Oil Prices Plunge $20 since October
Oil prices have dropped by more than $20 since October, falling to $66.5 per barrel from a peak of $86.7.
crude production | Egypt Oil & Gas - Part 2
OPEC Production Slips 80K b/d in October
Production disruptions in Iraq contributed to an overall decline in OPEC oil output during the month of October.
Shell Examines Nigeria’s Forcados for Reopening
The pipeline shutdown was due to the bombing incident that occurred in February 2016 by militant’s attacks. Prior to the attacks, Trans Forcados used to produce between 200,000b/d and 240,000b/d.
Iran’s Crude Output Reaches 3.9mb/d
Iranian Oil Minister, Bijan Zanganeh, indicated that Iran was closing in on its target of restoring output to the level of 4mb/d.
Nigeria to Grow Oil Output
Nigeria is planning new oil and gas policies aimed at attracting more private investors and boost crude production by 500,000b/d by 2020. The Federal government plans to list the Nigerian National Oil Corporation on ... Nigeria Boosted Oil Output in September
The Organization of Petroleum Exporting Countries (OPEC) showed that Nigeria’s crude oil output rose by 280,700b/d to 1.385mb/d in September.
Nigeria Earned $1.7b from Oil, Gas Exports in Q2 2016
Nigeria’s Federal Government earned $1.7b from oil and gas export during the second quarter of 2016, a 19.4% from the first quarter of the year.
Iraqi Oil Export Increased in July
Iraq's oil exports from its southern ports rose to 3.2mb/d on average in July, up from 3.175mb/d in June, as the Arabic nation increased crude production to bring in a $3.744b in oil export revenues.
Algeria’s Sonatrach Signs Deal with Japanese JGC Corporation
Sonatrach group inked a study, supply, construction and commissioning contract with the Japanese company JGC Corporation and JGC Algeria Spa. The planned revamping projects will enable the group to avoid a daily gas ...
