Kazakhstan in August Lagged Behind the OPEC+ Quota by 100 Thousand b/d
Oil production in Kazakhstan in August 2023 amounted to 1.45 million bpd, according to a review by S&P Global Commodity Insights, citing Platts data. As of August, Kazakhstan’s oil production quota under the OPEC+ deal was 1.55 million bpd. Thus, according to S&P Global Commodity Insights, Kazakhstan in August lagged …
Kazakhstan Plans to Start Operating the Anabay Gas Field by the End of the Year
Chairman of the Board of QazaqGaz Sanzhar Zharkeshov noted that since the beginning of 2022, the company has implemented investment projects worth more than $861 million in the Atyrau and Mangistau regions, as well as in Almaty The Kazakh authorities intend to begin exploitation of the Anabay gas field in …
Biden Intends to Cancel Licenses for Hydrocarbon Production in Alaska Issued Under Trump
The American president noted that these measures will help preserve Arctic lands and wildlife US President Joe Biden intends to cancel permits issued by the previous US administration led by Donald Trump to lease federal lands in the state of Alaska for the development of oil and gas fields. This …
Repsol will Sell Its Oil and Gas Assets in Canada to Peyto for $468 Million
Spain’s Repsol has agreed to sell its oil and gas assets in Canada to local Peyto for $468 million (€433 million), the company said. “The agreement covers all mineral rights, associated facilities and infrastructure of Repsol’s Canadian oil and gas business, including assets in the Greater Edson region with net …
Norway and England Increase Hydrocarbon Production in the North Sea
Both countries are increasing capital investment in hydrocarbon production on the North Sea shelf, and also continue issuing licenses in this region. The oil and gas industries of Norway and the UK, which were experiencing a decline in investment some time ago, have now experienced financial problems and are increasing …
Gazprom Neft and Rosatom Will Join Efforts to Decarbonize Shipping on the Northern Sea Route
Gazprom Neft and the State Atomic Energy Corporation Rosatom have agreed to jointly implement the Euro-Asian Container Transit (EACT) project. It is aimed at creating the first regular container line for transit cargo transportation between the eastern and western parts of Eurasia via the Northern Sea Route. At the Eastern …
The Russian Federation is Preparing a Bill on the Sovereign Audit of Hydrocarbon Reserves
…And their classification is harmonized with friendly countries. In Russia, a bill is being developed to create a system of independent audit of mineral reserves. In addition, reserve classifications are being harmonized with China, Belarus, Uzbekistan and Tajikistan. The task has also been set to create a domestic system of …
Production Potential of Kashagan Can Reach 75 Million Tons of Oil per Year – Prime Minister of the Republic of Kazakhstan
Prime Minister of Kazakhstan Alikhan Smailov spoke at a solemn event in honor of the 30th anniversary of the start of the development of the Kazakh shelf of the Caspian Sea with the participation of veterans of the oil and gas industry of the republic, Kazinform reports with reference to …
Novak: Russia is Considering Accelerating the Launch of the Yuzhno-Kirinskoye Gas Condensate Field on the Sakhalin Shelf
The Vice Prime Minister noted that the priority goal is to develop gas supply to the Komsomolsk industrial hub and Vladivostok. Russia is considering accelerating the launch of the Yuzhno-Kirinskoye gas condensate field (GCF) on the Sakhalin shelf, Russian Deputy Prime Minister Alexander Novak wrote in an article for the …
Novak: Voluntary Decision to Reduce Oil Production will be Reviewed Monthly
The voluntary cut in oil exports from Russia by 300,000 barrels per day will be extended until the end of December 2023. This was stated by Deputy Prime Minister Alexander Novak. Thus, our country minimizes the risks of lower oil prices. According to the Deputy Prime Minister, the additional voluntary …