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Production News

Second Phase of Halfaya Project Becomes Operational
Iraq >> 8/20/2014 - On August 18, the second phase of CNPC's Halfaya Project in Iraq began to deliver crude oil. The second phase project, kicked off in April 2013, consists of a 272km-long transportation pipeline, a 5Mt...
Libya NOC Loads 1st Oil in a Year from Es Sider Port
Libya >> 8/19/2014 - Libya is due to start loading its first crude oil tanker from top port Es Sider on Tuesday following a year-long blockade by eastern federalists, a Libyan oil official and trading sources said. ...
Brent Falls Below $103 on Higher Libyan Output
Libya >> 8/18/2014 - Brent crude fell below $103 a barrel on Monday as Libya increased its oil output and as worries over supply from key producer Iraq eased. ...
KRG's Largest-Producing Field Working to Boost Output
Iraq >> 8/15/2014 - Oil production at Iraqi Kurdistan's largest-producing field is set to rise to as much as 140,000 barrels per day (bpd) by the end of the month despite the advance of Islamist militants, the general ma...
OGPar Informs the Production Numbers in July 2014
Brazil >> 8/15/2014 - Oleo e Gas Participaçoes S.A. informs to the market, in compliance with CVM's Rule 358/2002, Article 3, that its production for July 2014 reached a total of 473,731 of barrels of oil, of which 356,743...
First Oil Sails from Libya's Ras Lanuf
Libya >> 8/13/2014 - An oil tanker carrying 670,000 barrels of crude has left Libya's Ras Lanuf oil terminal, the first shipment since the port was reopened following a year of blockades by armed protesters, a spokesman f...
Citadel Exploration Announces New Field Discovery
India >> 8/13/2014 - Citadel Exploration, Inc. announce that its first well at Project Indian, the Indian #1-15, has been producing approximately six barrels of oil per day, over the past seven days. This is the first oil...
OMV Profits Drop as Libya Crisis Causes Higher Costs
Libya >> 8/12/2014 - Austrian oil and gas group OMV's underlying operating profit halved in the second quarter as an ongoing crisis in Libya forced it to raise production in higher-cost countries. ...
Libya Oil Production around 450,000 bpd
Libya >> 8/11/2014 - Libyan oil output is around 450,000 barrels per day, down from 500,000 bpd two weeks ago despite clashes between rival armed factions in Tripoli and Benghazi, a spokesman for Libya's National Oil Comp...
Iraq Oil Production Unaffected by IS Incursion
Iraq >> 8/9/2014 - Oil production from Iraqi Kurdistan remains unaffected despite an incursion by Islamic State militants along the autonomous region's border, its Ministry of Natural Resources said in a statement. ...
TAG Updates Production and Development Drilling Program
New Zealand >> 8/7/2014 - TAG Oil Ltd. is pleased to announce that the shallow development drilling program and production operations in the Taranaki Basin, New Zealand, remains in line with estimates for oil and gas productio...
KOC Signs Contracts for Construction of 3 GCs in Kuwait
Kuwait >> 8/6/2014 - KOC recently signed contracts for the construction of three Gathering Centers in its North Kuwait Operations Zone, which falls in line with ongoing plans to increase oil production in NK from 700,000 ...
First Oil Produced from Bonga North West Project
Nigeria >> 8/6/2014 - Shell’s deep-water subsidiary in Nigeria, Shell Nigeria Exploration and Production Company Ltd (SNEPCo) started oil production from the first well at the Bonga North West deep-water development off th...
Cooper Restors Production in Tangai-3 Well
Indonesia >> 8/6/2014 - Cooper Energy reports that the Tangai-3 workover operation in the Sukananti KSO in South Sumatra, Indonesia has been successful in restoring production to the well, which had been shut in by the field...
BG Group Profits Rise but Egypt Woes Weigh
Egypt >> 7/31/2014 - BG Group reported a rise in profits driven by stronger gas prices and sales but warned of dipping production later this year and risks to its operations in Egypt. ...
Eni Profits Fall as Libya Output Slows
Libya >> 7/31/2014 - Eni reported a 50.7 percent increase in second-quarter net profit on Thursday, which came in below expectations as output was affected by mounting instability in Libya. ...
Panyu 10-2/5/8 Project Starts Production
China >> 7/31/2014 - CNOOC Limited announced that its Panyu 10-2/5/8 project has commenced production. ...
OPEC oil output rises on fragile Libyan rebound
Libya >> 7/30/2014 - OPEC's oil production rose in July from June, a Reuters survey found on Wednesday, as a fragile recovery in Libyan supply outweighed fighting in Iraq and reduced output from Angola. ...
Algeria's Gas Role Questioned
Algeria >> 7/30/2014 - Algeria's role as a key supplier of natural gas to Europe should be reviewed given production declines, the European Council on Foreign Relations said Tuesday. ...
Lishui 36-1 Gas Field Starts Production
China >> 7/29/2014 - CNOOC Limited that the Lishui 36-1 gas field has commenced production. ...

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