The US Department of Energy Predicted an Increase in Oil Production in the Country in June
Oil production in the main oil and gas producing regions of the United States, in which a significant part of the production is shale oil, will rise in June compared to the current month by 41 thousand barrels per day, or 0.4%, to 9.332 million barrels, the Energy Information Administration …
Yamal LNG Produces its Billionth Cubic Meter of Tight Gas from Jurassic Reservoirs
PAO NOVATEK (the “Company”) announced that the Company’s joint venture Yamal LNG has produced its billionth cubic meter of gas from the South-Tambeyskoye gas and condensate field’s Jurassic reservoirs on the Yamal Peninsula since the start of production of Jurassic gas in 2020. The Jurassic program, which is one of …
Rosneft Produced the 10 Millionth Ton of Oil at the Tagulskoye Field
RN-Vankor (part of Rosneft’s oil production complex) has produced 10 million tons of oil at the Tagulskoye field since the start of its operation. Oil production at the Tagulskoye field is provided by 224 wells. Oil treatment is carried out at four mobile oil treatment units. Commercial quality oil is …
USA Expects OPEC to Increase Oil Production Next Year
The US Department of Energy expects OPEC oil production to fall by 300 thousand barrels per day in 2023, however, if the current production cut in OPEC + ends, in 2024 the organization will be able to increase liquid hydrocarbon production by 600 thousand barrels per day, follows from the …
Saudi Aramco 1Q 2023 Profit Down 19% To $31.9 Billion
Saudi Aramco’s average hydrocarbon production was 12.8 mmboe/d (-1% YoY). Net profit of Saudi Aramco in the 1st quarter of 2023 amounted to 31.9 billion US dollars against 39.5 billion for the same period in 2022, down 19% (YoY). The information follows from the company’s reporting. In the reporting period, …
The United States Slightly Lowered the Forecast of Oil Production in the Country in 2023 – by 10 Thousand b/d, to 12.53 Million b/d
The US Department of Energy has lowered the forecast for oil production in the country (excluding other liquid hydrocarbons) for 2023 from 12.54 million b / d to 12.53 million b / d, according to the monthly forecast of the Energy Information Administration (EIA) of the Department of Energy. At …
BP Increased Gas Production From the Shah Deniz Field by 17% In the First Quarter
In the first quarter of 2023, BP-Azerbaijan produced 7 billion cubic meters of gas from the Shah Deniz field in the Azerbaijani sector of the Caspian Sea, which is 16.7% more than in January-March 2022, Interfax-Azerbaijan was told in a press release. company service. The Shah Deniz field also produced …
Russia Reaffirms Commitment to Voluntary Cuts in Oil Production
Russia reaffirms its full commitment to and implementation of its voluntary cut in oil production, Russian Deputy Prime Minister Alexander Novak told reporters. “Given the unfounded speculation in the press regarding oil production levels, Russia reaffirms its full commitment to and implementation of voluntary oil production cut levels,” he said. …
NOVATEK is Implementing an Oil Program at the Harbeyskoye Field
NOVATEK-Tarkosaleneftegaz, a subsidiary of NOVATEK, is building an oil treatment unit (OTF) at the Harbeyskoye oil and gas condensate field (NGKM) in the Yamalo-Nenets Autonomous Okrug (YaNAO). NOVATEK announced this on May 3, 2023 in its Telegram channel. The OTU is being built on a neighboring site with an operating …
LUKOIL Produced 9 Million Tons of Oil at the A. Usoltsev Field
Cumulative oil production of LLC LUKOIL-Western Siberia (100% subsidiary of PJSC LUKOIL) at the field im. A. Usoltseva in the Khanty-Mansiysk Autonomous Okrug exceeded 9 million tons. There are 44 well pads at the field. The operating fund consists of 864 wells, 29 of them have been drilled since the …