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Oil and Gas

04/09/2017 at 15:40h

Natural gas output breaks record

Production averaged 115 million cubic meters per day in July, exceeding the previous record from December 2016.

23/08/2017 at 18:28h

Petroleum agency issues pre-salt RFPs

Auctions for exploration and production sharing agreements in oil blocks will be held on October 27.

02/08/2017 at 19:41h

Enoc raises USD 500 million for expansion

The Dubai-based oil company took out loans with seven different banks to fund projects in the next five years.

01/08/2017 at 19:54h

Iraq oil exports reached USD 4.3 billion in July

The country shipped 100 million barrels of petroleum abroad last month, averaging 3.2 million barrels per day.

31/07/2017 at 16:07h

Pre-salt output surpasses post-salt’s

Volume extracted from the pre-salt on the Brazilian cost in June exceeded post-salt’s volume for the first time.

19/07/2017 at 20:17h

Algeria’s GDP increased 3.7% in Q1

The performance is attributed to the oil industry, which registered 7.1% growth in the same period. The country increased output and benefited from a higher average oil price.

17/07/2017 at 13:59h

Pre-salt drives up output to a record

Petrobras announced this Monday (17) an oil and gas output record in June, boosted especially by the pre-salt at the Santos Basin.

07/07/2017 at 16:44h

Petrobras starts selling assets in Paraguay

The state-run company is active in fuel distribution and sales, LPG and lubricants in the neighboring country, where it owns 197 service stations.

04/07/2017 at 16:58h

African bank funds oil project in Tunisia

The Africa Finance Corporation will lend USD 28 million to enable the start of production in the Halk El Menzel field, which is under concession to Tunisian company Topic.

03/07/2017 at 15:52h

Pre-salt drives oil output for 3rd year

Brazilian production averaged at 2.5 million barrels per day in 2016, up 3.2% from 2015. Exports reached an all-time high.

23/06/2017 at 07:00h

Oil agreement sees highest compliance level

The goal of slashing global output by 1.8 million barrels per day was exceeded in May. Opec members and non-members agreed to reduce supply in order to drive prices up.

19/06/2017 at 13:31h

Petrobras’ oil output up 4%

The state-owned company produced, on average, 2.18 million daily barrels per day in Brazil in May.