oil and gas production

Saudi Aramco Shuts its Subsidiary in Azerbaijan

Saudi Aramco has announced the liquidation of its subsidiary in Azerbaijan, Aramco Overseas Company Azerbaijan, according to NeftegazRU.

NOC Welcomes Lifting of Oil Blockade

Libya’s National Oil Corporation (NOC) welcomed the proposals from both Libya’s internationally recognized government and General Haftar’s government to end a seven-month oil blockade.

Libya’s NOC, Algeria’s Sonatrach Cooperate to Boost Production

Libya’s National Oil Corporation (NOC)’s Chairman, Mustafa Sanalla, met with Sonatrach’s Chairman and CEO, Rachid Hachichi, along with their respective delegations to discuss potential joint cooperation between the two-state oil firms, NOC said in a statement published on October 27.

ADNOC Awards Offshore Blocks to Eni, PTTEP

The Abu Dhabi National Oil Company (ADNOC) has awarded two offshore blocks to Eni and PTT Exploration and Production Public Limited (PTTEP) for oil and gas E&P.

Saudi Arabia Cut Aramco Income Tax

Saudi Arabia issued a royal decree to decrease the income tax paid by Aramco.

Sonatrach to Grow Output by 20%

Algerian state energy producer Sonatrach plans to increase output of natural gas and crude oil by 20% in four years until 2020 as new projects start up.

ExxonMobil Plans 16 New Oil, Gas Projects

Exxon Mobil Corporation expects to start up 16 major oil and natural gas projects during the next three years and is on track to increase daily production to 4.3 million oil-equivalent barrels by 2017, Rex W. Tillerson, chairman and chief executive officer, said today.

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