Production News

Arcticgas Launches the Yaro-Yakhinskoye Field
Russia >> 4/15/2015 - OAO NOVATEK announced that Arcticgas (a joint venture between NOVATEK and GazpromNeft) launched the Yaro-Yakhinskoye field, which is the third field launched into commercial production by this joint v...
Iranian Oil Minister Says OPEC Should Cut Production by at Least 5%
Iran >> 4/15/2015 - The Organization of Petroleum Exporting Countries should cut its target daily production of oil by at least 5 percent, or approx. 1.5 million barrels, Iranian Oil Minister Bijan Zanganeh was quoted as...
Indonesia Gas Deficit to Triple Over Next 10 Years
Indonesia >> 4/15/2015 - Indonesia's domestic gas production in 2015 is expected to fall short of demand by 1.5 billion cubic feet per day (bcfd), with the deficit increasing up to 4.5 bcfd by 2025, state-owned energy firm Pe...
Rosneft Increased Gas Production by 19.7% in Q1
Russia >> 4/15/2015 - Consolidated Rosneft gas production in the first quarter increased by 19.7% compared to the same period last year and amounted to 15.8 BCM. Thus, the Company is among the three largest producers of na...
Vaalco Announces Continued Success with First Production from Etame 12-H
Gabon >> 4/14/2015 - VAALCO Energy, Inc announced first production from Etame 12-H, a development well drilled from the Etame platform offshore Gabon. Etame 12-H was drilled to a measured depth of approximately 3,450 met...
AWE Brings Pateke-4H Well onto Production at Tui Area Oil Fields
New Zealand >> 4/7/2015 - AWE Limited advises that the subsea tie-back and installation project to connect the Pateke-4H development well to the Tui area oil fields gathering system has been successfully completed and that oil...
West Karoun Oilfields’ to Raise Iran’s Oil Output by 280,000bpd
Iran >> 4/4/2015 - The five oilfields Iran shares with Iraq, dubbed the West Karoun oilfields, are planned to boost the country’s oil output by 280,000 barrels per day (bpd) by the end of current Iranian calendar year (...
DNO Suspends Operations in Yemen
Yemen >> 3/31/2015 - DNO ASA, the Norwegian oil and gas operator, suspended production in Yemen due to the continuing deterioration of security conditions. Prior to the suspension, combined production from Block 32 and Bl...
ExxonMobil Begins Production at Hadrian in Gulf of Mexico
United States >> 3/30/2015 - Exxon Mobil Corporation began production in the deepwater Gulf of Mexico at Hadrian South with facilities tied back to the nearby Lucius project, reducing additional infrastructure requirements. ...
Libya Boosts Oil Output Despite Turmoil
Libya >> 3/27/2015 - Libya, struggling with militant attacks and two governments vying for control of the country, has boosted oil production to around 622,000 barrels a day (bpd), a report from state firm NOC said, highe...
Ethiopia Eyes Gas Production, Exports by 2017
Ethiopia >> 3/27/2015 - Ethiopia expects to start producing and exporting natural gas from under-developed reserves in its southeast by 2017, Prime Minister Hailemariam Desalegn said. ...
CNOOC to Boost Output 18% Over 3 Years
China >> 3/27/2015 - China's top offshore oil producer CNOOC Ltd said on Friday it aims to boost output by 18 percent over the next three years, after reporting stronger-than-expected 2014 profit on cost cuts and higher p...
Central Java's Trembul Field Holds 32.8M Barrels of Oil
Indonesia >> 3/23/2015 - Singapore-listed GSS Energy Limited (GSS Energy, and together with its subsidiaries, the Group) reported that it has received the Qualified Person’s Report (QPR) on the reserves and contingent resourc...
Wintershall Restarts Libyan Onshore Oil Production Fields
Libya >> 3/22/2015 - Wintershall suspended production for sustained periods during 2014 Germany’s largest oil and gas producer, Wintershall, has restarted onshore crude oil production in Libya. ...
Woodside Restarted Production at Pluto LNG
Australia >> 3/20/2015 - Woodside has successfully restarted production at its Pluto LNG Plant. ...
Oil and Natural Gas Production in February
Brazil >> 3/19/2015 - Petrobras announces that its total oil and natural gas production in February 2015 was 2 million 801 thousand barrels of oil equivalent per day (boed), down 1.5% from January (2 million 845 thousand b...
BG Produces First Oil from the Knarr Field in Norway
Norway >> 3/18/2015 - BG Group, a world leader in exploration and LNG, announced the Petrojarl Knarr floating production, storage and offloading (FPSO) vessel had started production from the Knarr oil field in the North Se...
Low Prices will Hamper Nigeria's Bid to Boost Output
Nigeria >> 3/17/2015 - Consistently low oil prices will hamper Nigeria's bid to boost output to 4 million barrels per day (bpd), Oil Minister Diezani Alison-Madueke was quoted as saying at an oil and gas conference in the c...
Will Gas Threaten Coal in Asia's Power Mix?
United Kingdom >> 3/17/2015 - Asia Pacific demand is driving the largest ever level of investment in power generation capacity over the next two decades, with over 2,000 GW expected to be added by 2030. ...
Condor Petroleum Suspends Production at Shoba
Kazakhstan >> 3/16/2015 - Condor Petroleum Inc. is pleased to provide an update on operational activities on the Zharkamys West 1 Territory in Kazakhstan. ...

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