Lukoil’s Hydrocarbon Production Grew by Seven Percent in 2022
Lukoil’s hydrocarbon production in 2022 increased by 7%, excluding the West Qurna 2 project, to 2.3 million barrels of oil equivalent per day, according to the company’s annual report. “At the end of 2022, the group’s hydrocarbon production amounted to 2.3 million barrels of oil equivalent per day, of which …
Head of the Ministry of Energy Noted the Growth of Capital Investments in Oil Production
According to the results of 2022, the capital investments of Russian vertically integrated oil companies (VIOCs) in oil production increased by 1.2 times, or by about 20%, to 1.818 trillion rubles, follows from the presentation of the head of the Ministry of Energy of the Russian Federation Nikolay Shulginov to …
Petrosibir: Production report February 2023
Petrosibir’s total oil production during February 2023 amounted to 20,699 barrels, equivalent to 739 barrels per day. The table below summarises the average monthly / daily production in 2023 and per month in 2022, broken down by region. 2022 2023 Average Jan Feb Total production Bashkiria 6 683 6 005 …
United States Predicted a Record Production of Shale Oil in April
Oil production at the seven largest US shale deposits in April could reach its highest since December 2019, the Energy Information Administration (EIA) of the US Department of Energy said on Monday. It is estimated that shale oil production could rise by 68,000 barrels per day – the slightest increase …
OPEC Raises Estimate of Oil Production Outside the Organization in 2023
OPEC raised its estimate of oil production outside the organization in 2023 by 190,000 barrels per day, expecting its growth compared to 2022 to 67.2 million barrels per day, follows from the March report of the organization. The estimate of the indicator in the first quarter increased by 350,000 barrels …
United States Oil Production is Expected to Rise in Large Oil and Gas Regions of the Country in March
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 March compared to the current month by 75 thousand barrels per day, or 0.8%, to 9.357 million barrels, the Energy Information Administration …
Petrosibir Production report January 2023
Petrosibir’s total oil production during January 2023 amounted to 23,088 barrels, equivalent to 745 barrels per day. The table below summarises the average monthly / daily production in 2023 and per month in 2022, broken down by region. 2022 2023 Average Dec Jan Total production Bashkiria 6 683 5 940 …
The US Department of Energy raised the forecast for oil production in the Russian Federation for 2023 to 9.9 million bpd
The US Department of Energy has adjusted the forecast for oil production in the Russian Federation for 2023, increasing it by 380 thousand b / d, to 9.87 million b / d, according to the monthly forecast of the Energy Information Administration (EIA). The forecast figure is 1.07 million b/d …
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 …
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 …