Libya Resumes Production at Sharara Oilfield After 4 Month Hiatus
Libya has started the gradual re-implementation of operations at the country’s huge Sharara oilfield following a four month illegal blockade.
News / International
Premier Oil Renegotiates Deal to Buy BP North Sea Assets
Premier Oil has managed to renegotiate with BP concerning their $625 million deal for the acquisition of North Sea oilfields.
Mexico Refuses to Join July’s OPEC Cuts
OPEC member Mexico has stated that it will not join other top oil producing countries in supporting further oil cuts in July.
OPEC Agrees to Prolong Record Oil Production Cuts to July
The Organization of the Petroleum Exporting Countries (OPEC) has agreed to extend record oil production cuts until the end of July.
Eni Creates New Business Structure for Energy Transition
Eni’s Board of Directors has approved a new business structure for the company, in which two new business groups were created: Natural Resources and Energy Evolution, which transform Eni into an industry leader in the energy transition.
Gazprom, RusGazDobycha Settle on Final Investments for Semakovskoye Gas Field
Russia’s energy giants Gazprom and RusGazDobycha have reached a final agreement decision on the development project for the Semakovskoye gas field.
Fujairah Oil Stocks Rebound to Record High
Oil product stocks have reached new record levels at the UAE’s East Coast Port of Fujairah due to an increase in heavy fuels used in marine and power industries.
Nigeria Begins Licensing Round for Marginal Oilfields
Nigeria has launched its first licensing for marginal oilfields for the first time since 2002 despite some legal complications.
Saudi, Russia Agree to Extend Oil Cuts
Saudi Arabia and Russia have agreed to extend the existing oil cuts by another month and intend to ramp up pressure on non-compliant oil producing nations.
Gazprom Signs Long-term Gas Supply Contract with Greece
Russian State-run Gazprom has signed a decade-long contract to supply Greece with natural gas running from 2020 to 2030.
