News / International
Sonatrach, Botas to Partner on Hydrocarbon Exploration
Sonatrach and Botas have signed an agreement to support the exploration of partnership opportunities in fields of common interest in the hydrocarbon chain in Algeria and Turkey
Angola Led Africa’s Oil Production
Angola will close 2016 as the lead oil producer in Africa, having surpassed Nigeria by reaching a daily average of 1.7m barrels.
Vaalco Restored Drilling Offshore Gabon
Vaalco Energy has reported that the South Tchibala 2-H well, offshore Gabon, is back in production after experiencing issues with the electrical submersible pump system.
NYSE Remains in The Running for Aramco IPO
Saudi Arabia is still considering New York Stock Exchange (NYSE) for a partial public stock listing of state-owned Saudi Aramco.
Iran Produced 4mb/d of Oil in September
Iran’s oil output, including gas condensate, stood at 4.170mb/d in September, about 870,000b/d more than September 2015.
Nigeria’s Oil Reserves Reached 27b Barrels
The Nigerian National Petroleum Corporation (NNPC) has announced that the country’s oil and gas reserves has increased to 37b barrels.
Jordan, Iraq to Fast-Track Pipeline Project
Jordan and Iraq met Baghdad to discuss the development of closer ties between the two countries, as well as the acceleration of the planned oil and gas pipeline.
Iraq, Kurdistan Confirmed Commitment to Output Cuts
Most international oil companies working in Iraq, along with the semi-autonomous region of Kurdistan, have agreed to cut crude output to fulfill an OPEC accord.
