Norway Increased Hydrocarbon Production by 10.7% in May
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 Percent in 2022
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 …
Gas Production in Azerbaijan to Increase by 7% in 2023-2026
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 …
Kazakhstan is Ready to Legislate the Right of Exploration Companies for Further Production
Kazakhstan plans to legislate a rule to grant companies that conduct exploration work in the country the rights to further exploration and production, said Minister of Industry and Infrastructure Development Marat Karabaev. “One of the options being discussed is for a company that conducts geological exploration of the subsoil to …
U.S. Oil Production Rose by 200,000 Barrels in the Week to June 2
U.S. oil production for the week ended June 2 increased by 200,000 barrels per day to 12.4 million barrels per day, according to a weekly review by the Energy Information Administration of the country’s Energy Department. On average, over the past four weeks, US oil production amounted to 12.275 million …
The Government Expands the List of Hard-to-Recover Oil Reserves
An interdepartmental working group, established on the initiative of the Ministry of Natural Resources, proposed expanding the criteria for classifying hydrocarbon deposits as hard-to-recover reserves (TRIZ) in a new draft classifier. This is stated in the report of Rosnedr. Vedomosti got acquainted with him. “It is proposed to expand the …
Oil and Gas Production at Sakhalin-1 Reached the Level Before the Start of the Special Operation
Oil and gas production at the Sakhalin-1 project, where work almost completely stopped almost a year ago due to force majeure declared by the American operator ExxonMobil, has returned to the level before the start of Russia’s special operation in Ukraine, Governor of the Sakhalin Region Valery Limarenko said during …
First Gas Produced at Gorgon Stage 2 in Western Australia
Chevron said on Tuesday it has begun gas production from its Gorgon Stage 2 development project off the coast of Western Australia. The development expands the Gorgon project’s existing subsea gas gathering network, which exports LNG to customers across Asia and produces gas for the Western Australian domestic market, Chevron …
Joe Biden imposed restrictions on the development of oil and gas fields near the Chaco Canyon
On June 2, 2023, the Biden Administration decided to stop issuing new oil and gas leases within 10 miles (16 km) of the Chaco Culture National Historical Park. Natives, environmentalists and state officials have long called on the federal government to ban well drilling in the area. The park is …
Lukoil Increased Oil Production at West Qurna-2
Lukoil put into operation two well pads – No. 4 and No. 9 – at the West Qurna 2 field in Iraq, increased oil production to the target of 480,000 barrels per day, a subsidiary of the Lukoil Mid-East Limited group said. “In accordance with the service contract, the company …