More Oil Fields Close in Libya
Security disruptions continue to plague Libya’s oil production. The National Oil Company (NOC) has declared force majeure at two new oil fields.
News / International
Some Question Iraq’s Move to Change Oil Price Benchmark
Some refiners are expressing unhappiness with Iraq’s move to change its pricing mechanism.
Gazprom Neft: Testing LNG Production at Badra
Gazprom Neft announced that it has begun testing the production of liquefied natural gas (LNG) at its new gas plant located at the Badra field.
Sharara Offline Again, Sources Tell Reuters
After a temporary resumption of production on Tuesday, the Sharara oilfield is back offline, Libyan sources told Reuters
Russia, Iran to Begin Oil-for-Goods Swaps
Russia and Iran are on track to implement an oil-for-goods trade agreement.
Saudi Exports to China Rise in July
Saudi Arabian exports to China rose to nearly 946,000 barrels per day (d/b) during the month of July, a 3.7% increase from June.
Saudi Aramco Receives Bids for Gas Plant Upgrades
Several European and Asian engineering companies submitted bids to construct gas booster compressor stations at Saudi Aramco’s Haradh and Hawiyah gas plants.
KPC: Kuwaiti Oil Spill Contained
The Kuwait Petroleum Corporation (KPC) announced the containment of the oil spill that occurred off Kuwait’s southern coast.
Security Forces Open Sharara Pipeline
Libyan forces secured the Sharara-Zawiya pipeline on Tuesday, removing a key obstacle to production at the Sharara oilfield.
