Kazakh Energy Minister Says New Tengiz Expansion Cost too High
NUR-SULTAN (Reuters) – Kazakhstan believes an increased cost estimate for the Tengiz oilfield expansion is too high and wants oil majors Chevron (CVX.N) and ExxonMobil (XOM.N) to review it, Energy Minister Kanat Bozumbayev said on Wednesday. Chevron, which leads the consortium developing one of the Central Asian nation’s biggest oilfields, …
Chevron Boosts Spending 9% with Focus on Permian, Kazakhstan
Chevron said Thursday it will hike its 2019 capital spending by 9 percent up to $20 billion with major focuses on West Texas’ booming Permian Basin and the massive Tengiz oil field in Kazakhstan. The spending increase comes despite oil prices falling by more than 30 percent since early October …
TCO and KPO Plan Maintenance at Tengiz and Karachaganak Oilfields for Aug-Oct 2018
Tengizchevroil (TCO) and Karachaganak Petroleum Operating (KPO) plan to carry out maintenance at their Tengiz and Karachaganak oilfields in Kazakhstan in summer and autumn, respectively, , Kazakhstan’s Energy ministry said on Monday. Oil production at TCO’s Tengiz is expected to fall by around 500,000 tonnes in August and by 380,000 …