Oil | Egypt Oil & Gas - Part 27
Greece’s Sole Oil Producer Increase Output by 30%
Greece's sole oil producer, Energean Oil & Gas, has stepped up daily production by about 30% since January, as the debt-ridden country seeks to tap into its limited oil reserves.
Royal Dutch Shell Cuts Spending after Profits Fall
Royal Dutch Shell will cut its spending by another 10% this year as it warned lower oil prices were continuing to affect its business. The company said it would reduce investment to $30b from a planned $33b.
Nigeria Starts Crude Oil Production in Lagos
A Nigerian firm had its first oil production from an offshore field in the commercial city of Lagos, which is the first output outside the country’s oil hub in the Niger delta.
UN Blacklisted Eastern Libyan Tanker
A tanker with oil from eastern Libya returned with its cargo to the North African country after the United Nations blacklisted the shipment, amid an escalating struggle between the nation’s rival governments for cont ...
Malta Bars Entry to East Libya’s Oil Tanker
Malta barred entry to a tanker containing the first oil cargo shipped by the government in eastern Libya since the country with Africa’s biggest crude reserves split into competing power centers in its east and west.
Nigeria to Track Trucks as Fuel Stolen During Shortages
Nigeria is planning to plant tracking devices on trucks as nearly a third of the country’s fuel supply is being stolen in the midst of crippling shortages in Africa’s largest oil producer.
Angola Reaching Oil&Gas Production Targets
Angolan state oil company Sonangol has found oil and natural gas reserves in the basins of the Kwanza and Congo rivers that may total 2.2b boe. The reserves, if they are confirmed, are sufficient to produce 2mb/d for ...
IEA: Russia, Saudi Arabia to Pump As Much Oil As Possible
The head of the Oil Industry and Markets Division at the International Energy Agency (IEA) told CNBC that he believed both Russia and Saudi Arabia will continue to "pump as much oil as possible."
