Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its output at the current level 3.6mb/d, in a major compromise ahead of talks in Algeria by the end of September.
Ghana could become the fourth biggest oil producer in sub-Saharan Africa by 2020 once two new offshore fields come on stream, to push total output above 240,000b/d.
Upstream assets in Algeria, Iraq and Malaysia have pushed oil and gas production by Indonesia's Pertamina Internasional Eksplorasi and Produksi (PIEP) to surpass its target in 2016 by 15%.
The Iraqi Oil Marketing Company (SUMO) announced that the country's crude oil production in August remained steady at 4.638mb/d compared with 4.632mb/d in July.
Pipeline vandals and oil thieves have lost Nigeria 560,000 barrels of crude to the refineries as feedstock and 109m litres of petroleum products between January and May 2016. The country's national budget was based o ...
In light with the commencement of oil production at Ghana's offshore Tweneboa-Enyenra-Ntomme (TEN) field - that was initially discovered in March 2009 - The Ghana National Petroleum Corporation (GNPC) has been having ...