The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact
crude oil
Posted inDRILLING & PRODUCTION
Iran ready to ‘rapidly’ ramp up production capacity and boost exports
Iran’s president said that the country was ready to “reach full export capacity”
Posted inDRILLING & PRODUCTION
Libya NOC to power Obari plant with gas instead of oil
The switch is supposed to increase efficiency while reducing emissions, and would save 15,000 barrels per day of oil which could be sold internationally
Posted inDRILLING & PRODUCTION
OPEC oil production dropped by 751,000 bpd in December 2018
Non-OPEC supply increased by 40,000 bpd in December 2018, mostly led by the Americas
Posted inDRILLING & PRODUCTION
Wood Mackenzie outlook: OPEC producers key to world supply through to 2040
In its Macro Oils Long-Term Outlook H1 2018, Wood Mackenzie said it expects the US Lower 48 to enjoy continued growth through the medium term, with its crude and condensate production reaching a plateau of over 11mbpd in the mid to late-2020s.
Posted inDRILLING & PRODUCTION
Aramco rebalances its Asia crude oil pricing marker
Saudi Aramco’s long-standing price marker was the average of Platts Dubai and Platts Oman assessments. The company’s new Asia marker will replace Platts Oman with Dubai Mercantile Exchange (DME) Oman effective 1 October 2018.
Posted inExploration
NPCC wins EPC contract for full development Bu Haseer field from ADNOC’s Al Yasat
The agreement covers engineering, procurement, construction, and commissioning activities for offshore facilities, which will see production capacity from the Bu Haseer field increase from today’s 8,000bpd to 16,000bpd in 2020.
Posted inProducts & Services
US, Russia to spend $88.4bn and $78.8bn respectively on new pipelines, says GlobalData report
GlobalData’s report – ‘Global Planned Pipelines Industry Outlook to 2022’ – forecasts that the global planned natural gas pipeline length will grow to 153,902km by 2022.
Posted inNews
Iran crude oil exports to Japan up 28%
Exports have increased by more than 28% in October compared to the same period last year
