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The latest upstream oil and gas news from around the world.

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Turkey Warns Iraq Kurds It Can 'Close the Valves' on Oil Exports

Mon, 25 Sep 2017 00:00:00 GMT

Turkey can choose to 'close the valves' on oil exports from Iraq's Kurdish region through the Turkish port of Ceyhan, President Recep Tayyip Erdogan warned as Kurds voted.

Total Extends 5% Annual Oil Output Growth Target

Mon, 25 Sep 2017 00:00:00 GMT

Total extended its 5% annual average oil production growth target until 2022.

Nigeria's NPDC Says To Raise Output To 300,000 Bpd By 2018

Mon, 25 Sep 2017 00:00:00 GMT

The main subsidiary of Nigeria's state oil company says it planned to increase production from fields.

Fault at Israel's Tamar Gas Field Prompts Use of Dirtier Fuels

Fri, 22 Sep 2017 00:00:00 GMT

A fault in the supply of natural gas from Israel's only commercial field has forced Energy Minister Yuval Steinitz to authorize the use of alternative fuel sources to produce electricity.

Iraq's Kurds Seek Independence: What Impact for Oil Markets?

Thu, 21 Sep 2017 00:00:00 GMT

At stake are the petrodollars that have helped sustain the Kurdish Regional Government's semi-autonomous rule after a budgetary deal with the federal government fell apart.

Russia's Lukoil Eyes Decade Of Oil Output Growth

Wed, 20 Sep 2017 00:00:00 GMT

Lukoil expects its output to rise over the next 8-10 years as it brings new fields onstream, vice president and co-owner Leonid Fedun says.

BP Restores Power At Thunder Horse Platform After Outage

Wed, 20 Sep 2017 00:00:00 GMT

BP restores power at its Thunder Horse platform in the US Gulf of Mexico.

BP's Thunder Horse Platform Shut Temporarily On Power Issue

Tue, 19 Sep 2017 00:00:00 GMT

BP halts production at its Thunder Horse platform in the US Gulf of Mexico following a power outage.

Algeria's Sonatrach To Boost Output From Rhourde El Baguel Field

Mon, 18 Sep 2017 00:00:00 GMT

Sonatrach will boost gas output by 10 million cubic metres per day at its giant Hassi Messaoud field.

Perry Highlights Need for Oil Reserve in Rebuke of Trump's Plan

Fri, 15 Sep 2017 00:00:00 GMT

Hurricanes Harvey and Irma demonstrate the importance of keeping the US Strategic Petroleum Reserve, Energy Secretary Rick Perry says.

Out-Of-Control Alberta Wildfire Shuts In Natural Gas Production

Wed, 13 Sep 2017 00:00:00 GMT

Questfire has shut in 900 barrels of oil equivalent per day of mostly natural gas production because of a wildfire in southern Alberta, its chief executive says.

Shell Set To Draw Line Under A Century Of Iraqi Oil

Wed, 13 Sep 2017 00:00:00 GMT

Shell is set to end a century of oil production in Iraq by withdrawing from two of the Arab state's flagship fields to focus on more profitable gas development.

Shell Canada Shuts Some Gas Operations Due To Southern Alberta Wildfire

Tue, 12 Sep 2017 00:00:00 GMT

Shell Canada, a subsidiary of Shell, is shutting some gas operations in its Waterton complex in southern Alberta.

EIA Lowers US 2017, 2018 Crude Output Forecasts After Harvey

Tue, 12 Sep 2017 00:00:00 GMT

The EIA revises both its 2017 and 2018 oil production forecast figures lower to reflect, in part, the effects of Hurricane Harvey.

Azerbaijan's SOCAR To Boost Its Share In New Deal With BP On Oil Fields

Fri, 08 Sep 2017 00:00:00 GMT

SOCAR is expected to increase its share in a new production sharing agreement with oil major BP for development of the country's biggest oilfields, two industry sources say.

Statoil Sees Eagle Ford Operations Back At Normal This Weekend

Thu, 07 Sep 2017 00:00:00 GMT

Statoil says it expects its operations in the Eagle Ford shale region of Texas to return to normal.

EnQuest Profits Slide On Slower Kraken Oilfield Ramp-Up

Thu, 07 Sep 2017 00:00:00 GMT

EnQuest reports a sharp drop in first-half profits on lower production and delays in ramping up its flagship Kraken oilfield.

Libya's Biggest Oil Field Is Said to Resume Pumping Crude

Thu, 07 Sep 2017 00:00:00 GMT

Libya's largest oil field resumed production after a halt of more than two weeks.