Occidental Petroleum Reduces Rig Count In Permian Basin
Occidental’s costs are reduced by drilling activity, but it will be able to cover part of the debt from the purchase of CrownRock. Capital spending on shale production and exploration will be cut by $320 million and two drilling rigs in the U.S. Permian Basin will be idled this year, …
Petrosibir: Production Report January 2024
Petrosibir’s total oil production during January 2024 amounted to 20,067 barrels, equivalent to 647 barrels per day. The table below summarises the average monthly / daily production in 2024 and in 2023, broken down by region. 2023 2024 Average Dec Jan Total production Bashkiria 5 446 5 664 5 961 …
Gazprom Dobycha Orenburg LLC Completed Its Production Program For January
The indicators of own gas production amounted to 100.5%, for condensate – 113.6%, for oil – 131.8%. The target for transportation of the ethane fraction (103.9%) was also completed, exceeding the planned indicators. Source
Oilmen Used Induction Defrosting Of Wells
This made it possible to easily restart the equipment without heavy special equipment in the current frosty and snowy winter. Tatneft has found an effective way to maintain uninterrupted operation of oil production facilities during frosts. During severe frosts, freezing manifolds sometimes require restarting production and injection wells. Warming wells …
ADNOC And BP Agreed To Create A Gas Joint Venture In Egypt
British energy company BP and Abu Dhabi (UAE) oil and gas company ADNOC have agreed to establish a joint venture (JV) in Egypt, their joint release said. “ADNOC and BP today announce that they have agreed to establish a new joint venture (JV) in Egypt,” the statement said. Initially, the …
Kazakhstan Intends To Compensate For Exceeding Oil Production Obligations In January
The country’s Ministry of Energy did not provide data on how much Kazakhstan exceeded its oil production obligations in January. The Kazakh authorities will continue to fulfill their obligations to reduce oil production under the OPEC+ agreement this year. At the same time, the republic will compensate for the excess …
NIOC To Close $14 Billion Worth Of Deals To Develop Iran’s Oil And Gas Fields By End Of March
The head of the National Iranian Oil Company (NIOC) said the company is set to award contracts worth $14 billion to local companies to develop the country’s oil and gas fields by the end of the current Iranian calendar year (March 19). Speaking in a television interview, Mohsen Khojasteh-Mehr said …
RN-Yuganskneftegaz Began Construction Of A Highly Efficient Well Pad
RN-Yuganskneftegaz (the leading production enterprise of Rosneft) has begun drilling an enlarged well pad at the Prirazlomnoye field, on the basis of which several dozen wells will be grouped. The site design, accommodating up to 48 wells, was developed by specialists from RN-Yuganskneftegaz and the corporate research and design institute …
Australian ADX Energy Is Preparing To Drill A Well In Upper Austria
Australian oil and gas company ADX Energy has announced plans to begin drilling operations at the Welchau gas exploration project under license ADX-AT-II in Upper Austria. ADX has completed construction of the Welchau-1 well pad and plans to begin drilling the well on February 20, 2024, with the entire drilling …
The United States Expects To Increase Shale Oil Production By 20 Thousand Barrels Per Day In March
It will amount to 9.716 million b/d Shale oil production in the United States in March 2024 compared to February will increase by 20 thousand barrels – from 9.696 million barrels per day (b/d) to 9.716 million b/d. This is stated in the report of the Energy Information Administration of …