The Oil Industry of Kazakhstan Reached the Planned Production Level for the First Time Since May
Oil and gas condensate production in the republic amounted to 256 thousand tons Daily oil production in Kazakhstan, after a decline due to accidents in the energy system, has stabilized for the first time since May and reached planned levels. This was reported by the Situational Analytical Center of the …
A Subsidiary of Belorusneft in Ecuador Produced 4 Million Barrels of Hydrocarbons
Belorusneft’s subsidiary in Ecuador has produced 4 million barrels of hydrocarbons since the start of the international project, BELTA learned from the company. Initially, the interest was bilateral, since international cooperation in this format is an opportunity to expand professional competencies for Belarusian and Ecuadorian oil workers. According to the …
RussNeft Expects a Reduction in Oil Production by Five Percent
RussNeft expects oil production to decline in 2023 due to OPEC+ decisions by 5%, to 6.4 million tons, company president Evgeny Tolochek told reporters on the sidelines of the Tyumen Industrial and Energy Forum. Answering the question by how much the company’s oil production could decrease in 2023, he said: …
Indian ONGC Said It Wants to Get a Share of the Oil Produced at Sakhalin-1
CEO of ONGC’s investment division Rajarshi Gupta believes that negotiations with the Russian side and other shareholders could last six months The Indian company ONGC intends to produce oil as part of its share in the Sakhalin-1 project and expects that negotiations on this could take up to six months. …
Norway Cut Gas Production by 10% in August, Worse Than Forecast
Norway in August reduced natural gas production by 9.8% year on year, to 311.3 million cubic meters per day from 345 million cubic meters per day a year earlier, according to preliminary data from the Norwegian Petroleum Directorate (NPD). The figure turned out to be worse than the NPD forecast, …
Saudi Arabia in July Reduced Oil Production by 9.5%, Exports by 11.6%
In July, Saudi Arabia reduced oil production compared to the previous month by 9.5%, and exports by 11.6%, according to data on the website of the Joint Organization Data Initiative (JODI). Export volumes amounted to 6.012 million barrels per day (b/d), compared with 6.804 million b/d in June. However, it …
The Government of the Russian Federation and Gazprom Neft Signed an Agreement on the Joint Development of Russian Equipment for Oil Production
The Russian government and Gazprom Neft will join forces in the development of domestic equipment for drilling and hydrocarbon production on land. The corresponding agreement of intent was concluded within the framework of the TNF industrial and energy forum and is aimed at ensuring the technological sovereignty of the Russian …
Russia Kept Oil Production in August at July Levels
It amounted to 9.48 million b/d Russia maintained oil production in August 2023 at the level of the previous month – 9.48 million barrels per day (b/d), according to a report by the International Energy Agency (IEA). At the same time, the Russian Federation’s revenues from oil exports, according to …
Plans for Oil Production Volumes in Kazakhstan This Year May Not be Fulfilled
Vice Minister of Energy of the Republic of Kazakhstan Askhat Khasenov noted that this year oil production volumes in Kazakhstan may decrease slightly, a Kazinform correspondent reports. According to him, even if the target of 90 million tons is not fulfilled, about 89 million tons of oil can be produced …
Rising Oil Production in September will Pose a Dilemma for Oil Workers
In September, oil workers will be forced to choose: continue to reduce oil exports or reduce production. Since the beginning of September, Russia has been increasing oil exports by sea. According to the Kommersant newspaper, in the first days of this month, sea exports amounted to 3.3 million bpd. These …