Eni Discovered Two New Gas Fields Offshore Libya
The Italian company Eni has discovered two new natural gas fields on the continental shelf of Libya.This was reported by the company’s press service. The discoveries were made during the drilling of two wells — B2-16/4 and C1-16/4 — on adjacent geological structures Bahr Essalam South 2 (BESS 2) and …
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 …
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 …
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 …
US To Resume Offshore Oil Production Off California Coast
US Secretary of Energy Chris Wright has instructed Sable Offshore Corp. to resume oil production off the coast of California, the U.S. Department of Energy reported. “U.S. Secretary of Energy Chris Wright today directed Sable Offshore Corp. to restore operations at the Santa Ynez field and pipeline system to mitigate …
RN-Uvatneftegaz Replenished Hydrocarbon Production by 109% in 2025
RN-Uvatneftegaz (part of the oil production complex of Rosneft Oil Company) increased its hydrocarbon reserves by 12 million tons of oil equivalent in 2025, replenishing production by 109%. The reserve growth was ensured by successful geological exploration activities and re-evaluation of resources at producing fields. Reserves of the new Yuzhno-Keumskoye …
SLB Partially Scales Back Operations in the Middle East Due to Escalation
The world’s largest oilfield services company SLB (formerly Schlumberger) has begun partially scaling back its operations and has also suspended transit shipments in the Middle East due to the escalation of the situation, according to the company’s press release. The United States and Israel on February 28 began carrying out …