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Gazprom Sees Cheap Gas Keeping European Buyers Hooked for Years
Russia >> 2/28/2017 - Russia will keep Europe hooked on its natural gas for years to come, using its huge reserves and lower production costs in Siberia to maintain attractive prices, according to state-run Gazprom PJSC. ...
Yurubcheno-Tokhomskoye Field to Produce 0.8 million Tonnes of Oil in 2017
Russia >> 2/28/2017 - Oil production at the Yurubcheno-Tokhomskoye oil field, which is expected to be launched later this year by Russia's largest oil producer Rosneft, is expected to produce 800,000 tonnes of oil in 2017,...
Gabon Oil Workers to Persist with Strike as Some Output Resumes
Gabon >> 2/25/2017 - Some oil production from fields in Gabon resumed on Friday despite a continuing strike by workers, although output remained severely constrained. Gabon's government sent soldiers to retake control cen...
Algeria's Hassi Messaoud Field Caps Output in Line with OPEC Agreement
Algeria >> 2/24/2017 - Algeria's biggest oilfield Hassi Messaoud is currently capping production at 430,000 barrels per day to keep it in line with OPEC's agreement to cut output, a Sonatrach official said late on Thursday....
Kuwait to Raise Oil Output Capacity to 4.75 mln bpd by 2040
Kuwait >> 2/21/2017 - OPEC-member Kuwait plans to raise its oil production capacity to 4.75 million barrels per day (bpd) by 2040 as part of a strategy to expand its downstream investments, Kuwait state news agency reporte...
Taas-Yuryakh Neftegazodobycha Increased Production by 18.9% in 2016
Russia >> 2/21/2017 - Taas-Yuryakh Neftegazodobycha increased oil production by 18.9% in 2016 compared to the same period in 2015, the production volume ammounted to 1.1mmt. ...
VAALCO Energy Announces Year-End 2016 Reserves
Gabon >> 2/21/2017 - VAALCO Energy, Inc. (VAALCO) announced year-end 2016 proved reserves of 2.6 million barrels of oil equivalent (MMBOE) and reserves replacement of 87% of 2016 production in Gabon, based on its reserves...
Eland Oil & Gas Provides Update on Nigeria Operations
Nigeria >> 2/21/2017 - Eland Oil & Gas PLC, an oil & gas development and exploration company operating in West Africa with an initial focus on Nigeria, is pleased to announce that since the last announcement made by the Com...
Norway Sees Decrease in January Oil Production
Norway >> 2/21/2017 - Preliminary production figures for January 2017 show an average daily production of about 2 024 000 barrels of oil, NGL and condensate. This is 42 000 barrels per day (about 2 percent) less than Decem...
Gazprom Neft Board of Directors Reviews Plans for Developing Catalyst Production
Russia >> 2/20/2017 - The Gazprom Neft Board of Directors has reviewed information on the company’s plans for developing catalyst production and supplying catalysts to enterprises throughout the Gazprom group. ...
LEKOIL Starts Continuous Production at Otakikpo
Nigeria >> 2/20/2017 - LEKOIL, the oil and gas exploration, development and production company with a focus on Africa, is pleased to announce that further to the announcement on 8 December 2016, the six kilometre offshore p...
East Messoyakha Field Produces the First Million Tons of Oil
Russia >> 2/20/2017 - Messoyakhaneftegaz, a joint venture of Gazprom Neft and Rosneft, produced its millionth ton of oil. This rate was achieved in less than 5 months since the beginning of production at the most northern ...
First Millionth Tonne of Oil Produced at Vostochno-Messoyakhskoye Field
Russia >> 2/17/2017 - Messoyakhaneftegaz, a joint enterprise between Gazprom Neft and Rosneft, has produced the millionth tonne of oil at the Vostochno-Messoyakhskoye field (Yamalo-Nenets Autonomous Okrug, Gydan Peninsula)...
First Production from Stella Field in the UK North Sea
United Kingdom >> 2/17/2017 - Ithaca Energy Inc. (Ithaca) is pleased to announce the successful start-up of production from the Stella field. Production has been started from the field and oil export to the adjacent shuttle tanker...
Gazprom Neft Developing Oil-Production Technologies for Gas Cap Drive Reservoirs
Russia >> 2/15/2017 - As part of its ongoing “Technology Strategy”, Gazprom Neft has established a programme directed at developing technologies to exploit oil reserves located below a gas cap. Implementation of the projec...
Brazil's Oil and Natural Gas Production in January
Brazil >> 2/15/2017 - Petroleo Brasileiro S.A. – Petrobras informs that its total oil and natural gas production in January was 2.86 million barrels of oil equivalent per day (boed), of which 2.74 million boed were produce...
Italy's Eni to Start Production in Egypt by End of 2017
Italy's Eni to Start Production in Egypt by End of 2017 Egypt >> 2/14/2017 - Italian oil and gas company Eni said on Tuesday that Zohr oil field, which the company discovered in 2015, will enter production before end of year, Eni's chief executive said at an oil conference in ...
Tethys Oil: Correction of Export Error Affects Revenue and Result Negatively
Oman >> 2/14/2017 - Tethys Oil has been informed by the operator of Block 3 and 4, that due to an inadvertent fiscal metering calibration problem, an over-reporting of exported oil from Blocks 3 and 4 during the period A...
Norway's Oil Minister Officially Opens Aker BP's Ivar Aasen Field
Norway >> 2/13/2017 - Norway's Minister of Petroleum and Energy Terje S?viknes has officially opened Aker BP's Ivar Aasen field in the North Sea. 'The development of Ivar Aasen is an important milestone for the oil indust...
7thNorth Africa Petroleum Exhibition & Conferences (NAPEC) 2017
Algeria >> 2/12/2017 - Libya's National Oil Corporation (Libya NOC) is working on restoring its oil and gas production capacity to the same level prior to the Arab Spring, and plans to discuss partnerships with oil service ...

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