Production
News
September 16, 2019
The list of countries that could boost production to offset losses from Saudi Arabia is not a long one, and much of their "spare" capacity may not be accessible.
News
September 16, 2019
Alberta Premier Jason Kenney says it’s likely his government will allow oil producers to exceed their provincially imposed output caps if they can ship those extra barrels by rail.
News
September 16, 2019
Saudi Arabia said preliminary findings show Iranian weapons were used in the attack on one of its key oil installations, but stopped short of directly blaming the Islamic Republic for the strikes that cut its crude output by half and rattled oil markets.
News
September 16, 2019
U.S. natural gas may be the loser as surging oil prices prompt fracers to step up production from shale fields, according to Goldman Sachs.
News
September 16, 2019
Saudi Aramco officials are growing less optimistic that there will be a rapid recovery in oil production after the attack on the giant Abqaiq processing plant, a person with knowledge of the matter said.
News
September 16, 2019
The attack on the kingdom’s most important oil production facility halved Saudi output and is crimping the availability of lighter grades such as Arab Extra Light and Arab Light. Those less-sulfurous grades are already in high demand due to new rules mandating a switch to cleaner shipping fuel.
News
September 15, 2019
Saudi Arabia is racing to restore oil production after a brazen drone strike on a key Aramco facility slashed its output by half, or about 5% of world supply, an assault that the U.S. has blamed on Iran.
News
September 14, 2019
Fires at the plant were brought under control within hours, but the flow of crude from Saudi Arabia, the world’s biggest exporter, will almost certainly be affected, although we don’t yet know by how much or for how long. Traders who have shrugged off tensions in the Middle East for months will respond to this attack when markets open on Monday.
News
September 14, 2019
Saudi Arabia’s oil production was cut by half after a swarm of explosive drones struck at the heart of the kingdom’s oil industry and set the world’s biggest crude-processing plant ablaze.
News
September 13, 2019
Since the launch of its strategy to revive global oil markets three years ago, one of the biggest challenges faced by OPEC and its allies is that not all the producers have pulled their weight.
News
September 12, 2019
Demand for the group’s crude in the first half of 2020 will be 1.4 MMbpd below its August output as production surges from their competitors, including the U.S.
News
September 11, 2019
Neptune Energy and Sonatrach announced first gas export production from the Touat gas development in Algeria. Touat will deliver around 75,000 boepd at plateau (around 450 MMscf gas.)
News
September 11, 2019
Ministers from OPEC+ are gathering in Abu Dhabi with deeper production cuts off the agenda for now, but with a backdrop of growing concern about the strength of oil demand as the global economy slows.
News
September 11, 2019
Egypt expects to begin receiving natural gas from Israel by the end of 2019, the oil minister said, fulfilling a $15 billion deal that will position the North African country as an energy re-export hub on Europe’s doorstep.
News
September 09, 2019
Mexico’s balanced budget for next year depends in part on its oil company boosting production by about 17%, something that the country hasn’t achieved in almost four decades.
News
September 09, 2019
Oil rose for a fourth day after Saudi Arabia’s new energy minister signaled that OPEC and its allies will continue with production cuts as the group prepared to gather in Abu Dhabi.
News
September 05, 2019
Lasser owns, maintains and licenses a nationwide U.S. well production database. The data will be added to TGS’ current Well Performance Database and provides TGS clients access to previously unavailable historical production data.
News
September 05, 2019
The Johan Sverdrup development continues to progress well through the final stages of preparation for operations. As a result, Equinor and its partners Lundin Norway, Petoro, Aker BP and Total, are accelerating the planned schedule for production start-up.
News
September 02, 2019
OPEC’s crude production rose last month, the first increase since the group and its allies started a new round of output cutbacks at the start of the year to shore up a weak global market.
News
August 30, 2019
Nigeria can easily boost its oil production next year to at least 2.5 MMbpd, according to the newly appointed head of the state oil company.
News
August 30, 2019
China Big Oil wrapped up a first half that rewarded exploration & production and punished refining.
