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Production News

Eni Resumes Production at the Goliat Field
Norway >> 9/27/2016 - Eni Norge resumed production on the Goliat field early Tuesday morning. Production was halted on August 26th caused by gas detection in an unwanted area, during a planned venting of gas, as part of a ...
Madagascar Oil Production Used as Feedstock for Power Plant
Madagascar >> 9/27/2016 - Madagascar Oil is pleased to announce the first utilization of Tsimiroro heavy fuel oil to the Mandroseza power plant, operated by Symbion Power. ...
UAE Says Backs Output Freeze to Support Oil Markets
United Arab Emirates >> 9/26/2016 - The United Arab Emirates would support a global oil freeze initiative to help support markets, its oil minister said ahead of a meeting of oil producers and consumers in Algeria. ...
Saudis Offer Oil Cut for Opec Deal if Iran Freezes Output
Saudi Arabia >> 9/23/2016 - Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its own output this year, in a major compromise ahead of talks in Algeria next week, three sources familiar with the discu...
Iraq Minister of Oil Directs to Make an Urgent Plan to Restart Kayiara Fields
Iraq >> 9/22/2016 - Mr. Jabbar A. Allibi the minister of oil directed the north oil company (NOC) to make an urgent plan to restart the work & production in Kayiara fields in Mosul after taking the control by the technic...
Enping 18-1 Oilfield Commences Production
China >> 9/21/2016 - CNOOC Limited announced that the Enping 18-1 oilfield has commenced production. The Enping 18-1 oilfield is located in the Pearl River Mouth Basin of the South China Sea with an average water depth of...
Expro Awarded $30m Production Contract in India
India >> 9/20/2016 - International oilfield services company, Expro, has been awarded a contract worth over $30m with the Hindustan Oil Exploration Company (HOEC) for the Dirok gas field in India. ...
New Fields to Boost Algerian Gas Output in 2017
Algeria >> 9/20/2016 - Algeria is on track for more than 9 billion cubic meters a year additional gas output next year when three delayed projects in its south west come online, a source at state energy company Sonatrach sa...
Statfjord Field Passes Historic 5 Billion Barrels
Norway >> 9/19/2016 - On Monday 19 September minister of petroleum and energy Tord Lien together with Statoil, Centrica and ExxonMobil celebrated the 5 billion barrels of oil equivalent delivered by Statfjord since first o...
Tethys Oil Increases Production in Oman
Oman >> 9/19/2016 - Tethys’ share of the production, before government take, from Blocks 3 and 4 onshore the Sultanate of Oman amounted in August 2016 to 387,174 barrels of oil, corresponding to 12,489 barrels of oil per...
Indonesia Targets 22% Rise in Crude Output from Cepu Block in 2017
Indonesia >> 9/19/2016 - Crude oil output from Exxon Mobil's Cepu block in Indonesia is targeted to reach 200,000 barrels per day (bpd) in 2017, the head of Indonesia's upstream oil and gas regulator said on Monday, up from a...
PDVSA Maintains Domestic Oil Production Using its Own Capacity
Venezuela >> 9/19/2016 - In a scenario of low oil prices, which has affected the investment capacity of oil companies worldwide, Petroleos de Venezuela, S.A. has managed to maintain production capacity in operational areas by...
Bolivia’s Incahuasi Field Brought into Commercial Production
Bolivia >> 9/16/2016 - A ceremonial event marking the start of commercial production from the Incahuasi field took place today in Bolivia near the city of Camiri. ...
Iran Wins Possibility for Increasing Oil Production, Exports
Iran >> 9/16/2016 - Majlis Research Center says increase in production and export of oil is possible for Iran. Oil condition in Iran is totally different with condition in the past years because this year, sanctions on t...
Total Looks Beyond Bolivia's Incahuasi to Regional Gas Market
Bolivia >> 9/16/2016 - Oil and gas giant Total could start the second phase of its Incahuasi gas project in Bolivia as early as 2017 if the right market conditions and incentives for investments are in place, the company's ...
Vaalco Continues to Experience Production Problems at Avouma
Gabon >> 9/15/2016 - VAALCO Energy, Inc. provided an operational update relating to its activities in Gabon. As previously disclosed, in late July the primary electrical submersible pump (ESP) failed in the Avouma 2-H wel...
KOGPC Output to Reach 1.5mbd
Iran >> 9/14/2016 - According to Head of Technical Affairs Department at Karoun Oil and Gas Producing Company, KOGPC's output will cross 1.5 million barrels per day by the end of the current Iranian calendar year. ...
Iran’s Oil Swap Deal with Total Imminent
Iran >> 9/14/2016 - Naftiran Intertrade Company Sŕrl (NICO) and France’s Total are about to sign an oil swap deal soon to resume shipments from Caspian Sea countries, an Iranian news agency says. ...
Iran has Right to Raise Oil Output
Iran >> 9/14/2016 - The Algerian energy minister has lent weight to Iran’s bid to regain market share through stepped-up oil production despite objections from Saudi Arabia. ...
Increased 2016 Production Guidance
Norway >> 9/14/2016 - Det norske oljeselskap ASA («Det norske») increases its production guidance for 2016 based on stronger than expected production from the Alvheim area. Det norske’s production (excluding effect of the ...

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