Exxon Mobil Corporation said that its subsidiary, Esso Exploration and Production Nigeria Limited, has started oil production ahead of schedule and under budget at the Erha North Phase 2 project offshore Nigeria.
Angola's Oil minister, Botelho de Vasconcelos, urged that his country's petroleum sector show a greater commitment with a view to meeting the new challenges of the oil industry
Barclays Plc has warned that Iraq’s oil production is at risk for the upcoming winter when “loading problems” emerge and reduce output by 300,000 to 500,000 b/d