Norway Increased Production of Liquid Hydrocarbons in July Worse than Expected
Norway in July 2023 increased the production of oil, condensate and NGL by 9% year-on-year, to 2.037 million barrels per day (b / d), according to preliminary data from the Norwegian Petroleum Directorate (NPD). The indicator turned out to be worse than the NPD forecast, which expected production at the …
Guyana Could Become the Fastest Growing Oil Province in the World
The consortium, which includes ExxonMobil, US oil company Hess and China’s CNOOC, plans to spend $12.93 billion to develop its sixth offshore oil project in Guyana. The floating production platform for the Whiptail project will start operating in 2027 and will provide more than 1.2 million barrels per day of …
Daily Oil Production in Kazakhstan has Recovered After the Liquidation of the Energy Accident
Oil production in Kazakhstan over the past day, August 20, amounted to 234.3 thousand tons of oil, according to the materials of the situational and analytical center of the fuel and energy complex under the Ministry of Energy. As explained in the department, production was restored after the liquidation of …
Oil Production in Kurdistan is Recovering
Norwegian DNO resumes production at the Tawke field in Iraqi Kurdistan after pipeline supplies from the region to the Turkish port of Ceyhan resumed for further exports The Norwegian DNO, which is developing oil deposits in Iraqi Kurdistan, has announced the resumption of production at the Tawke field. Production was …
Petrobras Upgrades Offshore Hydrocarbon Platforms in Brazil
State-owned Petrobras has put into operation two new production platforms for offshore fields in Brazil. These facilities will not only help increase hydrocarbon production, but also reduce the burden on the environment, the company reports. One of the installations is called Anita Garibaldi, the other is Anna Nery. Both platforms …
APA Corporation Will Invest $1.4 Billion in Egypt’s Oil Sector in 2024
Company CEO John Christman said that APA Corporation “looks forward to support in making decisions to continue its involvement in the Egyptian market.” The American company APA Corporation intends to invest about 1.4 billion US dollars to develop projects in oil Egypt in 2024. This was announced by the Cabinet …
Oil Production in Venezuela Increased by 10.65 Percent in 2023
The average daily level of oil production in Venezuela increased from January to July 2023 from 732 to 810 thousand barrels per day – monthly statistics were published by the Minister of Oil and the head of the Venezuelan oil and gas PDVSA, Rafael Tellechea. “Oil production in Venezuela continues …
Belorusneft Plans to Upgrade Oil Production Equipment With the Help of China
The state-owned enterprise Belorusneft plans to upgrade oil production equipment through purchases from Chinese manufacturers. This is stated in a message on the website of the departmental publication Vestnik Belneftekhim. As part of the modernization program, the management of Belorusneft chose China as an alternative partner due to the difficult …
Russia Plans to Use Synchrotron Radiation for Oil Production
Russian scientists expect to increase the oil recovery of the Bazhenov and Achimov formations due to synchrotron radiation. This was stated by the director of the scientific and educational center of Gazpromneft-NGU S. Golovin. Gazprom Neft, universities and scientific organizations will create a consortium that will study the Bazhenov and …
Oil Production in Nigeria Fell by 12% in July
In July, crude oil production in the African country fell by 12.56% to 1.29 million b/d (in June it was 1.48 million b/d). Business Day, citing data from the Nigerian Oil Regulatory Commission, says that one of the main reasons for the decline is the temporary closure of the Forcados …