Abu Dhabi Will Increase Oil Production in 2024
One of the largest producers in OPEC, the United Arab Emirates intends to increase oil production in January. Days before the Organization of the Petroleum Exporting Countries and its allies meet to discuss policies for the coming year, traders are focused on whether Saudi Arabia will extend its voluntary production …
The Ministry of Energy of Kazakhstan Will Not Change The Forecast For Annual Production Due To The Current Recession
The reduction in production in Kazakhstan due to the suspension of oil loading by the Caspian Pipeline Consortium will not affect the production forecast for 2023, the Ministry of Energy of the republic expects. According to the Ministry of Energy, for three large companies with an average production of 172 …
Kazakhstan’s Largest Fields Will Continue To Reduce Oil Production Until December 3
Kazakhstan’s largest fields – Tengiz, Karachaganak and Kashagan – will continue to reduce oil production until December 3, according to data from the Ministry of Energy of Kazakhstan. According to data provided by Shyngys Ilyasov, Advisor to the Minister of Energy of Kazakhstan, oil production in Tengiz has decreased/will decrease: …
American Shale Producers are Ramping up Drilling
Bloomberg writes that drillers in US shale regions are again trying to recover from the decline in activity by increasing the number of oil rigs According to Baker Hughes, the number of oil rigs in the US immediately increased by 6 pieces to 500. This is the largest weekly increase …
Russia and Venezuela Want to Restore Daily Oil Production Levels
Russia and Venezuela want to restore the previous level of oil production per day, Foreign Minister of the Republic Ivan Gil Pinto said in an interview with RIA Novosti. “Joint oil production in Venezuela in recent years has reached 120-150 thousand barrels per day. Of course, the sanctions regime has …
Washington Allowed the Oil Service Company to Work with Caracas to Close Contracts
US authorities have allowed Halliburton, Schlumberger, Baker Hughes and Weatherford to carry out transactions in Venezuela until May 16, 2024 The US Treasury has extended until May 16, 2024 the licenses of four international oil service companies that must complete their work in Venezuela. This also applies to working with …
Kazakhstan Plans to Produce up to 94 Million Tons of Oil in 2024 – Head of the Ministry of Energy
Kazakhstan expects to produce up to 94 million tons of oil next year, said the Minister of Energy of Kazakhstan Almasadam Satkaliev. “From 90 to 94 million tons, in this range,” Satkaliev told reporters on the sidelines of parliament, answering a question about oil production plans for 2024. Previously, he …
Oil Production at ACG in 2023 was Carried Out from 136 Wells
Oil production from the Azeri-Chirag-Gunashli (ACG) block in January-September 2023 was carried out from 136 production wells, the press service of the bp company (operator for the development of the Azeri-Chirag-Gunashli, ACG) block of fields told Interfax-Azerbaijan. ). “In January-September 2023, six oil production, five water injection and one gas …
Oil Production in Azerbaijan in 2023 will Amount to 30.5 Million Tons
Oil production with condensate in Azerbaijan in 2023 compared to 2022 will decrease by 6.7% – to 30.5 million tons. This assessment is indicated in the conclusion of the Accounting Chamber on the draft state budget for 2024, which is available to the Interfax-Azerbaijan agency. In 2024, as the Chamber …
OMV will Begin Exploration Drilling on Libyan Assets in February 2024
Austrian OMV intends to begin exploratory drilling in Libya in February 2024. Company representatives announced this at a meeting at the headquarters of the National Oil Corporation of Libya (NOC) in Tripoli. The meeting was attended by the director of the exploration department of NOC, the deputy general director of …