NOC Welcomes Lifting of Oil Blockade
Libya’s National Oil Corporation (NOC) welcomed the proposals from both Libya’s internationally recognized government and General Haftar’s government to end a seven-month oil blockade.
News / International
Iran Commences Gas Extraction from South Pars’ Third Platform
Iran’s largest gas field, South Pars, has commenced gas production at Platform 13C, the third platform of Phase 13, and has officially started sending feedstock to the refinery.
Petrobras Agrees to Sell 8 Onshore Fields for $94.2 MM
Brazil’s state-owned oil company, Petrobras, has announced it has reached an agreement with 3R Petroleum to sell its entire stake in eight onshore fields at Polo Rio Ventura.
PTTEP Awards Halliburton Digital Transformation Contract in Thailand
Halliburton, one of the world's largest international oil field service companies, has been awarded a contract by PTTEP to design and implement a series of digital transformation projects in Thailand.
Qatar Petroleum Enters Exploration Agreement in Angola
Qatar Petroleum (QP) has entered into a farm-in agreement with Angolan national oil company, Sonangol, and Total to acquire a 30% participating interest in Block 48, located in the ultra-deep waters offshore Angola.
Nigeria to Present New-look Gas Bill to Boost Output, Attract Investment
Nigeria’s oil ministry is set to release its long-awaited oil and gas reform bill to the president in an effort to boost output and attract foreign investment.
Wintershall Dea Achieves Production of 606,000 BBL/D in Q2 2020
Wintershall Dea, Germany's largest crude oil and natural gas producer, managed to achieve unaffected production levels of 606,000 barrels of oil equivalent per day (boe/d) in Q2 2020 despite the adverse impact of the pandemic.
OPEC+ Compliance Reaches 95% in July
Compliance with the Organization of the Petroleum Exporting Countries and allies’ (OPEC+) oil cuts has been assessed to be at a range of 95%-97% in July as demand shows signs of recovery.
NIOC Signs 13 Contracts Worth $1.78 B
The Iranian oil industry has signed 13 contracts worth roughly EUR 1.5 billion with 14 local firms to enhance and maintain oil production.
Production Capacity at South Pars Increased by 200 MCF
Iran’s largest gas field, South Pars, has increased its capacity by 200 million cubic feet (mcf) after the completion of phase 22’s three new wells becoming operational.
