Oman’s daily oil production exceeded 1 MMbopd for first time

Oman succeeded reversing its oil output decline in 2008 by making new discoveries and using technology to improve recovery of oil from aging fields. Production increased from 710,000 b/d in 2007...

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Global Oil Demand Rising At Fastest Pace in 5 Years

A recent report by the International Energy Agency (IEA) has forecasts global oil demand rising at its fastest rate in five years in 2015. Despite this rise in demand, lower oil prices and spending...

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Iran: Oil production to hit 3.6mn bpd

Iranian Oil Minister Bijan Zanganeh has said Iran expects to raise oil output by 500,000 bpd as soon as sanctions are lifted and by a million bpd within months. A recent report issued by the...

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Egypt: Inauguration of the Newly expanded Suez Canal

Achieving one of his key goals, Egyptian President Abdel Fattah al-Sisi has succeeded in completing a major investment of $6 billion to extend the Suez Canal water way which allows larger amounts of...

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Libya: New Libya oil chief considers resuming exports at eastern ports

Libya pumped about 1.6 MMbpd of crude before the 2011 rebellion that ended Muammar Qaddafi’s 42-year rule. Output fell to a quarter of that level this year as militias affiliated with rival...

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Saudi Arabia: Aramco to raise oil extraction from giant Ghawar field

Oil-rich nations across the Persian Gulf are seeking ways to continue output from fields that are at least half a century old. While the industry average is for producers to recover about 35% of...

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An Era of Energy Insecurity: The Global Oil Market in its New Geopolitical Context

An Era of Energy Insecurity: The Global Oil Market in its New Geopolitical Context Dr. Pierre Noël Research Associate Electricity Policy Research Group (EPRG), University of Cambridge, United...

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Eni makes important tight gas discovery in the Egyptian Nile Delta

Eni has made an important gas discovery in the Nooros exploration prospect, located in the Abu Madi West license in the Nile Delta, 120 kilometers north-east of Alexandria, Egypt. Preliminary...

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Four workers kidnapped near Eni’s Mellitah oil and gas complex in Libya

The Italian Foreign Ministry (Farnesina) reported that four Italian construction workers were kidnapped near Eni’s Mellitahoil and gas complex on Sunday. The four men are employees of Bonatti, an...

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Siemens partners with Con Edison to install storm hardening system

Siemens is partnering with Con Edison, the utility that powers New York City, to install technology that will help keep Con Edison customers in sections of Lower Manhattan in service during severe...

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