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 …
Gas Reserves in Russia Will Last Another Hundred Years
Unlike Europe, where their gas quickly ran out and they had to import it further, Russia has enough reserves. There will be enough gas for another 100 years to provide the population with cheap fuel. The beginning of gas use in Russia at the end of the 19th century was …
8th KDR Well Engineering Forum Travels to Aktau in 2023!
After returning “onsite” to Astana for the first time since the pandemic in November last year, the team have been working on a quick turnaround and KDR 2023 will go “on the road” for the first time since our launch in 2015. We will be hosting the forum on the …
Oil Production in Komi increased by 7%
In 2022, 14.3 million tons of oil with gas condensate were pumped out in the Komi Republic. This is 7.6% more than in 2021. The main growth in oil and gas condensate production (9%) was accounted for by OOO LUKOIL-Komi and NNK-Severnaya Neft (+17.5%). It is reported by Komionline. Gas …
BP Noted the Need to Continue Investing in Oil and Gas Production
BP believes that it is necessary to continue global investment in oil and gas production over the next 30 years, despite a decrease in future demand for them, according to the British company’s Energy Outlook 2023 forecast. “Recent energy shortages and rising prices highlight the importance of an orderly transition …
Petrosibir Production Report December 2022
Petrosibir’s total oil production during December 2022 amounted to 22,965 barrels, equivalent to 741 barrels per day. The table below summarises the average monthly / daily production in 2021 and per month in 2022, broken down by region. 2021 2022 Average Jan Feb Mar Apr …
Russia Produced 2% More Oil Last Year
But in 2023, oil production may fall by 7-8%. Russia in 2022 increased oil production by 2%, to almost 535 million tons. Almost all major oil companies have increased production. Writes about this “Kommersant” (Dmitry Kozlov). LUKOIL grew by 6% to 81 million tons. Surgutneftegaz, which became the third in …
Petrosibir Production report for November 2022
Petrosibir’s total oil production during November 2022 amounted to 22,928 barrels, equivalent to 764 barrels per day. The table below summarises the average monthly / daily production in 2021 and per month in 2022, broken down by region. 2021 2022 Average Jan Feb Mar Apr May …