Gas Production in Azerbaijan Increased by 5% in January-August
Gas production in Azerbaijan in January-August 2023 increased by 5% compared to the same period last year – to 32.2 billion cubic meters. According to operational data from the country’s Ministry of Energy, which is available to the Interfax-Azerbaijan agency, 8.6 billion cubic meters of associated gas were produced from …
Sechin: Investments in the Implementation of the Vostok Oil Project are Estimated at 12 Trillion Rubles
The head of Rosneft noted that the project is self-sustaining Investments in the implementation of the Vostok Oil project are estimated at 12 trillion rubles for the development period. The head of Rosneft, Igor Sechin, announced this to Russian President Vladimir Putin during a visit to the Zvezda shipyard. “The …
Drilling of Another Well Has Been Completed in the Nasiriya Field in Iraq
Drillers from the Iraqi Drilling Company (IDC) completed drilling of oil production well 61, reaching a depth of 2096 meters in the Nasiriyah oil field in the Dhi Qar province. The Iraqi Ministry of Oil reported this on September 4, 2023. This is the 15th production well constructed by IDC …
Azerbaijan Lagged Behind the OPEC+ Quota by 184 Thousand b/d in August
Oil production in Azerbaijan in August 2023 amounted to 500 thousand bpd. This is stated in the Platts review conducted by S&P Global Commodity Insights, which is available to the Interfax-Azerbaijan agency. As of August, Azerbaijan’s oil production quota under the OPEC+ deal was 684 thousand bpd. Thus, according to …
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 …