Oil Production in Khanty-Mansiysk Autonomous Okrug in 2023 Decreased By 3.1%
In 2023, 216 million tons of oil were produced in the Khanty-Mansi Autonomous Okrug (KhMAO). This follows from the materials of the Department of Subsoil Use and Natural Resources of the Khanty-Mansi Autonomous Okrug. Oil production in Khanty-Mansi Autonomous Okrug In 2023, 216 million tons of oil were produced in …
Nostrum Has Begun Re-drilling Wells at The Chinarevskoye Oil and Gas Condensate Field
Nostrum Oil & Gas PLC has begun re-drilling well No. 301 at the Chinarevskoye oil and gas condensate field (OGCF) in Kazakhstan. The company’s press service reports this. Re-drilling program Well No. 301 is the 1st of 2 wells provided for by the re-drilling program at the Chinarevskoye oil and …
Shell Greenlights Drilling Program For 2024
Shell has approved a two-well drilling campaign planned for 2024 in the North Sea. The information follows from a published statement by Shell’s joint venture partner Deltic Energy. Exploration well at the Selene field Selene natural gas field: believed to be one of the largest undiscovered structures in the Leman …
Innovation Effect? US Oil Production Exceeds Forecasts
The United States, against the backdrop of a decline in production by OPEC+ countries, increased oil production compared to forecasts a year ago. Bloomberg reported this on December 17, 2023. Shale producers vs OPEC+ Abstracts of the publication: OPEC’s former foe, the US shale industry, is rearing its head just …
The Venezuelan Parliament Extended The Work of Two Joint Ventures PDVSA And Chevron
Another 17 joint ventures with the Venezuelan state oil company are in line to extend their work. Deputies of the Venezuelan National Assembly voted to extend the life of two joint ventures (JVs) between the national oil company PDVSA and the American Chevron. The agreement will be extended for 15 …
Angola Announced Its Withdrawal From OPEC
Angola withdrew from OPEC, the decision was made at the Council of Ministers chaired by the President. In November, the country reduced its oil production quota in 2024 from 1.28 million to 1.11 million barrels. per day. Angola has decided to withdraw from OPEC, the country’s Minister of Mineral Resources, …
The US Increased Shale Oil Production Amid OPEC+ Production Cuts
The US exceeded the forecast for production in the current quarter by 800 thousand barrels. per day, the volume amounted to 13.3 million barrels. At the same time, OPEC+ countries are cutting production – Russia has been reducing it by 500 thousand barrels since March. per day. The United States …
The Kremlin Did Not See the Seizure of Assets in The Decision on The Shares of Wintershall and OMV
The day before, President Vladimir Putin signed decrees depriving Wintershall and OMV of shares in two joint ventures with Gazprom. “There was and is no process of seizure,” says press secretary of the head of state Dmitry Peskov. The decrees of President Vladimir Putin, depriving Wintershall and OMV of shares …
A New Well Was Drilled at The Dayakhatyn Field in Uzbekistan
Uzbekneftegaz is carrying out large-scale work to increase natural gas production and hydrocarbon reserves in the fields. The company’s press service reported this on December 19, 2023. Theses of Uzbekneftegaz: in Karakul district of Bukhara region drilling work was successfully completed at well No. 117 of the Dayakhatyn gas condensate field …
Oil Production in Iran Has Increased By 60% in Two Years
The chief executive of the National Iranian Oil Company (NIOC) said the country’s crude oil production has increased by 60 percent under President Ibrahim Raisi’s administration. Mohsen Khojastemehr said that according to statistics from the Central Bank of Iran (CBI), the oil and gas sector has the lion’s share in …