OPEC, Non-OPEC Panel Finds Oil Glut Virtually Eliminated
Thursday April 19, 2018 - A global oil glut has been virtually eliminated, according to a joint OPEC and non-OPEC technical panel, two sources familiar with the matter said.
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Oklahoma Regulators Order Disposal Well Shut, More Reductions After Quakes
Friday, April 20, 2018 Oklahoma regulators on Thursday ordered a wastewater disposal well shut and told two operators to reduce injection volumes, the second such directive in less than two weeks.
OPEC, Non-OPEC Panel Finds Oil Glut Virtually Eliminated
Thursday, April 19, 2018 A global oil glut has been virtually eliminated, according to a joint OPEC and non-OPEC technical panel, two sources familiar with the matter said.
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.
Ghazeer 'Crucial' to Maintaining Oman Gas Production to Early 2020s
Tuesday, April 10, 2018 The second phase of development at the Khazzan field in Oman will be crucial to maintaining domestic gas production into the early 2020's, BMI Research analysts say.
BP to Develop Second Phase of Giant Khazzan Gas Field
Monday, April 09, 2018 The development of Ghazeer, the second phase of the giant Khazzan gas field in Oman, is approved.
Iraq Ministry, Exxon Still In Talks On Boosting Oil Output
Wednesday, April 04, 2018 Iraq is still in discussion with Exxon Mobil over a multi-billion-dollar project to boost output from several southern oilfields, the Iraqi oil ministry 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.
Sources: Libya's NOC Resumes Pumping Al El Sharara Oilfield
Monday, March 05, 2018 Pumping at Libya's El Sharara oilfield resumed on Monday, according to an oil engineer and a Libyan oil source.
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.
Eni Says To Produce 2.9 Bcf Per Day From Zohr Field By Second Half 2019
Monday, February 12, 2018 Production from Egypt's Zohr field will reach 2.9 billion cubic feet per day by mid-2019, Eni says.
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.
Minister: Iraq To Comply With OPEC Deal Despite Oil Export Capacity Rise
Monday, January 29, 2018 Iraq will comply with the OPEC-led deal on reducing output even though Baghdad is working hard to increase its oil export capacity.
Abu Dhabi Gets Bids for Offshore Oil in Plan to Expand Capacity
Monday, January 22, 2018 Abu Dhabi's government oil producer received bids in the fourth quarter from international energy companies seeking stakes in offshore fields.
Iraq, BP Sign Deal To Boost Kirkuk Crude Output - Oil Ministry
Thursday, January 18, 2018 Iraq signs a memorandum of understanding with BP to boost production capacity from its northern Kirkuk oilfields.
Iran's Oil Production, Exports Not Impacted By Protests - Sources
Tuesday, January 02, 2018 Iran's crude oil production and exports have not been impacted by the unrest spreading across the country.
Iraq Oil Ministry Starts Taking Over Majnoon Oilfield Operations
Thursday, December 21, 2017 Iraq's oil ministry starts to take over operations of the Majnoon oilfield from Royal Dutch Shell.
DNO Triples Production at Peshkabir Field
Monday, December 11, 2017 Production from the Peshkabir field in the Kurdistan Region of Iraq's Tawke license has tripled to 15,000 barrels of oil per day.
Iraq Aims To Raise Rumaila Oilfield Output To 1.5 MMBpd In 2018
Wednesday, November 29, 2017 Iraq is planning to increase production from the giant Rumaila oilfield to about 1.5 million barrels per day (bpd) in 2018.
BLOG: Production Cut Extension at OPEC Meeting? Wouldn't Count On It
Wednesday, November 22, 2017 Rigzone readers aren't so confident that output cuts will be extended.
Officials: BP, Eni Interested In Developing Iraq's Majnoon Oilfield
Monday, November 20, 2017 BP and Eni are among companies that have expressed an interest in developing the giant Majnoon oilfield.
Saudi Energy Minister: Too Early To Make Assessment On Oil Output Cut
Thursday, November 16, 2017 Saudi Arabia's Energy Minister Khalid al-Falih says it was too early to make an assessment on a possible extension to global oil output cuts.
Eni Enters E&P Agreement for Block 52, Offshore Oman
Tuesday, November 14, 2017 Eni SpA enters into an exploration and production sharing agreement (EPSA) for Block 52, located offshore Oman.
OPEC Points To Larger 2018 Oil Supply Deficit As Market Tightens
Monday, November 13, 2017 OPEC raises its forecast for demand for its oil in 2018 and says its deal with other producers to cut output was reducing excess oil in storage.
Iraq Aims To Increase Kirkuk Oilfield Output To 1 Million Bpd
Monday, November 13, 2017 Oil minister Jabar al-Luaibi says Iraq plans to increase production from oilfields in Kirkuk to 1 million barrels per day.
Hail Oilfield Commences Production Offshore UAE
Wednesday, November 08, 2017 Production commences at the offshore Hail field.
Wintershall Confirms Protesters In Libya Demand Production Shutdown
Thursday, November 02, 2017 Wintershall confirms that protesters have demanded a shut down of some of the production from oilfields in its concession areas in Libya.
OPEC Oil Output Falls In October Led By Drop In Iraqi Exports
Tuesday, October 31, 2017 OPEC oil output fell this month by 80,000 barrels per day, a Reuters survey found.
Iraq's Kurds Resume Pumping Oil by Pipeline to Turkish Port
Monday, October 30, 2017 Oil exports resumed from Iraq's Kurdish region after halting earlier Monday.
Iraq Works With Kurdish Company to Help Restart Two Oil Fields
Wednesday, October 25, 2017 Iraq's North Oil Co. is working with the Kurdish Kar Group to resume pumping at two disputed oil fields.
OPEC Said to Work on Exit Strategy Alongside Cuts Extension
Tuesday, October 24, 2017 As OPEC negotiates the extension of its oil production cuts until the end of 2018, it's also quietly started working on an exit strategy.
OPEC Sends Strongest Signal Cuts Will Be Extended to End-2018
Thursday, October 19, 2017 OPEC sent its strongest signal yet that output cuts will be extended until the end of 2018.
Iraq Aims To Double Kirkuk Oil Output Capacity To More Than 1 MMbpd
Tuesday, October 17, 2017 Iraq plans to contract a foreign oil company to almost double the oil production capacity of the northern Kirkuk fields.
Iraqi Forces Seize Oil City Kirkuk From Kurds In Bold Advance
Monday, October 16, 2017 Iraqi government forces captured the major Kurdish-held oil city of Kirkuk, responding to a Kurdish referendum on independence.
OPEC Is Said to See Oil Inventory Glut Finally Gone in One Year
Thursday, October 12, 2017 OPEC expects its efforts to clear the surplus in oil inventories to finally succeed by the end of the third quarter of next year, say people familiar with the group's internal forecasts.
OPEC Again Raises Demand Forecast For Its Oil, Points To 2018 Deficit
Wednesday, October 11, 2017 OPEC forecast higher demand for its oil in 2018 and said its production-cutting deal with rival producers was getting rid of a glut.
How Deep Will Saudi Cut Its Oil Output? To the Lowest Since 2015
Tuesday, October 10, 2017 Saudi Arabia has promised to do 'whatever it takes' to end the global oil gut.
Iraq's Talks with Exxon on Southern Oilfields in Final Stages-Minister
Monday, October 09, 2017 Iraq's talks with Exxon Mobil to develop a multi-billion-dollar project to boost output from several southern oilfields are nearing completion, oil minister Jabar al-Luaibi said on Monday.
Iraq Hopes To Resume Production From Nineveh Oil Fields In Coming Months
Tuesday, October 03, 2017 Iraq Hopes To Resume Production From Nineveh Oil Fields In Coming Months
Fault at Israel's Tamar Gas Field Prompts Use of Dirtier Fuels
Friday, September 22, 2017 A fault in the supply of natural gas from Israel's only commercial field has forced Energy Minister Yuval Steinitz to authorize the use of alternative fuel sources to produce electricity.
Iraq's Kurds Seek Independence: What Impact for Oil Markets?
Thursday, September 21, 2017 At stake are the petrodollars that have helped sustain the Kurdish Regional Government's semi-autonomous rule after a budgetary deal with the federal government fell apart.
Shell Set To Draw Line Under A Century Of Iraqi Oil
Wednesday, September 13, 2017 Shell is set to end a century of oil production in Iraq by withdrawing from two of the Arab state's flagship fields to focus on more profitable gas development.
OPEC Expects Laggards To Comply More Fully With Oil Cut Pact
Tuesday, August 08, 2017 OPEC expects greater adherence to its pact with non-OPEC producers to cut oil output after two days of meetings in Abu Dhabi aimed at boosting compliance with the accord.
Iraq's Kirkuk Province Spurns Plan to Ship Its Oil to Iran
Thursday, August 03, 2017 Kirkuk refuses to cooperate with any plans to ship its oil to neighboring Iran because the central government didn't consult with it on the matter, Kirkuk provincial officials said.
Fars News Agency: Maersk Sees Up To 140,000 Bpd Potential For Iran Field
Tuesday, August 01, 2017 Maersk Oil has estimated potential output for the second phase of Iran's South Pars oil deposit at 120,000-140,000 barrels of oil per day, Fars News Agency reports.
OPEC Oil Output Jumps To 2017 High On Further Libya Recovery
Monday, July 31, 2017 OPEC oil output has risen this month by 90,000 barrels per day to a 2017 high, a Reuters survey finds.
UAE Pledges Further Oil Output Cuts Starting in September
Tuesday, July 25, 2017 The United Arab Emirates reiterated its commitment to the OPEC agreement on production cuts and said it would deepen its own curbs.
Saudi's Manifa Oilfield Producing, Not Affected By Technical Issue
Thursday, July 20, 2017 Saudi Aramco's Manifa oilfield, one of its largest, is producing and has not been affected by any technical issue, an industry source told Reuters.
OPEC Just Lost a Kitten From Its Unruly Herd of Cats: Gadfly
Tuesday, July 18, 2017 Saudi Arabia is having problems herding cats.
Libya's Humanitarian Situation Must Be Factor In Talk Of Curbing Oil Output
Monday, July 10, 2017 Libya's political, humanitarian and economic problems must be considered in any discussions about capping the country's rising oil production.
Saudi Aramco Says Oil Reserves Steady, Output At Record Ahead Of IPO
Thursday, July 06, 2017 Saudi Aramco says its crude oil and condensate reserves held steady last year despite record production.
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