Production News for Mediterranean/N. Africa


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US to Drive Oil Supply Growth to 2024
Monday, March 11, 2019 The United States will drive global oil supply growth over the next 5 years, according to the IEA.

One Killed, Two Injured at Eni Gas Platform Offshore Ancona
Wednesday, March 06, 2019 A crane fell at the platform, killing the operator and injuring two others.

OPEC Output Slides Again
Friday, March 01, 2019 OPEC's crude production slumped again last month as the cartel implemented planned cutbacks in full and some members were hit by U.S. sanctions.

Exxon Boosts Reserves by 4.5B Barrels
Wednesday, February 27, 2019 Exxon Mobil Corporation added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year's production.

OPEC Chief Urges Producers to Meet Cut Pledges
Wednesday, February 13, 2019 OPEC's top official urged countries in the group and its allies to follow through on their pledges to cut oil production and keep global markets balanced.

US Oil and Gas Production to Outpace Russia and Saudi Arabia by 2025
Friday, January 25, 2019 Recent analysis by Rystad Energy forecasts the US to exceed Russia and Saudi Arabia's combined liquid production in six years.

OPEC Output Falls Most in Almost 2 Years
Wednesday, January 02, 2019 Before its agreement to cut oil supplies even started, OPEC's production plunged by the most in almost two years last month.

Offshore Egypt Project to Start New Phase
Thursday, December 20, 2018 Saipem and Petrobel have negotiated an offshore contract addendum for the 'Ramp Up to Plateau' phase of the Zohr gas field.

OPEC Expected to Cut Oil Output
Wednesday, November 28, 2018 OPEC and its allies will announce production cuts to check a slump in oil prices when they meet next week, according to a Bloomberg survey.

Libya Could Be Exempt From Future Cuts in Crude Output
Monday, November 19, 2018 Libya's top oil chief expects OPEC and allied producers to exempt the strife-torn North African country from any future cuts in crude output.

First Gas from Karish-Tanin Development On Track
Thursday, November 15, 2018 Energean Oil and Gas plc is on track to deliver first gas from its 2.4 trillion cubic feet Karish and Tanin development offshore Israel.

OPEC+ Said to Weigh Bigger Production Cut
Thursday, November 15, 2018 OPEC+ is considering cutting oil output by more than the 1 million barrels a day Saudi Arabia proposed earlier this week, according to people familiar with the matter.

NOPEC to Take Gloves Off, Production Cuts In 2019?
Wednesday, November 14, 2018 OPEC, in cooperation with Russia, are currently discussing the option to put another production cut in place.

Saudis See Need for Producers to Cut 1MM Barrels
Monday, November 12, 2018 Saudi Arabia expresses the need for oil producers to cut 1 million barrels a day from October levels.

Leviathan Project 67% Complete
Friday, November 02, 2018 Construction of the Leviathan project is 67% complete, with anticipated first gas sales on schedule by the end of 2019.

OPEC Could Cut Production in 2019
Thursday, October 25, 2018 OPEC signaled it could cut output in 2019 due to concerns about rising oil inventories and economic uncertainty.

OPEC in Maximum Production Mode
Tuesday, October 23, 2018 Saudi Arabia says OPEC and allies are in a 'produce as much as you can mode'.

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.