Stories tagged “Oil Production.”
6 stories
Iraqi Prime Minister Ali Faleh Al-Suleiman announced a political agreement on arms control, with the government working to implement a plan to hand over weapons to the state. The government also plans to increase oil production, with a goal of reaching 8-10 million barrel…
SLB Prepares to Restart 15 Oil Rigs in Venezuela
SLB is preparing to restart 15 oil rigs in Venezuela, a move that could boost the country's oil production. The company has signed deals with SLB and Hunt to boost production.
Libya Seeks Up to $40 Billion to Boost Oil Output to 2 Million Bpd
Libya is reportedly seeking up to $40 billion in investment to significantly increase its crude oil production capacity to 2 million barrels per day (bpd).
Venezuela’s Oil Production Grows at a Crucial Time Despite Challenges
Venezuela's oil production has grown at a crucial time despite challenges. The country's oil exports have fallen, but the US has seen a seven-year high in oil shipments from Venezuela.
Pakistan Partners with Canadian Firm to Boost Domestic Heavy Crude Output
Pakistan has partnered with a Canadian firm to boost its domestic heavy crude output. The partnership aims to increase the country's oil production and reduce its reliance on imports. The Canadian firm will provide technical expertise and equipment to help Pakistan increa…
International oil companies operating in Iraq's Kurdistan Region have paused production due to escalating violence between Iran and the United States. The decision follows the deaths of two US service members in an Iranian attack on Jordan.