Results 39 articles shown
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.
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.
Eni Starts New Production Well Offshore Angola
Thursday, January 24, 2019 Eni has launched a new production well in the Vandumbu field offshore Angola.
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.
Deepwater Nigeria Field Starts Production
Wednesday, January 02, 2019 Total reported Wednesday that it has achieved first oil from the deepwater Egina Field.
Total to Start Crude Exports From New Field Offshore Nigeria
Thursday, December 20, 2018 Total is poised to start exports of crude from a major new offshore field in Nigeria.
Offshore Angola Field Achieves First Oil
Monday, December 10, 2018 Eni starts oil production from the Vandumbu field in Block 15/06 offshore Angola.
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.
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.
Total Finds Congo Pleasant Surprise
Friday, October 26, 2018 Total's oil production in the Republic of Congo has exceeded expectations, a company official said.
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.
Plan Submitted for 2014's Largest Oil Find
Thursday, October 25, 2018 The development and exploitation plan for the SNE field offshore Senegal has been submitted on schedule to the government.
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.
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.
Senegal SNE Field on Track for First Oil
Tuesday, October 02, 2018 Senegal's deepwater SNE field is on track for first oil in 2022, Fitch Solutions Macro Research states in a new report.
First Oil Production Begins at Tortue Field
Wednesday, September 19, 2018 Panoro Energy announces that first oil production has started from the Tortue field, which is located within the Dussafu PSC offshore Gabon.
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.
ExxonMobil Says Blockade Threatens Production At Nigeria Oil Facilities
Tuesday, September 04, 2018 ExxonMobil says that a blockade by former employees threatens crude production at oil facilities in Nigeria.
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.
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.
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.
Total: Biggest Deep Offshore Development in Angola Starts Production
Monday, July 30, 2018 Total reveals that it has started production at Kaombo, which it describes as 'currently the biggest deep offshore development in Angola'.
Eni Starts Gas Production at OCTP Project Offshore Ghana
Thursday, July 05, 2018 Eni starts gas production from the Sankofa field in Ghana, which is part of the Offshore Cape Three Points (OCTP) integrated oil and gas project.
Tullow Ups 2018 Output Forecast, Provisions For Seadrill Claim
Thursday, June 28, 2018 Tullow Oil raises its 2018 production outlook to 86,000-92,000 barrels of oil per day from 82,000-90,000 bopd.
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.
Official: Italy's ENI On Track To Double Ghana Gas Output
Friday, June 08, 2018 ENI is on track to deliver the first gas from its Ghana operations this month.
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.
Production Vessel at Ghana's Jubilee Oilfield to Shut Temporarily
Monday, May 21, 2018 The production vessel at Tullow's flagship Jubilee oilfield off Ghana's west coast will shut down next week for 21 days while it undergoes repairs, the country's power utilities said.
Eni Completes Angola Deep Offshore Field Ramp-up
Wednesday, May 09, 2018 Eni SpA completes the ramp-up of the Ochigufu field, located in Angola's deep offshore.
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.
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.