Colombia Reaches 800 Thousand Barrels of Oil Production Per Day
Already in May, oil production in Colombia could reach 800 thousand bpd compared to last year’s level of 777 thousand. Oil production in Colombia is approaching the 800 thousand bpd mark, although the Andean country is trying – not without obstacles – to switch to renewable energy sources. Bogota could …
Polish PGNiG Is Preparing for Drilling Operations on the Norwegian Shelf
The Norwegian Ocean Industry Authority (Havtil) has issued PGNiG Upstream Norway (PUN, part of the Polish Orlen Group) permission to conduct drilling operations in the Norwegian Sea. Havtil reports. Drilling operations will be carried out under production license PL1055, which was issued on February 14, 2020 and will be valid …
The US Shale Industry is Burning More and More APG
Oil producers in Texas are trying to get rid of excess natural gas by flaring it. Regulator The Railroad Commission of Texas (RRC) last week approved 21 requests from operators, mostly in the Permian and Eagle Ford shale plays, for exemptions from the flaring ban. Moreover, the requested combustion volumes …
Magzum Mirzagaliev Left the Post of Chairman of the Board of KazMunayGas
Magzum Mirzagaliev left the post of Chairman of the Board of JSC NC KazMunayGas, Askhat Khasenov was appointed acting in this position until the extraordinary general meeting of shareholders, reports the press service of the Samruk-Kazyna Fund. Askhat Khasenov was born in 1983. He graduated from the Kazakh National Technical …
KazMunayGas Allocated More Than 60 Billion Tenge for the Rehabilitation Project for the Uzen and Karamandybas Fields
The Chairman of the Board of KazMunayGas (KMG) M. Mirzagaliev held a meeting on the project for the rehabilitation of the Uzen and Karamandybas fields. Project budget for 2023-2024 amounted to 68 billion tenge (about 154 million US dollars). This was reported by the KMG press service. Participating in the meeting …
KazMunayGas Will Drill 3 Exploration Wells in 2024
The Chairman of the Board of KazMunayGas (KMG) M. Mirzagaliev took part in an international scientific and practical conference dedicated to the oil and gas future of the Mangystau region, where he spoke about the prospects for the development of geological exploration and the company’s plans in this area. This …
Rosneft’s Subsidiary Enters the Kayum Oil fields
RN-Nyaganneftegaz will begin work on May 6. The bankruptcy trustee Alexey Skrynnik entered into an agreement with the new oil operator. It became the company JSC RN-Nyaganneftegaz, controlled by PJSC Rosneft. This information is indicated in the materials of the court dispute on the introduction of interim measures against the …
Exxon and Chevron Are Ahead of European Rivals Due to Production in Guyana and the United States
ExxonMobil and Chevron are increasing production in some production regions, with oil becoming the driver of growth. ExxonMobil and Chevron forecast that their production in the Permian Basin will increase by 10% this year. Exxon also reported that oil production in Guyana in the first quarter increased by 70% compared …
MOL Group 2024 Q1 Results: Solid Performance Amidst Difficult External Circumstances
MOL Group Profit before tax reached USD 382 mn in the first quarter of 2024, 18% and 29% lower quarter-on-quarter and year-on-year Downstream’s results have been affected by the increase of Brent-based refining margins and petrochemicals margins but production decreased due to turnarounds Consumer Services’ results were boosted by an …
Khanty-Mansi Autonomous Okrug Authorities Put Oil Fields Up for Sale for 170 Million Rubles
The authorities of the Khanty-Mansi Autonomous Okrug put up for auction licenses for the development of five oil and gas fields. The total cost of subsoil plots is almost 170 million rubles. “Applications are being accepted for bidding for the acquisition of the right to use the subsoil plots “Maloteterinsky”, …