Libya’s oil output is rising again after disruptions ended at its biggest field, with production reaching about 950,000 barrels a day even as OPEC and its allied suppliers step up efforts to contain a global glut.
As the OPEC members prepare to meet today, and with talks about extending the supply cut extension expected to dominate the agenda, Energy Voice takes a look at the history of the Cartel from its formation through to the present day.
Infield Energy Analysts is forecasting that, between 2009 and 2013, global subsea-sector expenditure on subsea equipment and drilling and completion will exceed £56billion.
