Iraq Oil Exports in October Rise by 9% MoM
Iraq, OPEC’s third-largest oil producing nation, increased its exports to 2.876 million barrels per day (mmbbl/d) in October up from 2.613 mmbbl/d in the previous month.
News / International
Shell Acquires Full Control of Chinese JV
Royal Dutch Shell has acquired full control of a joint venture (JV) in China pertaining to gas stations in an effort to double down on the Chinese fuel retailing market.
Canada Ramping Up Production to End Year on a High
Canadian producers are rigorously producing extra crude in an attempt to try and offset a dire year for the Canadian oil industry.
Sonangol Reaches Final Investment Decision for Cabinda Oil Refinery
The Angolan state oil company, Sonangol, has reached a final investment decision (FID) for the construction of the Cabinda oil refinery in Angola.
US Oil Output Falls 3.6% in August
US oil output fell 3.6% to 10.6 million barrels per day (mmbbl/d) in August as the offshore Gulf of Mexico production collapsed to a near seven-year low.
Tethys Oil Acquires Majority interest in Oman’s Block 56
Sweden’s Tethys Oil has Acquired a majority interest in Block 56, an onshore concession located in the southeastern part of the Sultanate of Oman.
Wintershall Transfers Operatorship of Sirte Basin to SOO
Wintershall Dea affiliate, Wintershall Aktiengesellschaft (WIAG), has transferred operatorship of Contract Areas 91 and 107 on the onshore Sirte Basin to Sarir Oil Operations (SOO).
Venezuelan Crude Inventories Surge as Sanctions Loom
Crude inventories at Venezuela’s export terminal, Jose, have surpassed their highest levels since August due to customers' fears over sanctions deadlines.
Lundin Energy Receives Drilling Permit in the North Sea
The Norwegian Petroleum Directorate (NPD) has issued a drilling permit to Lundin Energy Norway AS for well 16/4-12.
ADNOC Awards Onshore Field Contracts Worth $324 MM
The Abu Dhabi National Oil Company (ADNOC) has awarded a spree of onshore field contracts worth $325 million to enhance onshore field operations and enhance efficiencies.
