Oil and Gas Community

Libya anticipates a return to pre-war oil output of 1.6 million barrels per day in June or July this year, deputy oil minister Omar Shakmak said on Tuesday, according to a report.

Atwood Oceanics on Tuesday said Israeli player Shemen Oil & Gas Resources had hired the Houston-based driller’s Atwood Beacon jack-up rig for a project in the Mediterranean Sea.

Hercules Offshore has denied a report that one of its support vessels was boarded off Nigeria last month.

Halliburton, the North American leader in hydraulic fracturing services, believes more weakness in natural gas prices may lead to a further drilling decline that could start weighing on its margins by the middle of this year.

Almost 30 Chinese workers abducted in the oil-rich Sudanese state of South Kordofan in late January have been freed, according to reports.