arab Emirates and Guyana.

ONZ-7 Results Confirm Sebou Permit can be 'Highly Cash Generative'
Tuesday, February 06, 2018 The latest results of the ONZ-7 well onshore Morocco confirm that the Sebou permit has the potential to be 'highly cash generative' for SDX Energy Inc, according to the company's president and CEO, Paul Welch.

Algeria's Sonatrach Signs $500MM Deal With BP, Statoil
Wednesday, December 20, 2017 Sonatrach signs an agreement with BP and Statoil to produce an additional 11 billion cubic meters of natural gas from its Tiguentourine gas field.

Zohr Begins Production
Wednesday, December 20, 2017 Eni announces the production start up of Zohr, the largest ever discovery of gas in the Mediterranean Sea.

SDX: KSR-15 Well Placed on Production
Friday, December 15, 2017 North Africa focused oil and gas company, SDX Energy Inc, announces that the KSR-15 well on the Sebou permit in Morocco has been placed on production.

Greece, Italy, Israel and Cyprus Back Natgas Pipeline To Europe
Tuesday, December 05, 2017 Italy, Greece, Cyprus and Israel agree to back the construction of a gas pipeline from newly discovered fields.

Sudanese Oil Min Says In Talks With Foreign Firms For Oil Industry
Tuesday, November 14, 2017 Sudan has held talks with Russian oil firm Lukoil and other companies from the United States and Canada on the development of its oil industry after the lifting of U.S. sanctions.

Algeria Delays Start Of Southern Touat Gas Field
Wednesday, October 25, 2017 Algeria will delay the start of the southern Touat gas field until the first quarter of 2018.