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Production News

Gachsaran Raises Output 40,000bpd
Iran >> 10/17/2016 - According to Managing Director of Gachsaran Oil & Gas Producing Company, crude oil output company's owned hydrocarbon reservoirs have increased by 40,000 barrels per day. ...
New Monthly Oil & Gas Total Production Record for Brazil
Brazil >> 10/17/2016 - Petrobras announced that total production of oil and natural gas in September was 2.88 million barrels of oil equivalent per day (boed), with 2.75 million boed produced in Brazil and 130,000 boed abro...
Crude Oil Production in Oman Drops in September
Oman >> 10/15/2016 - Oman’s crude oil production marginally fell by 0.92 per cent in September to 30.1 million barrels, according to the monthly report issued by the Ministry of Oil and Gas. ...
MOGPC Output Goes up 21%
Iran >> 10/15/2016 - According to Managing Director of Maroun Oil & Gas Producing Company, MOGPC’s total output has increased by 21% during the first half of the current calendar year which began on March 20. ...
Onshore Plant Delivers Giant Kashagan Field’s Oil
Kazakhstan >> 10/14/2016 - Eni announces that the first batch of export crude oil has been shipped from the onshore processing plant of the giant Kashagan oil field. Following the successful pipelines replacement, the field has...
Iran Joint Field Gas Extraction to Equal Qatars
Iran >> 10/14/2016 - The minister said that since phases 12, 15 and 16 and part of phases 17 and 18 are operational and the remaining part of phases 17, 18 and 19 (equal to two standard phases), as well as phases 20 and 2...
Kuwait Energy Starts Oil Output at Faihaa-2 Well in Basra
Kuwait >> 10/13/2016 - Kuwait Energy Plc said that it had started commercial oil production at the Faihaa-2 well in the Block 9 concession of Basra governorate in southern Iraq. ...
Rosneft Says No to Opec Ooil Freeze
Russia >> 10/11/2016 - Rosneft boss Igor Sechin said his company will not cut or freeze oil production as part of a possible agreement with Opec. ...
Russia's Lukoil Makes Request to Boost Output at West Qurna-2 Oilfield
Iraq >> 10/10/2016 - A meeting between Minister of Oil of Iraq Jabar Ali Hussein al-Luaibi and President of LUKOIL Vagit Alekperov took place in Baghdad. ...
Rosneft to Boost Positions in the Turkish Oil Products Market
Turkey >> 10/10/2016 - Rosneft, Petrocas Energy and Demiroren Group signed within the World Energy Congress Heads of Terms on cooperation and the supply of petroleum products to Turkish market. ...
Rosneft & SOCAR Turkey Enerji AS Signed a Heads of Terms on Oil and Oil Products Supply
Russia >> 10/10/2016 - Rosneft and SOCAR Turkey Enerji AS signed at the World Energy Congress a Heads of Terms on oil and petroleum products supply. ...
OPEC Officials Set for Flurry of Meetings to Nail down Algeria Deal
Algeria >> 10/7/2016 - OPEC officials are embarking on an unusual flurry of meetings in the next six weeks, OPEC sources said on Friday, to nail down details of their deal to cut production agreed last week in Algiers. ...
Venezuela Signs Strategic Agreements to Increase Oil and Gas Production
Venezuela >> 10/7/2016 - President of the Republic Nicolas Maduro signed a series of strategic agreements to bolster the nation’s oil and gas production during the National Council on Productive Economy held at Miraflores Pal...
PDVSA to Reactivate 931 Wells in Lake Maracaibo
Venezuela >> 10/5/2016 - Petroleos de Venezuela, S.A. (PDVSA) is moving forward with its strategic plans through two partnerships to develop major projects to replace flow and gas lines. They include the repair and connection...
Production Report for September 2016
Russia >> 10/4/2016 - Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to its average production volumes for August 2016 and for the year to date. ...
Petrobras & Statoil Extend Partnership for Old Wells
Brazil >> 10/4/2016 - Petroleo Brasileiro SA and Norway's Statoil ASA are expanding an existing partnership to help the Brazilian state-controlled company arrest declining production at aging wells in the offshore Campos B...
Gazprom & BASF/Wintershall Discuss Transmission of Russian Gas to Europe
Russia >> 10/4/2016 - A working meeting between Alexey Miller, Chairman of the Management Committee of Gazprom, and Hans-Ulrich Engel, Member of the Board of Executive Directors of BASF and Chairman of the Supervisory Boar...
Production Freeze Agreement to Stabilize the Oil Market
Venezuela >> 9/29/2016 - The People's Minister of Petroleum and President of Petroleos de Venezuela, S.A. (PDVSA), Eulogio Del Pino, celebrated as a historic achievement the decision by the Organization of Petroleum Exporting...
Russia's Sakhalin Oil Output to Rise by 8% in 2016
Russia >> 9/29/2016 - Russia's Pacific island of Sakhalin is expected to increase oil production by 8 percent in 2016 from a year ago, a regional official said, which would add to the global glut the industry currently fac...
KOGPC Meets 98.4% Production Target
Iran >> 9/28/2016 - According to Managing Director of Karoun Oil & Gas Producing Company (KOGPC), by the end of first half of the current Iranian calendar year, 1.2 million barrels of crude oil has been extracted, equali...

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