Iraq’s Member of the Parliamentary Oil and Energy Committee, Ghalib Muhammad, is seeking to negotiate with the Organization for Petroleum Exporting Countries and its allies (OPEC+) a reduction in Iraq’s percentage of ...
Equinor is set to increase Johan Sverdrup field’s capacity to reach around 500,000 barrels of oil per day (bbl/d), a 30,000 bbl/d increase from its current capacity, according to a press release. Jez Averty, sen...
Libyan oil production has now reached a new high after the country recorded 1.215 million barrels per day (mmbbl/d), as the OPEC member’s oil industry recovers faster than expected, according to Reuters. This comes on...
The United Arab Emirates (UAE) has announced that the country’s crude oil reserves stood at 97.8 billion barrels of oil in 2019, according to WAM. On top of this, it was also revealed that the country’s producti...
Libya’s National Oil Corporation (NOC) has announced on November 7 that its crude oil production has reached 1,036,035 million barrels per day (mmbbl/d), according to a press release. This is a landmark production fi...
The Iranian Offshore Oil Company (IOOC) has introduced new measures in an attempt to enhance oil production at Forouzan offshore field, according to SHANA. Mohammad Hossein Karimiha, IOOC’s director of installation, m...
Canadian producers are rigorously producing extra crude in an attempt to try and offset a dire year for the Canadian oil industry, according to Reuters. This increase in production follows Alberta’s government decisio...
Brazil’s state-run oil company, Petrobras, has announced that production in 2020 should surpass previously disclosed estimates as production is ramped up at offshore oilfields, according to Reuters. The company expect...
General petroleum Company (GPC) has allocated EGP150 million for implementing 8-inches pipeline project to exploit gases produced from “North West” field in the Eastern desert, General Trade Union for Petroleum Worke...
Libya’s daily oil production continues to see a meteoric rise since the resumption of operations, with oil production rising to 500,000 barrels of oil per day (bbl/d), according to Bloomberg. The country’s biggest oi...