output

Algeria: National Oil Company Enlists WorleyParsons’ Help to Boost Output

Posted on March 18, 2019March 18, 2019 by Mozambique Resources Post

By way of its “SH2030” plan, Algeria’s Sonatrach aspires to become the world’s fifth-largest national oil company (NOC) by the year 2030.

Angola: Sonangol says country’s oil output fell in 2018 due to ageing fields

Posted on March 1, 2019March 5, 2019 by Mozambique Resources Post

Angola’s oil production fell to 1.478 million barrels per day (bpd) in 2018, from 1.632 million bpd the year before, due mainly to ageing oil fields, figures from state oil company Sonangol showed on Monday.

Africa Oil & Gas: Angola must be self-sufficient in lubricants and fuels

Posted on February 18, 2019February 18, 2019 by Mozambique Resources Post

Angola’s oil industry should be self-sufficient in lubricant and fuel production as well as being competitive, President João Lourenço said on Thursday in Luanda.

Global Markets: OPEC output falls by nearly 800,000 bpd in January

Posted on February 12, 2019 by Mozambique Resources Post

OPEC production declined by 797,000 bpd in January from a month earlier, averaging just 30.81 mb/d.

Markets: “OPEC Production Drops To Lowest Since March 2015” – Platts Survey

Posted on February 7, 2019February 7, 2019 by Mozambique Resources Post

OPEC’s crude oil production plummeted by nearly 1 million bpd from December to 30.86 million bpd in January, marking the lowest production for the cartel since March 2015, as Saudi Arabia over-delivered and members exempted from the reduction pact saw their output further drop, according to the S&P Global Platts survey.

Africa Mining: Congo 2018 copper output up 12.9%

Posted on February 7, 2019February 7, 2019 by Mozambique Resources Post

Copper production in Democratic Republic of Congo, Africa’s top producer, rose 12.9 percent in 2018 to 1.2 million tonnes, the Chamber of Commerce said in a presentation on Wednesday.

Africa Mining: Angola’s Endiama sees diamond output rising to 13.8m carats

Posted on February 7, 2019February 7, 2019 by Mozambique Resources Post

Angola’s state-owned diamond firm Endiama sees production rising to 13.8 million carats in 2022 compared with 9.5 million carats forecast for this year, a senior official said on Wednesday.

Africa Oil & Gas: Egypt to raise gas output by 400 mn cubic feet

Posted on February 6, 2019February 6, 2019 by Mozambique Resources Post

Egypt to raise gas output by 400 mn cubic feet this week: Minister CAIRO: Egypt plans to raise its natural gas output by 400 million cubic feet per day within three days, Petroleum Minister Tarek El Molla said on Tuesday, by increasing production at its Giza and Fayoum fields.

Global Industry: “It’s been a good quarter, it’s been a good year” – BP CEO

Posted on February 5, 2019February 5, 2019 by Mozambique Resources Post

BP Plc joined its Big Oil peers by giving investors a positive surprise, exceeding profit estimates and earning better returns than its closest European rival as reported by Bloomberg.

Mozambique Mining: Xtract Resources reports ‘modest’ December quarter output

Posted on January 30, 2019January 30, 2019 by Mozambique Resources Post

Xtract Resources on Tuesday reported alluvial mining contractors operating at its Manica project, in Mozambique, had produced about 1 328 oz of gold in the quarter ended December 31.

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