Results 34 articles shown
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.
Angolan Deep Offshore Field Starts Oil Production
Friday, March 16, 2018 Eni and Sonangol commence oil production from the Ochigufu project, located in Block 15/06 of Angola's deep offshore.
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.
Fortuna Project Could Produce First Gas by Early 2022
Wednesday, March 07, 2018 Ophir Energy confirms that the Fortuna project, located offshore Equatorial Guinea, could produce first gas by early 2022.
Africa's Top Oil Producer Poised to Give OPEC an Output Headache
Thursday, February 15, 2018 Add independent Nigerian drillers to the list of oil producers itching to supply more crude at a time when OPEC and allies are trying to restrict output.
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, Kosmos Move Closer To Senegal And Mauritania Offshore Project
Monday, February 12, 2018 BP and Kosmos Energy move closer to approving development of the Tortue natural gas field offshore Mauritania and Senegal after the two West African countries agreed to split production.
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.
Maersk Drilling Secures 4-Year Contract with Tullow Ghana for Drillship
Wednesday, January 03, 2018 Maersk Drilling secures 4 year contract for the Maersk Venturer deepwater drillship.
Onshore Cameroon Well Flow Test 'Very Encouraging'
Friday, December 22, 2017 Victoria Oil & Gas Plc reveals that flow testing of the La-108 well, located onshore Cameroon, has been 'very encouraging'.
Australia's FAR Expects 1.1B Barrels Of Oil From Gambian Blocks
Tuesday, November 21, 2017 FAR Ltd says an independent study of 2 of its offshore blocks in West Africa's Gambia found potential for a total of 1.1 billion barrels of oil.
Kosmos Expects To Resume Drilling On Ghana's TEN Project In Early 2018
Monday, November 06, 2017 Kosmos Energy Ltd expects to resume development drilling on Ghana's multi-billion dollar TEN deepwater oil and gas project in early 2018.
Equatorial Guinea Takes Steps to Stem Oil-Output Decline
Tuesday, October 24, 2017 Equatorial Guinea, OPEC's newest member, is taking steps to stem the decline in its oil production.
Ivory Coast 2017 Crude Oil Output Seen Rising Slightly To 40,000 Bpd
Monday, October 23, 2017 Average crude oil output for Ivory Coast in 2017 revised to 40,000 barrels a day, Energy and Petroleum Minister Thierry Tanoh says.