This weekend, rivalling officials at the National Oil Companies in Libya decided to close ranks in a bid to unify the country’s oil sector. Many senior officials in the country have said that – conditions permitting – Libya’s production could could be pushed past the 700,000-bopd. In Nigeria, production has recovered to some 1.8 million bopd, up from as low as 1.3 million bopd.
At the time of writing, the world’s two main crude grades, WTI and Brent, were trading at USD 48.00 and USD 49.84 per barrel, respectively.
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More
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