Tag: production
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Oil production in Nigeria is threatened with a loss of 4 million barrels
Oil production in Nigeria is set to drop dramatically in March 2023 and beyond, due to the recent bombings of a major pipeline in the Niger Delta region. A major export pipeline exploded in the oil-rich Niger Delta region, Thursday evening, March 2, 2023, killing 12 people and injuring others, according to the specialized energy…
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Russian refiners will not reduce their production despite the ban on diesel exports
Russian refining companies have fallen into a huge crisis, after Russian diesel has been included in the European ban list since February 5, 2023, as part of the tightening of sanctions imposed on Moscow. Although observers expect Moscow to resort to the option of reducing production in response to the sanctions, Russian companies will not…
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Shell shocks climate activists and backs off plans to cut oil production until 2030
Shell, one of the world’s largest oil and gas companies, has abruptly and disappointingly backed down from plans to cut oil production, to the disappointment of emissions reduction plans and environmental and climate activists. And the Anglo-Dutch company announced that it is entering a state of review of its current plan to cut oil production…
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Malaysia’s Petronas signs production sharing agreements in 9 exploration sites
The Malaysian company Petronas, which specializes in oil exploration and production, is looking forward to strengthening its local investment portfolio. What drives it to enter into new partnerships from time to time to carry out exploratory activities, and then raise its production, and eventually revive its treasury. Malaysia aims to put its oil and gas…
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Launching a plan to develop the Libyan oil sector to increase production to two million barrels per day (video and photos)
The head of the Libyan Oil Corporation, Farhat bin Qadara, announced the start of developing the strategic plan for the oil and gas sector in the country. Today, Wednesday, the KPC, in cooperation with the American Kearney Company, launched the development of the strategic plan for the sector, which includes the KPC and its subsidiaries.…
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The Kremlin reveals the position of OPEC + on the decision to reduce Russian oil production
Today, Friday, February 10 (2023), Kremlin spokesman Dmitry Peskov revealed that Russia held consultations with several countries in the OPEC + coalition regarding the decision to reduce Russian oil production. This denies previous statements, issued today, Friday, February 10 (2023) – also – that Moscow decided to cut production without consulting with the coalition countries.…
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Fuel supplies in France stop again. Electricity production drops 4%
Fuel shipments were halted in France on the third day of a national strike against pension reform, reigniting fears of a supply shortage, as the strike at refineries continued for 48 hours. The French energy company, Total Energy, said that shipments of oil products from French sites were halted due to the strike today, Tuesday…
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A new escalation threatens to stop Libyan oil production
The Italian Eni deal threatens to return the Libyan oil sector to the square it has suffered from for years due to the closure of ports and fields in light of the lack of political consensus in the country. A state of confusion and skepticism has not stopped since the head of the National Oil…
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An expected jump in Iranian oil production from 750 wells
Iranian oil received a new impetus as part of government efforts to boost production, in order to reach the target of 5.7 million barrels per day. Iran’s state oil company has awarded contracts worth $500 million to local companies to revive low-production oil wells in the country, according to the Iranian news agency Mehr. This…
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Oil production in Syria awaits the return of a British company
The British Gulf Sands Company denounced the “illegal” production of oil in Syria from its fields subject to force majeure 6 years ago, stressing that it has a plan to return again to the country. The company owns a 50% stake in Block 26, as its interests go back to before the war in Syria,…
