Oil Price Has Risen Sharply after Novak’s Words About the Reduction in Production in Russia
Commodity prices resumed growth after Deputy Prime Minister Alexander Novak said that Russia plans to cut oil production by 500 thousand barrels per day in March The cost of April futures for Brent crude on the London ICE Futures exchange rose by 2.78% and rose to $86.85 per barrel, according …
Russia Will Reduce Oil Production by 500 Thousand Barrels Per Day
According to Deputy Prime Minister Alexander Novak, Russia will carry out a reduction in production voluntarily, which will help “restore market relations.” At the same time, he confirmed the refusal of supplies to those who introduced the price ceiling for oil. Russia in March will reduce oil production by 500 …
Russian Oil Companies in February 2023 Increased Production by Almost 1% Compared to the Average Level in January
In the first week of February 2023, Russian oil companies increased crude oil production by 0.7% compared to the January average, to 1,491 t/d. Kommersant reported this on February 9, 2023. In February 2022, oil companies in Russia produced an average of 1.508 million tons per day. Thus, the volume …
Kazakhstan Plans to Boost Oil Production to 100 mln tonnes in 2024
Oil output will grow by roughly ten million tonnes from 2020 The government of Kazakhstan plans to scale up oil production from 90 mln tonnes in 2020 to 100 mln tonnes in 2024, Minister of National Economy Ruslan Dalenov said on Tuesday at the Cabinet meeting. “Oil production will grow …
Gazprom Neft Improves Field Efficiency Using Artificial Intelligence
Gazprom Neft successfully tested its own digital system to improve the efficiency of oil production. The program allows you to analyze thousands of options for the development of deposits and select the best. According to estimates of its developers from the Scientific and Technical Center of the company, the economic …
Surgutneftegas: Oil Production in Republic of Sakha Increased by 6,7%
In January-November 2014, Surgutneftegas produced 56,192.3 thousand tonnes of crude oil. For the year to date, crude output in the Republic of Sakha (Yakutia) equaled 7,039.5 thousand tonnes, 6.7 % up versus eleven months of the last year. In January-November 2014, overall gas production amounted to 8,547.7 million cubic meters. …
Surgutneftegas Increased Oil Production in Yakutia by 5,7%
In January-August 2014, Surgutneftegas produced 40,856.5 thousand tonnes of crude oil. For the year to date, crude output in the Republic of Sakha (Yakutia) equaled 5,048.8 thousand tonnes, 5.7 % up versus eight months of the last year. In January-August 2014, overall gas production amounted to 6,176.9 million cubic meters. …
Bashneft Boosts Oil Production by 11.5% in the Second Quarter of 2014
Bashneft has released its preliminary operating results for the second quarter of 2014 -Average daily production reached a 20-year high of 48.1 thousand tonnes -Production growth rate at brownfields increased to 2.6% -A new asset in Western Siberia, LLC Burneftegaz, accounted for 3.8% of production -88.8% of gasoline output met …
Cadogan Petroleum: Interim Management Statement
Cadogan published its Annual Financial Report for the year ended 31 December 2013 on 28 April 2014. Political situation We continue to monitor the current political situation in Ukraine carefully but there have been no disruptions to the Company’s operations, or ability to operate effectively, in any of our operating locations. As a …
Shelton Petroleum AB: Production report for December 2013
Shelton Petroleum’s total oil production in December 2013 amounted to 29,800 barrels, equivalent to 961 barrels per day. Production in the fourth quarter 2013 amounted to 92,060 barrels, equivalent to 1,001 barrels per day. “As a result of the successful drillings in Bashkiria, production has almost doubled in 2013. During …