Production News

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. ...
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...
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. ...
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...
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...
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 ...
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 ...
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...
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...

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