KazMunayGas Increased Oil and Condensate Production in the First Half of the Year
The National Oil and Gas Company of Kazakhstan Kazmunaigas (KMG) produced 11.86 million tons of oil and gas condensate in six months of 2023, which is 10.1% more than in the first half of 2022, the company’s press service reported. “The volume of oil and gas condensate production by KMG …
Oil Production at ACG in the First Half of the Year was Carried out From 137 Wells
Oil production from the Azeri-Chirag-Guneshli (ACG) block in the first half of 2023 was carried out from 137 production wells, Interfax-Azerbaijan was told in the press service of the bp company (operator for the development of the Azeri-Chirag-Guneshli field block, ACG). “In January-June 2023, three oil producing and four water …
Saudi Arabia and Russia were Thanked for Cutting Oil Production
The OPEC+ Monitoring Committee expressed gratitude to Saudi Arabia for extending the voluntary cut in oil production by 1 million barrels per day in September, and to Russia for the voluntary cut in exports by 300,000 barrels per day, the communiqué says. “The Committee also expressed its recognition and support …
Oil Production in the Largest Oil and Gas Regions of the US Will Decrease in August
Oil production in the main oil and gas producing regions of the United States, in which a significant part of the production is shale oil, will fall in August compared to the current month by 18 thousand barrels per day, or 0.2%, to 9.397 million barrels, the Energy Information Administration …
Libya Announced the Resumption of Oil Production at the Largest Fields
The Libyan Ministry of Oil and Gas announced the resumption of oil production at the country’s two largest fields – El-Fil and Ash-Sharara after they were unblocked by protesters, the agency said in a statement. Earlier, the head of the Supreme Council of Al-Azvia Tribals, Sheikh Al-Senussi Al-Khalik, told RIA …
Angola Hopes to Stabilize Oil Production at 1.2 Million b/d in the Medium Term
Angola expects to stabilize oil production at the level of 1.2 million barrels per day in the medium term compared to the existing level of 1.15 million b/d, the Africa Oil+Gas Report portal reports with reference to the Director of production of the National Oil, Gas and Biofuels Agency (ANPG) …
Saudi Arabia Stressed That Russia Voluntarily Reduced Oil Production
Russia’s 500,000 barrels per day cut in oil exports was not forced upon it, it was a voluntary decision, compliance checks will be monthly, said Saudi Energy Minister Prince Abdulaziz bin Salman. “We did this (reduction – ed.) partly with the support of colleagues from Russia … We received confirmation …
Oil Production in Brazil May Grow by 4-5% in 2023-2024
Oil production in Brazil in 2023-2024 may grow by 4-5%. This was stated by the CEO of the Brazilian oil and gas company Petrobras J.-P. Prates. According to him, the company already has 2 new FPSO floating vessels, which will increase oil production. An increase of 4-5% is expected this …
Kazakhstan Hopes to Restore Oil Production Within a Month, Reduced Due to a Power Failure
Within a month, Kazakhstan plans to restore the volume of oil production, reduced due to an accident in the energy supply in the west of the republic, Kazakh Energy Minister Almasadam Satkaliyev said. “Now we will clarify the volumes to what extent the limitation on production volumes was, but we …
Saudi Arabia Will Extend July Oil Production Cut Until August
Saudi Arabia will extend July’s voluntary cut in oil production by 1 million barrels per day to August, according to the Saudi news agency SPA, citing a source in the kingdom’s energy ministry. An official energy ministry source announced that the Kingdom of Saudi Arabia will extend the voluntary 1 …