oil fields

  • Kuwait Makes Three New Oil Discoveries

    Kuwait Makes Three New Oil Discoveries

    Tuesday, 5th January 2021

    The Kuwaiti Minister of Oil, Electricity and Water, Mohammed Al-Faris announced the discovery of three new oil fields in different regions of the country for Kuwait Oil Company (KOC).

  • Rosneft to Sell Some of Russia’s Brownfields to Local Companies

    Rosneft to Sell Some of Russia’s Brownfields to Local Companies

    Wednesday, 2nd December 2020

    Sova Capital and BGS brokerages announced that Rosneft company plans to sell its old depreciated oil fields  to local companies.

  • Syria’s Raqqa Begins Restoring Destroyed Oil Fields

    Syria’s Raqqa Begins Restoring Destroyed Oil Fields

    Sunday, 20th October 2019

    The head of Al-Tabqah oil field management, Ali Ibrahim, said that the recovery works have started at liberated oil and gas sites in Raqqa province in northern Syria, as well as in the area between the governorate and Hama and Homs provinces, Citing Russia Today (RT) website.

  • Egypt’s Crude Oil Production to Increase 50,000 b/d YOY

    Egypt’s Crude Oil Production to Increase 50,000 b/d YOY

    Thursday, 22nd August 2019

    Crude oil production is targeted to reach approximately 710,000 barrels per day (b/d) by June 2020, up from 650,000 - 660,000 in H1 2019.

  • Algeria, Libya to Co-Manage Oil Fields on Borders

    Algeria, Libya to Co-Manage Oil Fields on Borders

    Tuesday, 16th January 2018

    Algeria’s Sonatrack has packed a deal with the Libyan National Oil Corporation (NOC) to jointly operate a number of crude oil fields located between the two countries’ borders.

  • Iraq to Boost Production of Southern Oil Field

    Iraq to Boost Production of Southern Oil Field

    Sunday, 11th June 2017
    Iraq will increase its oil production from one of its oldest oil fields in the south by 20.000b/d
  • Libyan Sharara, Wafa Fields Shutdown Again

    Libyan Sharara, Wafa Fields Shutdown Again

    Tuesday, 11th April 2017
    Libya's Sharara and Wafa fields have stopped producing for the second time just one week after a previous shutdown due to an attack from an unidentified armed group that blocked the pipelines on the 9th of April 2017.
  • Islamic State Set Fire to Iraqi Oil Wells

    Islamic State Set Fire to Iraqi Oil Wells

    Sunday, 4th September 2016
    Islamic State militants set fire to four oil wells in Qayyara, south of Mosul before abandoning the city in mid August.
  • Tunisia Records 8% Fall in Oil Production

    Tunisia Records 8% Fall in Oil Production

    Sunday, 31st July 2016
    The Tunisian Ministry of Energy and Mining has revealed that oil production dropped by 8.6% to 9.48m barrels, while that of natural gas dropped from 12.8% to slightly over 1.2mcm.
  • Chevron to Sell All Gas Stakes in Myanmar

    Chevron to Sell All Gas Stakes in Myanmar

    Tuesday, 19th April 2016
    Chevron has put all of its Myanmar gas block stakes up for sale, which at a combined likely valuation of $1.3, would be the biggest deal involving Myanmar assets to date, financial sources familiar with the matter