Oil Production in the UAE Declined by More Than 50%
Oil production in the United Arab Emirates has fallen by more than 50% amid the military conflict in the Middle East and the effective closure of the Strait of Hormuz, Reuters reported on March 16, citing sources. According to the sources, the Abu Dhabi national oil company Abu Dhabi National …
New Gas Consortium Launches Production of Non-Associated Gas at Offshore Quiluma Field in Angola
New Gas Consortium (NGC) has commenced gas production at the offshore Quiluma field in Angola.This was reported by the press service of the French company TotalEnergies. This is the first development of a free (non-associated) gas field in the country. Historically, gas in Angola has been produced mainly as a …
Eni Discovered New Gas Deposits in Libya
The Italian energy company Eni has discovered new gas deposits in Libya, according to the company’s press release. “As a result of an exploration campaign launched in recent months, Eni has discovered two new gas fields in Libya,” the statement said. It is noted that the company drilled two wells …
Belorusneft’s Northern Asset Receives New Gas Inflow at Gubkinskoye Field
A division of Belorusneft in the Russian North — the oil company Yangpur — has received a new gas inflow at the Gubkinskoye field. This was reported by BelTA, citing Belorusneft. The event was recorded at well No. 561. “As a result of testing the PK8 formation of the Pokur …
Iraq Reduced Oil Production Almost Fourfold
Oil is being used only for domestic needs Oil production in Iraq has decreased due to the closure of the Strait of Hormuz from 4.3 million barrels per day to 1.2 million barrels per day (down by 3.1 million barrels per day). This was reported by Bloomberg, citing the spokesperson …
Production Restored at Tengiz Field After Suspension in January
Oil production has been restored at the Tengiz field, which had been suspended in January due to power supply issues, Kazakhstan’s Minister of Energy Erlan Akkenzhenov said. “Tengiz has restored production,” Akkenzhenov told journalists on the sidelines of parliament on Wednesday. He added that production at the field is currently …
Tengizchevroil Reported an “Incident” at Tengiz on March 11
An incident occurred at the Tengiz field on March 11, the press service of Tengizchevroil (TCO) told Interfax-Kazakhstan. “TCO confirms that on March 11, 2026, an incident occurred at one of the facilities at the Tengiz field. There were no casualties, and the company is conducting a root cause assessment …
Cuba Increases Oil Production at New Fields, President Says
Cuban President Miguel Díaz-Canel said that the country is increasing production at new oil fields and has already exceeded its targets for oil and associated gas production. “Production at new fields is growing in order to increase national oil and associated gas output. In the first two months of the …
Saudi Arabia Reduced Oil Production by a Quarter
Saudi Arabia has reduced oil production by 2.8 million barrels, or 26%, to 8 million barrels per day due to the conflict in the Middle East caused by the attack by the United States and Israel on Iran, Reuters reported, citing sources. “The world’s largest oil exporter, Saudi Arabia, has …
Venezuela Hopes to Restore Oil Production in the Country
Energy cooperation between Venezuela and the United States makes it possible to expect a recovery in the country’s oil production and will bring economic benefits, Eduardo Quintana, head of the regional branch of the Federation of Chambers of Commerce and Associations in La Guaira state, told RIA Novosti. “There is …