Rigzone
JULY 31, 2025
per barrel) and, in nominal terms, roughly where it was in 2007” “The price has been stuck close to $70 per barrel for several years and while the volume and type of trading along the curve is not what it was 15- 20 years ago, inertia at a low price still sends a powerful negative investment signal,” the analysts noted.
Oil & Gas 360º
JULY 2, 2025
Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75 Libya last held a bidding round in 2007, four years before the NATO-backed uprising in which Qaddafi was killed. million-barrel peak reached during strongman Muammar Qaddafi’s reign in 2006. Libya currently pumps about 1.4 million bpd.
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Oil & Gas 360º
JUNE 27, 2025
To encourage industry interest, the agency is proposing a 16 ⅔ percent royalty rate for both shallow- and deepwater tracts, the lowest deepwater rate since 2007. “To
Oil & Gas 360º
APRIL 7, 2025
The previous such bid round was held in 2007, four years before the toppling of Muammar Ghaddafi in 2011, which led to a protracted civil war in the country with various factions and tribal interests vying for control of key institutions and major oilfields. Libyas crude oil production currently exceeds 1.4
The Energy Law
AUGUST 23, 2007
Since Wednesday, August 15, all prices reported in the weekly chart (for both natural gas and crude oil) have decreased as Hurricane Dean failed to have a significant impact on domestic production in the Gulf of Mexico, and temperatures moderated demand. Natural gas volumes in storage continue to increase. Bbl DOWN $4.06
The Energy Law
SEPTEMBER 6, 2007
Crude oil was up over $2 per barrel. Predictions of an underuse of an LNG regasification capacity continue. . – Transco Gas Pipeline Corporation released a notice on September 4 regarding firm backhaul transportation service for winter 2007-2008. The service period will be from October 1, 2007, through April 30, 2008.
The Energy Law
SEPTEMBER 13, 2007
The Energy Information Agency reported as follows in its September 13, 2007, report: Since Wednesday, September 5, natural gas spot prices increased as tropical storms threatened to disrupt supplies and pipeline explosions in Mexico stirred concerns of supply security.
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