A survey by Platts has revealed OPEC’s oil production for March was the highest it has been since 2012
Exploration & Production
OPEC production is highest in four years after Middle East oil output increases
As Saudi Arabia, Iraq and Libya increased their oil output amid a stronger global demand for the commodity, OPEC production climbed the highest ever in almost four years, said the International Energy Agency (IEA)
‘Sustained low oil price could prompt large-scale M&A’
Wood MacKenzie report has announced that a sustained period of low oil prices could trigger large-scale mergers and acquisitions (M&A)
Saudi Arabia oil production hits record high
Saudi Arabia’s oil production has reached a record high of 10.3mn bpd in March 2015, surpassing its previous peak of 10.2mn bpd in August 2013
Bashneft International completes seismic surveys onshore Iraqi block
Russia’s Bashneft International, operator of Bashneft’s overseas upstream projects, has announced the completion of seismic surveys over Iraq’s Block 12
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