Results 37 articles shown
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.
Libyan Oil Output Is Set to Rebound as Biggest Field Restarts
Wednesday, October 04, 2017 Libya's oil output is on track to resume its recovery as the OPEC nation's biggest crude deposit started pumping after a three-day forced halt.
Engineer: Libya's Sharara Oilfield Still Shut Due To Action By Armed Brigad
Tuesday, October 03, 2017 Libya's giant Sharara oilfield remained closed on Tuesday morning, two days after an armed brigade shut it down over salary claims and other demands.
Libya Oil Output Drops to 5-Month Low on Biggest Field Halt
Monday, October 02, 2017 Libya's oil production slumps to a five-month low.
OPEC Oil Output Climbed in September as Libya, Nigeria Recover
Monday, October 02, 2017 OPEC nations pumped slightly more crude in September as Libya's biggest oil field returned to production.
Libya Oil Output Gains as Country Faces Calls to Join OPEC Cuts
Wednesday, September 27, 2017 Libya's oil output is rising again after disruptions ended at its biggest field, with production reaching about 950,000 barrels a day.
Algeria's Sonatrach To Boost Output From Rhourde El Baguel Field
Monday, September 18, 2017 Sonatrach will boost gas output by 10 million cubic metres per day at its giant Hassi Messaoud field.
Libya's Biggest Oil Field Is Said to Resume Pumping Crude
Thursday, September 07, 2017 Libya's largest oil field resumed production after a halt of more than two weeks.
Source: Libya's Sharara Oil Field Reopens After Pipeline Blockade
Tuesday, September 05, 2017 Libya's Sharara oil field, the country's largest, reopens after being shut down for more than two weeks.
Libya's NOC Says Crude Output Down 360,000 Bpd After Oilfields Shut Down
Wednesday, August 30, 2017 Libya's crude production has fallen by 360,000 barrels per day after armed brigades blockaded pipelines and closed three oilfields, NOC says.
Libya's Oil Disruptions Widen as Two More Fields Halt Output
Monday, August 28, 2017 Two more oil fields in Libya are being closed after an armed group took over pipelines to both deposits, further disrupting the OPEC nation's plan to boost crude production.