Oil product

Oil Field

SK Innovation’s Oil Exploration Subsidiary Continues to Expand Southeast Asian Businesses

SK Earthon's crude oil production platform operates at the Lufeng 12-3 oil site in block 17/03 located in South China Sea.SK Earthon, an oil exploration sub…

Crude Oil

UK’s Serica Energy Restarts Production at Triton Vessel

UK's Serica Energy (SQZ.L), opens new tab said on Tuesday that its Triton floating production storage and offloading (FPSO) vessel in the North Sea resumed …

Crude Oil

OPEC Oil Production Falls as UAE Leads Supply Cuts

Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) declined last month, as the United Arab Emirates (UAE) intensified supply…

Natural Gas

Canada’s Suncor Says Oil and Gas Production Rose in Fourth Quarter

Suncor Energy facility is seen in Sherwood Park, Alberta, Canada August 21, 2019.Canadian oil and gas company Suncor (SU.TO), opens new tab said on Monday it sa…

Crude Oil

Nigerian Govt Targets 3M Bpd Oil Production by 2025 – Lokpobiri

The Federal Government has announced plans to collaborate with the Nigerian Navy to achieve its target of 3 million barrels per day, bpd, in crude oil productio…

Oil and Gas Equipment

FPSO Atlanta to Start Production off Brazil in Coming Days

Brazilian oil and gas company Brava Energia has received the authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to start produc…

Canada

Coelacanth Energy Eyes Tenfold Increase in Oil Production in 2025

"We believe we're going to be able to create significant value over the next three to five years," said Rob Zakresky, president and CEO of Coelacanth Energy…

Libya

Libya’s Oil Production Surpasses Annual Target

The National Oil Corporation (NOC) announced that daily crude oil production has surpassed its annual target, reaching 1,405,609 barrels of crude oil and an add…

Iran

Iran Increases Oil Production by 250,000 B/D

Iran is increasing oil production by additional 250,000 b/d, ABC.AZ informs, quoting Iranian Oil Minister Mohsen Paknejad.At the end of November, Hamid Bovard, …

Crude Oil

Nigeria’s 2 Million Bpd Oil Production Target Under Threat

The Central Bank of Nigeria (CBN) has raised concerns about the ageing pipeline infrastructure and operational inefficiencies, identifying them as key factors r…

Brazil

Brazil Plans to Significantly Increase Oil Production by 2025

Brazil's oil production is expected to reach 3.6 million barrels per day (bpd) in 2025, up about 6 per cent from an accumulated average of 3.4 million bpd t…

Crude Oil

Hanwha Ocean’s Fixed Platfrom Achieves Early Oil Production

Hanwha Ocean, a shipbuilding unit of Korea’s Hanwha Group, announced Wednesday that its offshore oil platform began to produce crude oil two weeks before …

Crude Oil

Nigeria’s Crude Oil Output to Increase as Shettima Inaugurates $315M FPSO in Dubai

Nigeria’s crude oil production will rise by 30,000 barrels per day (bpd) as Vice President Kashim Shettima inaugurated Oriental Energy Resources Limited&r…

Crude Oil

Argentina to Eclipse Colombia as Oil Production Growth Continues

Crude oil production in the Vaca Muerta shale formation in Argentina is about to hit 1 million barrels per day this decade. The forecast came recently from Ryst…

Crude Oil

Oil Production Hits 1.7mbpd – FG

The Federal Government has declared that Nigeria’s oil production, including condensates, increased by 9.9 per cent to 1.69 million barrels per day in Nov…