oil production | Egypt Oil & Gas - Part 29
Libya To Boost Production to 180,000 b/d From Sarir, Messla Fields
Libya aims to boost production at the southeastern Sarir and Messla oilfields feeding the Hariga terminal to 180,000 barrels a day, a spokesman for the state operator said on Wednesday. Libya has restarted both fields...
Saudi Crude Exports Decline from December Peak
Opec heavyweight Saudi Arabia’s crude oil exports dropped in December by 362,000 b/d to 6.934 million b/d from 7.296 million b/d in the previous month, official data showed on Wednesday. In December, the kingdom...
Khamenei Lashes Out at Sanctions, Threatens Export Response
Iran’s Ayatollah Ali Khamenei warned that the OPEC member will stop exporting oil and natural gas if international sanctions against it stay in place, the official IRNA news agency reported, citing a speech he made in...
Oil Prices Rise as Signs Companies Cut Production
Oil rose again Tuesday as oil giant BP announced plans to cut exploration spending, another sign that the recent plunge in prices will lead to cuts in global production. U.S. oil rose $1.60, or 3.2 percent, to $51.17 ...
Rival Minister: Libya Producing 363,000 b/d of Oil
Oil output from Libya, where ports and oilfields have been shut due to fighting, has fallen to 363,000 barrels a day with exports at about 200,000, the oil minister appointed by forces in control of the capital Tripol...
Jericho Further Invests in Oklahoma
Jericho Oil Corporation announced it signed a letter of intent to purchase a 50 percent working interest in 2,050 acres of land in Oklahoma, according to a press release. The new land will bring Jericho’s acreag...
ExxonMobil Begins Production in Far East Russia
Exxon Mobil Corporation announced yesterday that production has begun at the Sakhalin-1 project’s Arkutun-Dagi field – the last of the three fields to be developed. Peak daily production from the field is expected to ...
Record Output from Offshore Thailand Oilfield
Oil production from the Salamander Energy-operated Bualuang field in the Gulf of Thailand averaged 15,000 b/d during the second half of 2014. This followed the completion of a sequence of wells in the T4, T2 and T5 re...
