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Egypt: Zohr gas field will produce 1 billion cubic feet per day by end-2017
Egypt has settled with Italy's Eni to start production of 1 billion cubic feet per day of gas at the Zohr gas field, the largest in the Mediterranean, by the end of 2017, according to the oil minister Tarek El Molla on Tuesday.
read more... 20/04/2016
Daily: Crude oil prices shed after Doha meeting failure
Crude oil prices shed on Monday after a plan by top oil producers to freeze production failed, but a Kuwait oil industry strike helped the market cut losses and rebound from the day’s lows. Brent closed down 19 cents, or 0.4 percent, at $42.91 a barrel. It had declined $3 earlier in the session. U.S. crude WTI slid 58 cents, or 1.4 percent, to settle at $39.78 a barrel, after falling to $37.61 at the day's low.
read more... 19/04/2016
Doha summit resulted in a deadlock after Iran’s last-minute decision to stay home
A summit in Doha between the top oil producing countries in the world ended without an agreement on Sunday, as country leaders failed to negotiate a production freeze intended to strengthen prices.
read more... 18/04/2016
Premier Oil confirms first production from Solan oil field in UK North Sea
Premier Oil has begun oil production from the $850m Solan field located in block 205/26a of production license P164 in the UK North Sea.
read more... 15/04/2016
Iraq raises its oil output to a record level ahead of Doha meeting
Iraq increased its crude output to a record level in March, ahead of the long-awaited April 17 meeting in Qatar where OPEC members and other producers may agree to cap production to curb a global glut, according to the state-run Oil Marketing Co.
read more... 11/04/2016