Libya Resumes Production at Messla Oil Field
Libya has restarted production at the Messla oil field with an output of 10,000 barrels of oil per day (bbl/d).
News / International
Chesapeake to Half Number of Active Rigs
Chesapeake Energy has announced its long-term plan amidst filing for bankruptcy and will operate half the number of active rigs in the second half of the year compared to Q1.
Libya’s NOC in Talks to Resume Oil Production
Libya’s National Oil Corporation (NOC) has confirmed negotiations are ongoing between the GNA, NOC and regional countries, under the supervision of the UN and the US to resume oil production.
Iraq’s Oil Exports Fall 9%, Still Exceeding OPEC Quota
Iraq’s oil exports fell by circa 9% or 310,000 barrels per day (bbl/dd) in June, meaning that Iraq has fulfilled about three-fifths of its pledge to the OPEC+ production deal
Ecuador Receives Bids for Sale of 3.6 MM BBL
Ecuador’s state-run oil company Petroecuador announced on June 29 that it had received bids from seven companies interested in buying a cumulative total of 3.6 million barrels (mmbbl) of Oriente crude by means of a spot-market tender launched earlier this week.
Brazil’s Buzios Field Achieves New Daily Production Record
Brazil’s state-run Petrobras has confirmed that deepwater Buzios oilfield’s platforms P-74, P-75, P-76, and P-77 have yielded an all-time record production.
BP Sells Petrochemical Business for $5 B
British Petroleum (BP) has announced the sale of its global petrochemicals business to INEOS for $5 billion as part of BP’s strategic reinvention.
Eni, NextChem to Develop Circular Gas Production Technologies
Eni and NextChem, the Maire Tecnimont Group’s subsidiary for green chemistry, will develop a new circular gas production in Taranto to strengthen their one-year partnership.
Gazprom Begins Construction of Ice-Resistant Platform
Russian state-run Gazprom has started construction for an ice-resistant platform (ICP), which will be used in the development of the kamennomysskoye-Sea field, at the shipyard of Southern Shipbuilding and Repair Center.
South Pars Exports 4.4 MM Tonnes of Oil
Pars Special Economic Energy Zone (PSEEZ) exported a total of 4.4 million tonnes of oil products from March to June.
