Production News
| China >> 11/7/2016 - LG Chem Ltd, South Korea's largest chemical company, said it will invest $100 million to double output of lucrative acrolonitrile, butadiene and styrene (ABS) plastics at its joint venture plant in Ch... |
| Algeria >> 11/6/2016 - Algeria's Energy Minister Nouredine Bouterfa said he was confident OPEC members would stick to a deal made in Algiers in September to cut output, saying the group's technical committee was working on ... |
| Brazil >> 11/4/2016 - Total production of oil and natural gas in Brazil in September totaled 3.366 million oil equivalent barrels per day, surpassing the previous record achieved in August 2016, when they produced 3,293 MM... |
| Saudi Arabia >> 11/4/2016 - Old disputes between Saudi Arabia and rival Iran resurfaced at a meeting of OPEC experts, with Riyadh saying it could raise oil output steeply to bring prices down if Tehran refuses to limit its suppl... |
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Venezuela >> 11/4/2016 - The president of the Bolivarian Republic of Venezuela, Nicolas Maduro, signed financing agreements for 1.4 billion to increase production at the joint ventures Petrolera Indovenezolana and Petrodelta.... |
| Russia >> 10/31/2016 - Commercial production at the Vladimir Filanovsky field in the Caspian Sea was launched today by the President of the Russian Federation Vladimir Putin. ... |
| Ecuador >> 10/30/2016 - he General Manager Petroamazonas EP, Alex Galarraga announced that until December this year the company expects to reach 470,000 barrels a day of oil, consolidating the tendency to increase production... |
| Brazil >> 10/28/2016 - Global offshore oil production (including lease condensate and hydrocarbon gas liquids) from deepwater projects reached 9.3 million barrels per day (b/d) in 2015. Deepwater production, or production i... |
| Brazil >> 10/27/2016 - Petrobras intend to put into operation a new definitive system of production each year in the area of Libra, starting with the northwest area of the block. The first of these four systems come into op... |
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Bolivia >> 10/26/2016 - The President of the Plurinational State of Bolivia, Evo Morales, and Repsol Chairman Antonio Brufau led the signing ceremony of an extension of the production contract in the Caipipendi area, in the ... |
| Russia >> 10/26/2016 - The Gazprom Management Committee reviewed the readiness of the Unified Gas Supply System (UGSS) facilities for operation at peak loads in the 2016–2017 autumn/winter period and took note of the measur... |
| Iran >> 10/26/2016 - As many as 4,000 barrels a day of oil will be extracted from Danan oil field once Danan separation center is operational in Aban (October 21-November 21). ... |
| Russia >> 10/25/2016 - LUKOIL started commercial production at the Pyakyakhinskoye oil and gas condensate field in the Yamal-Nenets Autononous District. The official ceremony was attended by Deputy Prime Minister of the Rus... |
| Saudi Arabia >> 10/25/2016 - Global offshore oil production (including lease condensate and hydrocarbon gas liquids) in 2015 was at the highest level since 2010, and accounted for nearly 30% of total global oil production. Offsho... |
| Norway >> 10/24/2016 - Production at Statoil's Statfjord A oil platform in the North Sea has restarted after it was shut due to a fire on Oct. 16, the company said. "Production has resumed at Statfjord A since Friday mornin... |
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Egypt >> 10/23/2016 - Egypt will boost production of natural gas to 5 billion cubic feet per day in the 2017-2018 fiscal year as the giant Zohr field comes online, but will still also ramp up gas imports to feed a spike in... |
| Libya >> 10/18/2016 - Libya resumed production at the Waha oil field last week bringing overall production to 580,000 barrels per day. ... |
| Norway >> 10/18/2016 - Preliminary production figures for September 2016 show an average daily production of 1 591 000 barrels of oil, NGL and condensate, which is a decrease of 344 000 barrels per day (approx. 18 percent) ... |
| Nigeria >> 10/17/2016 - OPEC member Nigeria expects its oil production rate to jump by 22 percent by the year-end to 2.2 million barrels per day (bpd) from current levels, its oil minister said, adding he hoped a force majeu... |
| Kazakhstan >> 10/17/2016 - Condor Petroleum Inc. (CPI) is pleased to announce that commercial oil production has commenced at the Taskuduk oilfield in Kazakhstan. The production from Taskuduk compliments the Sho... |
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