Kazakhstan is Aimed at a Peaceful Resolution of the Dispute with the Operator of Kashagan over Environmental Violations
Kazakhstan is determined to resolve the environmental dispute with the operator of Kashagan (NCOC) peacefully, said Kazakh Prime Minister Alikhan Smailov. “As for the environmental dispute. Due to the presence of a fairly large volume of sulfur in this field, we are ready for any scenario, but we need to …
Algerian Sonatrach Returns to Libya
The Algerian company said it was negotiating the resumption of work on assets in Libya. Sonatrach from Algeria discussed with the Libyan NOC the prospects for resuming geological exploration in blocks 065 and 96/95 in the Ghadames basin in Libya. As the Algerian company clarifies, it is ready to begin …
26.5 Million Tons of Oil Were Produced in Tatarstan over 9 Months
Of this, small oil companies accounted for 5.3 million tons. From January to September 2023, 26.452 million tons of oil were produced in Tatarstan. Of this, small oil companies (SOCs) accounted for 5.3 million tons. By the end of the year, this figure is planned to be increased to 7 …
CNOOC Announced the Start of Production at Another Oil Field
Chinese CNOOC Limited (a subsidiary of the oil and gas giant China National Offshore Oil Corporation, CNOOC) has begun production at an oil field located in the Bohai Gulf. The company’s press service reports this. Penglai 19-3 Oil Field the project is located in the south-central Bohai Bay; work is …
In January-September 2023, SOCAR Slightly Reduced Oil Production and Increased Gas Production by 9%
The SOCAR (State Oil Company of Azerbaijan) company produced 5 million 819.062 thousand tons of oil in January-September 2023, the company’s press service told Interfax-Azerbaijan. According to SOCAR, in January-September 2022, the company produced 5 million 824.441 thousand tons of oil. Thus, the decline in oil production in January-September 2023 …
Norway’s Gas Production Falls to 4-Year Low
In September 2023, Norway significantly reduced the production of liquid hydrocarbons (LPH) and gas. This is evidenced by preliminary data from the Norwegian Petroleum Directorate (NPD), published on October 23, 2023. Decrease in liquid hydrocarbon production In September 2023, liquid hydrocarbon production in Norway amounted to 1.802 million barrels per …
Shales are Closing – Everyone is Moving to the Shelf
Oil production from mainland US fields is declining, the EIA reports, although recently their data showed record levels of oil production across the country. The United States is losing production from mainland fields, writes Reuters with a link to data from the Energy Information Administration (EIA) of the US Department …
Alexander Novak Announced the Stagnation of Shale Oil Production in the United States
According to the Deputy Prime Minister of the Russian Federation, the industry has still not recovered from the stress of the pandemic Shale oil production in the United States is stagnating at approximately the same level, Russian Deputy Prime Minister Alexander Novak said in an interview with Business FM. US …
Zarubezhneft Plans to Increase Oil Production in Africa to 2 Million Tons/Year by 2030
Oil producing company Zarubezhneft plans to increase oil production in Africa to 2 million tons per year by 2030. This was stated by the company’s Deputy General Director V. Terentyev at one of the sessions of the Russian Energy Week (REN-2023). The company intends to gradually achieve this goal: consistently …
Riyadh Announced Its Readiness to Increase Oil Production if Prices Rise
Saudi Arabia has told the United States that it is ready to increase oil production in early 2024 if crude oil prices are high, the Wall Street Journal reports, citing Saudi and American officials. According to the publication, this move is aimed at winning favor in the American Congress to …