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 …
Iran’s Daily Oil Production to Rise to 3.5 Million by End of Summer
Iran’s crude oil production will rise to 3.5 million barrels per day by September 22, 2023, the managing director of the National Iranian Oil Company (NIOC) said on Wednesday. Mohsen Hojastemer made the announcement while speaking to reporters on the occasion of National Journalists’ Day. Saying that Iran was producing …
Oil Production in Russia in June Fell by 100,000 Barrels Per Day
Oil production in Russia in June decreased by 100 thousand barrels per day compared to May, to 9.5 million barrels per day, follows from the data of the August report of OPEC. “The production of liquid hydrocarbons in Russia in June decreased by 100 thousand barrels per day compared to …
How to “Ennoble” Heavy Oil in the Reservoir
…And extract rare earth metals from it. New catalysts for the underground upgrading of extra-viscous oil have made it possible to increase production at the Tatneft well. With the help of Kazan Federal University technology, great success was also achieved at the Cuban Boca de Jaruco field. Its development is …
US Oil Production Up by 400,000 Barrels a Day
U.S. oil production rose by 400,000 bpd in the week ending August 4 to 12.6 million bpd, according to a weekly review by the Energy Information Administration of the country’s Department of Energy. On average, over the past four weeks, oil production in the United States amounted to 12.325 million …
Daily Oil Production in Kazakhstan Fell to the Lowest Level Since July 24
Daily oil production in Kazakhstan on Monday fell to 228,600 tons, the lowest since July 24, against 234,700 tons on Sunday. This is evidenced by the data of the Ministry of Energy of the country. Source
The US Department of Energy Raised the Forecast for Oil Production in the Country for 2023-2024
The US Department of Energy has raised its forecast for average oil production in the country for 2023-2024, follows from the data of the monthly short-term forecast of the energy information administration of the ministry (EIA). The US Department of Energy raised its forecast for average oil production for the …