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Production News

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 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. ...
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...
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...
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...
Libya’s Oil Output Nudges Higher
Libya >> 9/28/2016 - Libya, struggling to revive its energy industry after five years of armed conflict, restarted production at an eastern oil field and was poised to export crude from the port of Zueitina for the first ...
Condor Petroleum Starts Commercial Production at Shoba oil Field
Kazakhstan >> 9/27/2016 - Condor Petroleum commenced commercial oil production at the Shoba oil field in Kazakhstan on September 18, 2016. Current stabilized production is exceeding 500 barrels per day as forecast and oil sale...
Additional Recompletion Wells GY-668 & GY-288
Trinidad and Tobago >> 9/27/2016 - LGO is pleased to announce that stable production has been established from a new oil pay interval in well GY-668, the fifth of its planned heavy work-overs at the Goudron Field in Trinidad, and that ...
Eni Resumes Production at the Goliat Field
Norway >> 9/27/2016 - Eni Norge resumed production on the Goliat field early Tuesday morning. Production was halted on August 26th caused by gas detection in an unwanted area, during a planned venting of gas, as part of a ...
Madagascar Oil Production Used as Feedstock for Power Plant
Madagascar >> 9/27/2016 - Madagascar Oil is pleased to announce the first utilization of Tsimiroro heavy fuel oil to the Mandroseza power plant, operated by Symbion Power. ...
UAE Says Backs Output Freeze to Support Oil Markets
United Arab Emirates >> 9/26/2016 - The United Arab Emirates would support a global oil freeze initiative to help support markets, its oil minister said ahead of a meeting of oil producers and consumers in Algeria. ...
Saudis Offer Oil Cut for Opec Deal if Iran Freezes Output
Saudi Arabia >> 9/23/2016 - Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its own output this year, in a major compromise ahead of talks in Algeria next week, three sources familiar with the discu...
Iraq Minister of Oil Directs to Make an Urgent Plan to Restart Kayiara Fields
Iraq >> 9/22/2016 - Mr. Jabbar A. Allibi the minister of oil directed the north oil company (NOC) to make an urgent plan to restart the work & production in Kayiara fields in Mosul after taking the control by the technic...
Enping 18-1 Oilfield Commences Production
China >> 9/21/2016 - CNOOC Limited announced that the Enping 18-1 oilfield has commenced production. The Enping 18-1 oilfield is located in the Pearl River Mouth Basin of the South China Sea with an average water depth of...
Expro Awarded $30m Production Contract in India
India >> 9/20/2016 - International oilfield services company, Expro, has been awarded a contract worth over $30m with the Hindustan Oil Exploration Company (HOEC) for the Dirok gas field in India. ...
New Fields to Boost Algerian Gas Output in 2017
Algeria >> 9/20/2016 - Algeria is on track for more than 9 billion cubic meters a year additional gas output next year when three delayed projects in its south west come online, a source at state energy company Sonatrach sa...
Statfjord Field Passes Historic 5 Billion Barrels
Norway >> 9/19/2016 - On Monday 19 September minister of petroleum and energy Tord Lien together with Statoil, Centrica and ExxonMobil celebrated the 5 billion barrels of oil equivalent delivered by Statfjord since first o...
Tethys Oil Increases Production in Oman
Oman >> 9/19/2016 - Tethys’ share of the production, before government take, from Blocks 3 and 4 onshore the Sultanate of Oman amounted in August 2016 to 387,174 barrels of oil, corresponding to 12,489 barrels of oil per...
Indonesia Targets 22% Rise in Crude Output from Cepu Block in 2017
Indonesia >> 9/19/2016 - Crude oil output from Exxon Mobil's Cepu block in Indonesia is targeted to reach 200,000 barrels per day (bpd) in 2017, the head of Indonesia's upstream oil and gas regulator said on Monday, up from a...
PDVSA Maintains Domestic Oil Production Using its Own Capacity
Venezuela >> 9/19/2016 - In a scenario of low oil prices, which has affected the investment capacity of oil companies worldwide, Petroleos de Venezuela, S.A. has managed to maintain production capacity in operational areas by...

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