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.
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 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
WEG, a leading global manufacturer of motor and drive technology has developed variable speed drive systems to help with the extraction activities from some of Oman’s older gas fields.
Russia's oil output hits post-Soviet record with 10.73mb/d in 2015, up from 10.58mb/d in 2014, as small- and medium-sized energy companies such as Bashneft cranked up the pumps despite falling crude prices.
Libya's National Oil Corp. has formed a special committee to accelerate talks with protesters that may lead to reopening of El Sharara and El Feel oilfields.
The Libyan national oil company declared 11 oil fields nonoperational because of “theft, looting, sabotage and destruction” by “unidentified armed groups,” the company said in a statement late Wednesday.
Syrian government forces have managed to wrest full control of an oil field after they engaged foreign-sponsored terrorists in the crisis-stricken Arab country’s western province of Homs.