production

Rachid Hashishi and Patrick Pouyanné agreed to identify opportunities for cooperation, especially in the field of oil production The CEO of the Algerian state oil and gas company Sonatrach, Rachid Hashishi, met in Algeria with the head of the French oil and gas company TotalEnergies, Patrick Pouyanne. The parties discussed …

This article is being read and print-proofed in our classic PDF format (link) In the constantly evolving world companies have to compete both time-wise and technology-wise to stay successful. It’s well-seen in the ongoing expanding digital transformation of all industries that try to reach better performance and be at the …

But due to the state of the resource base in the country, mostly small deposits are being discovered Rosnedra reported that in January–September 23 new hydrocarbon fields were discovered in the country. However, fewer and fewer large assets are being identified every year. This year, the discovery of a large …

M&A activity is picking up pace in the Permian, the largest shale oil and gas basin in the United States. The M&A wave is being driven by the largest shale formation in the US as companies race to quickly rebuild their dwindling assets. Simply put, given Biden’s green policies and …

Key U.S. shale companies are ramping up production, extracting more from each well, but are in no hurry to bring in significant new production capacity. This is evidenced by the analysis of the reporting of these companies conducted by Reuters. Companies that turned the world oil and gas markets over …

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 …

Production at the Sakhalin-1 and Sakhalin-2 offshore projects has been fully restored, Governor of the Sakhalin Region Valery Limarenko told reporters on Monday. “Production at Sakhalin-1 and Sakhalin-2 has fully recovered, this is the main joy that we have over the past month, we have received important information. We expect …

Norway increased the production of oil, condensate and NGL in May by 10.7% compared to the same month last year – up to 2.01 million barrels per day (b / d), according to preliminary data from the Norwegian Petroleum Directorate (NPD). In April, according to revised data, production was 2.05 …

Surgutneftegas increased oil production by 7.4% last year to 59.6 million tons, the company said. “In the reporting year, oil production by Surgutneftegas PJSC amounted to 59.6 million tons, which is 7.4% higher than in 2021,” the company’s report says. It is noted that in 2022, Surgutneftegaz carried out more …

The international rating agency S&P Global Ratings predicts a decline in oil production in Azerbaijan by about 7% in 2023-2026. “Although oil prices were favorable, Azerbaijan’s production continued to decline. Azerbaijan is one of the oldest oil producers in the world, having started commercial production in the 19th century. Existing …