Libya’s Oil Output Rises to 295,000 bbl/d
Libya, Africa’s largest oil-producing nation, has ramped up oil production to 295,000 barrels of oil per day (bbl/d) following the lifting of the blockade.
News / International
Noble Energy Shareholders Approve Chevron Merger
Noble Energy has announced that shareholders of the Company have approved the pending merger with Chevron Corporation.
Number of US Oil, Gas Rigs Rises for Third Consecutive Week
US energy firms have added oil and gas rigs for a third week in a row following oil price increases, something that has not been seen since October 2018.
Russia Oil, Gas Production Exceeds OPEC Pact
Russian oil and gas condensate production has edged to 9.93 mmbbl/d in September, slightly exceeding its Organization of Petroleum Exporting Countries’ (OPEC) quota.
Venezuela’s Oil Exports Rise in September
Venezuelan oil exports rose again for a consecutive month after customers aim to buy as much crude as possible from the sanctioned nation before the US ramps up sanctions.
OPEC’s September Output Rises for Third Consecutive Month
The Organization of the Petroleum Exporting Countries (OPEC) has seen output rise for the third consecutive month after the resumption of Libyan oil production and higher Iranian export levels.
ExxonMobil to Develop Payara Field Offshore Guyana
ExxonMobil has come to a final investment decision (FID) to proceed with developing the Payara field offshore project after receiving approval from the government.
CNOOC Commences Production at Jinzhou Oilfield
China National Offshore Oil Corporation announced on 28 September that Jinzhou 25-1 oilfield 6/11 area had commenced production.
Rosneft, Saudi Aramco Unlikely to Bid for BPCL
Two of the world’s largest oil giants, Rosneft and Saudi Aramco, are increasingly unlikely to bid in the privatization of Bharat Petroleum Corporation (BPCL).
South Pars’ Phase 12 Refinery Receiving 46 MCM/D
Iran’s landmark South Pars phase 12 refinery is now receiving in excess of 46 million cubic meters per day (mcm/d) of gas from platforms 22-24.
