News / International

Iraq Began Oil Cuts

Iraq has begun implementing measures to reduce national oil output by some 200,000b/d, in keeping with an OPEC decision.

Vaalco Resumes Production at Avouma 2-H

Vaalco Energy restarted production at the Avouma 2-H well on the Avouma platform, offshore Gabon, after utilizing a hydraulic workover unit to replace a failed electric submersible pump (ESP) system.

Nigeria to Set Oil, Gas Free-zone in Akwa Ibom

Nigeria's federal government is to partner the Akwa Ibom State Government towards establishing an Oil and Gas Free Zone in the State.

Pancontinental to Pay Tullow’s Cash Call

Pancontinental Oil & Gas will pay $552,897 cash call made by Tullow Oil regarding the management costs of a license offshore Namibia.

Tema Oil to Refine TEN Crude

Tema Oil Refinery (TOR) is set to begin processing Crude oil from Ghana’s Tweneboah Enyerra Ntonme (TEN) field from early January.

Angola LNG Plant Resumed Output

The Angolan liquefied natural gas (LNG) export facility has resumed production after being taken offline in late December 2016.

Iran Denied Oil Pipeline Deal with Kurdistan

Iran has denied that it has reached an agreement with Kurdistan in Iraq for laying joint oil pipelines.

Lebanon Passed Oil, Gas Decrees

Lebanon's new government passed two decrees concerning oil and gas exploration blocks, meaning a tender process for offshore reserves, stalled since 2013, can begin.

Energean Closed Tanin, Karish Purchase

Israeli Delek Group stated that the transaction for the sale of all of the rights in the I/16 Tanin and I/17 Karish leases to Energean had been closed.

Saudi Arabia to Boost Oil Revenues by 46%

Saudi Arabia expects oil revenue to jump by 46% next year after a deal between the kingdom and other producers to curb output drove up global prices.

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