Petrosibir: Production Report February 2024
Petrosibir’s total oil production during February 2024 amounted to 19,014 barrels, equivalent to 656 barrels per day. The table below summarises the average monthly / daily production in 2024 and in 2023, broken down by region. 2023 2024 Average Jan Feb Total production …
Inaugural Eurasia Africa Energy Summit (EAES 2024) and 9th KDR Well Engineering Forum Set to Merge in Astana
Event Date: 19th & 20th September Location: The Rixos President Hotel, Astana, Kazakhstan This September, Astana will become the focal point for the global energy sector as it hosts the first-ever Eurasia Africa Energy Summit (EAES) alongside the 9th Annual KDR Well Engineering Forum. Scheduled for the 19th and 20th …
Petrosibir: Production Report December 2023
Petrosibir’s total oil production during December 2023 amounted to 20,203 barrels, equivalent to 652 barrels per day. The table below summarises the average monthly / daily production in 2023 and in 2022, broken down by region. 2022 2023 Average Jan Feb Mar Apr May Jun Total …
US Shale Producers Will Significantly Reduce Drilling Costs
Next year, US shale operators are expected to significantly reduce US drilling costs, Bloomberg reports. Private oil and gas operators will cut their budgets by an average of 4% to $34.4 billion in 2024, according to Barclays PLC’s annual global spending survey. The cuts, the biggest ever forecast by a …
Petrosibir: Production report November 2023
Petrosibir’s total oil production during November 2023 amounted to 19,721 barrels, equivalent to 657 barrels per day. The table below summarises the average monthly / daily production in 2023 and in 2022, broken down by region. 2022 2023 Average Jan Feb Mar Apr May Jun Total …
LUKOIL Received a License for Development of The Demenevsky Subsoil Site
The LUKOIL-PERM enterprise was recognized as the winner of the auction for the right to use the subsoil of the Demenevsky site, located in the south of the Perm Territory. Its area is more than 159 km², its recoverable resources are 1.8 million tons of hydrocarbons. The license for geological …
Russia Reduced Gas Production Over 10 Months by 9.6%
It amounted to 430 billion cubic meters. m, follows from Rosstat data Russia in January – October 2023 reduced natural gas production by 9.6% compared to the same period of the previous year, to 430 billion cubic meters. m. This follows from Rosstat data. In particular, gas production in October …
Equinor Sells its Nigerian Business to Chappal Energies
Norwegian state-owned energy company Equinor is selling its Nigerian business to energy company Chappal Energies, Equinor said in a press release. “Equinor and Chappal Energies have entered into an agreement to sell to Equinor Nigeria Energy Company (ENEC), which owns a 53.85% stake in the OML 128 oil and gas …
NCOC Reduced Daily Oil Production by 38%
Another large Kazakh company has limited oil production due to the Caspian Pipeline Consortium (CPC) suspending oil shipments at the port of Novorossiysk due to worsening weather conditions. This was reported by the Kazinform agency with reference to JSC “Situational and Analytical Center of the Fuel and Energy Complex of …
Rosneft for 9 Months Increased Production of Liquid Hydrocarbons by 3.9%, to 4 Million bpd
Gas production increased by 33%, to 1.5 million boe/s Production of liquid hydrocarbons by Rosneft over 9 months amounted to 4 million barrels. per day, which is 3.9% higher year-on-year and is mainly due to the resumption of production at the Sakhalin-1 project, the company reported. Against the background of …