Tag Archives: Production

In 2012. Saudi Aramco production was locked down during the disk-wiping Shamoon incursion.

The Aramco board meets next in early May in Houston. where they will review the latest IPO developments.

U.S. President Donald Trump has until May 12 to decide whether to restore the sanctions on Iran that were lifted after an agreement over its disputed nuclear programme.

Iran'.s oil and gas condensate exports rose by 1.018 million barrels a day to 2.418.000 barrels per day after implementation of the deal.

Libya’s national production rose to above 1 million bpd last year after long-term blockades of ports and pipelines ended.

The deals conclude ADNOC Offshore'.s round of concession stake awards. raising the total value close to $8bn.

The project. which has generated a large number of jobs in the area. is hoped to develop agriculture and industries.

While plunging output in Venezuela captures the oil world’s attention. problems are quietly festering in another OPEC nation.

Surging U.S. production. which rose to 10.59 million bpd last week. has encouraged record-high U.S. exports.

BP signed a major exploration deal in Libya in 2007 but put its onshore plans on hold in 2014 because of security concerns.