Libya’s Production Increases to 500,000 BBL/D
Libya’s daily oil production continues to see a meteoric rise since the resumption of operations, with oil production rising to 500,000 barrels of oil per day (bbl/d).
News / International
Neptune Energy Adopts Halliburton’s Cloud Technology
Neptune Energy has announced it will adopt Halliburton’s DecisionSpace 365 well construction suite of cloud applications to consolidate all global drilling and wells activities and to improve efficiency and significantly reduce non-productive time.
Pemex Expects Production to Rise to 2.3 mmbbl/d
Mexican state-run oil company Pemex expects to steadily increase liquids production over the next few years to reach 2.296 million barrels per day (bbl/d) by the end of 2024.
Dana Gas Signs $90 MM Corporate Facility Loan
Dana Gas, the Middle East’s leading regional private sector natural gas company, has entered into a US$90 million corporate facility from Mashreq Bank.
Novak: OPEC+ Set to Relax Oil Cuts As Planned
Russian Energy Minister Alexander Novak announced on 14 October that the OPEC+ group of leading oil producers will start easing output curbs as planned despite a global spike in coronavirus cases.
Global Oil Demand Forecast Cut Again by OPEC
The Organization of Petroleum Exporting Countries (OPEC) has further curtailed its expectations for the rebound of world oil demand in 2021.
Qatar Petroleum Secures Long-term Storage Capacity in UK
State-run Qatar Petroleum (QP) has entered into a long-term agreement with the UK’s National Grid Grain LNG for liquified natural gas (LNG) and regasification capacity.
Iraq Discusses Natural Gas Opportunities With BP
The Iraqi Oil Minister, Ihsan Abdul-Jabbar Ismail, stressed on 13 October the importance of expediting plans for gas investment associated with oil operations in Al-Rumaila oil field.
ConocoPhillips in Negotiations to Make Bold Shale Move
American supermajor ConocoPhillips is in talks to acquire rival shale company, Concho Resources, in what represents a bold bet during a time when the industry is in a historically low period.
China’s Crude Import Rise 2.1% in September
China’s crude oil imports rose 2.1% in September month-on-month (MoM) as delayed cargoes finally cleared customs after months of port congestion cleared and onshore storage capacity was increased.
