OPEC+ Alleviates Oil Production Cuts to 7.2 mmbbl/d
The OPEC and non-OPEC countries agreed to adjust oil production by 0.5 mb/d from 7.7 mb/d to7.mb/d, during its meeting held on Thursday.
oil production | Egypt Oil & Gas - Part 9
Iraq Seeks Negotiation with OPEC+ If Cuts Extended
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 ...
Equinor to Increase Production at Sverdrup to 500,000 bbl/d
The Johan Sverdrup field is set to increase capacity to reach around 500,000 barrels of oil per day (bbl/d), a 30,000 bbl/d increase from its current capacity.
Libya’s Oil Production Exceeds 1.2 mmbbl/d
Libyan oil production has now reached a new high after the country recorded 1.215 million barrels per day (bbl/d), as the OPEC member’s oil industry recovers faster than expected.
UAE Crude Reserves Record 97.8 B bbl
The United Arab Emirates (UAE) has announced that the country’s crude oil reserves stood at 97.8 billion barrels of oil (bbbl) in 2019.
Libya’s Oil Production Exceeds 1 mmbbl/d
Libya’s National Oil Corporation (NOC) has announced on November 7 that the crude oil production has reached 1,036,035 mmbbl/d.
IOOC Aims for Enhanced Productivity at Forouzan Field
The Iranian Offshore Oil Company (IOOC) has introduced new look measures to try and enhance oil production at Forouzan offshore field.
Canada Ramping Up Production to End Year on a High
Canadian producers are rigorously producing extra crude in an attempt to try and offset a dire year for the Canadian oil industry.
Petrobras Expects Higher 2020 Output Than Previously Predicted
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.
GPC Allocates EGP150 Million for “North West” Pipeline Project
General petroleum Company (GPC) stated that it allocated EGP150 million for implementing 8-inches pipeline project to exploit the produced gases from “North West” field in the Eastern desert.
