Production ///

Trudeau’s pipeline expansion gets boost from court ruling

Prime Minister Justin Trudeau's bid to complete the controversial Trans Mountain pipeline expansion has received a British Columbia top appeals court ruling that states that the province doesn’t have the jurisdiction to restrict shipments of oil-sands crude.

Oil spiraled to its worst daily performance of 2019 as trade turmoil swamps confidence

Futures in New York fell almost 6% on Thursday for the steepest decline since Dec. 24.

Angola poised for South African energy expansion

As Angola works in attracting foreign investors from the Americas, Europe, the Middle East and Asia, its closest African neighbors are also entering the race to tap into vast investment opportunities in Africa’s second biggest oil producing market.

Guyana investigating offshore leases controlled by Exxon, Tullow

Guyana’s anti-corruption agency is investigating how leases were awarded in its deepwater oil region, including those controlled by Exxon and Tullow.

Shell starts production at Appomattox in the GOM

Shell has started at the Appomattox FPSO system months ahead of schedule, opening a new frontier in the deepwater U.S. Gulf of Mexico.

Norwegian production figures show decrease in condensate

Preliminary production figures for April 2019 show an average daily production of 1,729,000 bbl of oil, NGL and condensate, which is a decrease of 24,000 bpd compared to March.

Oil holds gain as OPEC signal on output cuts counters trade risk

Oil held gains on signs that OPEC and its allies will extend production cuts beyond June, while prices remained capped by worsening trade relations between the U.S. and China.

South Africa searches for partners for South Sudan oil block

South Africa’s Strategic Fuel Fund is welcome to bring in partners to help it execute a $1-billion agreement to drill for oil and build a refinery and pipeline in South Sudan, the central African nation’s oil minister said.

U.S. Administration lifts Section 232 steel tariffs on Canada and Mexico, API responds

API released the following statement on the Administration’s decision to lift tariffs on steel and aluminum imports under Section 232 on Canada and Mexico

Venezuela falls to fourth-largest oil producer in Latin America

Venezuela, which sits atop more oil than Saudi Arabia, has fallen behind three other Latin American countries as years of mismanagement and lack of investments take its toll.

Vallourec launches its Open Innovation platform to create new partnerships with innovative companies

Vallourec launches its Open Innovation platform to create new partnerships with innovative companies

Nigeria's economic growth slows after oil sector loss

Nigeria’s economic growth slowed in the first quarter after the oil sector, the country’s biggest foreign-exchange earner, contracted.

U.S. natural gas and oil industry turns in strong April performance

The American Petroleum Institute’s latest Monthly Statistical Report (MSR) shows U.S. crude oil production sustained a record-tying 12.1 MMbopd in April 2019 while total petroleum demand was the highest for the month since 2007 at 20.2 MMbpd.

Gazprom Neft produces its two-millionth ton of oil in Kurdistan, Iraq

Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has produced its two-millionth ton of oil since starting commercial production at its Sarqala field in the Kurdsitan Region of Iraq.

OPEC+ grapples with Iran crisis as ministers meet in Jeddah

When OPEC meets in Jeddah, their conversation will focus on Iran.

UAE won't be baited into Iran crisis as tensions mount

The UAE “won’t jump the gun” and accuse Iran of sabotaging ships off its coast, as rising tensions in the Persian Gulf stoke concerns the region is teetering on the brink of another war.

Saudi Arabia has restarted oil pipelines after Iran-backed rebel attack

Saudi Arabia restarted its main cross-country oil pipeline after a drone attack by Iran-backed rebels that halted the link and escalated tensions in the world’s largest oil-exporting region.

Russia aiming to share Saudi output hike as OPEC+ meets

Russia will join the OPEC+ talks this weekend having fulfilled its pledged production cuts, but keen to secure a share of any potential output increase.

Latest Permian basin oil supply surge to feed global markets

Exports of the Permian basin’s newest kind of oil are set to jump as production surges, exceeding the appetite of U.S. refiners.

Schlumberger selects Google Cloud as a preferred cloud provider

Schlumberger has announced that it has renewed and significantly expanded its agreement with Google Cloud to develop cloud-native E&P applications to help its customers derive actionable insights from data and harness the power of Google’s cloud infrastructure and artificial intelligence (AI) capabilities.