oil production | Egypt Oil & Gas - Part 26
Venezuela’s PDVSA to Securitize Oil Debts as Production Falls
According to the President of the Venezuelan state oil company PDVSA, Eulogio del Pino, who is also Venezuela’s Oil Minister, the company is currently in talks with other oil services companies to turn unpaid bills in...
Nigeria Boosts Oil Production to 1.9mb/d
Nigeria witnessed an increase in oil production from 1.6mb/d to about 1.9mb/d since any major pipeline attacks in the Niger Delta occurred and repairs on oil facilities were made, according to a state oil company̵...
Nigeria Has Third Highest Oil Production Costs
With a cost of oil production of $28.99 per barrel, Nigeria is now the world’s third most expensive country to produce oil in. The African country stands behind UK and Brazil, that produce a barrel of oil at $44...
Nigeria’s Avengers Demand Independent Mediators
The Niger Delta Avengers, a militant group that has carried out attacks on oil facilities in Nigeria’s southern oil region, said it would only negotiate with the government if independent mediators facilitated t...
Venezuela’s Orinoco Oil Belt Increased Oil Production
The Venezuelan Minister of Petroleum and Mining, Eulogio del Pino, has declared that the daily production of crude oil from Orinoco Oil Belt has increased from 20,000 to 30,000 b/d, thus benefiting the whole region, c...
Iraq Is Pumping More Oil Than Ever Before
Even as ISIS-fueled chaos grips parts of the Middle Eastern country, Iraq, the OPEC’s second-largest producer and which relies on oil to fund nearly its entire government, managed to increased its daily oil prod...
Nigeria Faces Problems over Oil Freeze Failure
A meeting held in Doha, Qatar, mid-April between the world’s biggest oil producers ended without a deal to freeze oil production, and this puts Nigeria and other cash-strapped oil producers in more trouble, acco...
Nigeria Needs to Increase Daily Crude Output
The Nigerian Association of Energy Economics (NAEE), an affiliate of the International Association of Energy Economics (IAEE), said that the country’s currently fluctuating oil production level of 2. 4mb/d may n...
