Production ///

Oil trades below $43 as Libya signals output rise at two fields

Oil traded below $43 as Libya signaled it may raise output and as fears eased that Russia would retaliate against Turkey for downing its jet near the Syrian border.

Oil pares weekly advance as global supply glut seen growing

Oil pared its first weekly gain in a month on signs the global surplus will expand and as the dollar increased, reducing demand for commodities as an investment.

Canadian energy companies seen disappearing in oil’s ‘new world’

Canada is poised to lose energy companies as the industry faces the “new normal” of lower and more volatile oil prices along with tougher climate and regulatory policies, billionaire investor Murray Edwards warned Friday.

Oil majors queue in Iran as $30 billion of projects in play

Total, Royal Dutch Shell and Lukoil are among international companies that have selected oil and natural gas deposits to develop in Iran as the holder of the world’s fourth-largest crude reserves presents $30 billion worth of projects to investors.

Biggest oil buyers pick themselves as winners from OPEC meeting

Oil buyers in Asia are sure of one thing as OPEC prepares to meet: They’ll emerge as winners from the group’s rift over production.

Oil falls as U.S. supplies weighed against drilling decline

Oil fell in New York for the first time this week as the U.S. supply glut weighs on prices after crude inventories rose for a ninth week.

Oil declines after U.S. crude stockpiles advance in ninth week

Oil retreated after a government report showed that U.S. crude, gasoline and distillate fuel stockpiles increased.

Crude storage tanks nearing their brim spur ‘super contango’

Surging U.S. crude stockpiles that have filled storage tanks near capacity are widening the discount on immediate oil deliveries.

Russia halts natural gas supplies to Ukraine as payments end

Russia halted natural gas supplies to Ukraine after its western neighbor said it wouldn’t buy more this year amid ample supply.

qedi wins commissioning contract from Apache North Sea

qedi, Amec Foster Wheeler's completions and commissioning provider, has been awarded a commissioning contract from Apache North Sea for the brownfield modifications on all their North Sea assets.

BG starts commercial operations from second train at Queensland Curtis LNG

BG Group has started commercial operations from the second train at its Queensland Curtis LNG (QCLNG) plant.

China oil giants seek asset sales as clock ticks to year-end

China’s biggest energy companies are seeking to unload assets and urging workers to cut costs in a last- minute rush to meet annual government-set growth targets as lower crude prices drag down earnings.

Ophir Energy said to receive merger interest amid oil slump

Ophir Energy Plc, the U.K. oil and gas explorer active in Africa, has received informal takeover and merger interest from several parties as a slump in crude oil prices forces independent operators to consolidate, according to people with knowledge of the matter.

Introducing the new OPEC member that likes lower oil prices

After defending the interests of oil- exporting nations for five decades, OPEC has made a surprising choice with its newest member: a country that consumes about twice as much crude as it pumps.

Egypt’s Zohr gas field could boost other east Mediterranean projects: GlobalData

With the giant Zohr gas field in Egypt expected to come online by 2018, and President Abdel Fattah Al-Sisi agreeing to remove any political obstacles to Eni commercializing the field, the stage is being set for a wider regional development plan catalyzing other projects in the east Mediterranean, according to GlobalData.

Repsol reports record production in Bolivia

Repsol chairman, Antonio Brufau, and the president of Bolivia, Evo Morales, have announced the conclusion of the third phase of the Margarita-Huacaya project, the field with the largest production in the history of Bolivia.

Electric fault curbs Alvheim FPSO production capacity

Production capacity at the Alvheim FPSO will be reduced for about four weeks due to an electric fault in the high voltage drive motor for one of the vessel's gas export compressors, Det norske oljeselskap said Tuesday.

Vaca Muerta shale to double production by 2018, Wood Mac says

Production from Latin America's premier shale play, the Vaca Muerta, is expected to double by 2018, according to a new development study by Wood Mackenzie. Argentina's massive play continues to be the most prospective tight oil play outside of North America.

OPEC seen holding the line as $40 crude looms over Vienna

It’ll take more than $40 crude to make OPEC change its mind, analysts said before the group’s Dec. 4 meeting in Vienna.

Oil bulls see little chance of help from OPEC as supply grows

Hedge funds are betting OPEC won’t do anything next month to keep crude oil above $40/bbl.