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Production News

New Production Capacities at Bovanenkovskoye Field Enter Operation
Russia >> 1/18/2017 - The ceremonial inauguration of new production capacities and the Bovanenkovo – Ukhta 2 gas trunkline took place today at the Bovanenkovskoye field. The event was attended by Alexey Miller, Chairman of...
Norway Sees Decrease in December Production
Norway >> 1/17/2017 - Preliminary production figures for December 2016 show an average daily production of 2 094 000 barrels of oil, NGL and condensate, which is a decrease of 60 000 barrels per day (approx. 3 percent) com...
CNOOC Commences Production at the Enping 23-1 Oil Fields
China >> 1/17/2017 - CNOOC Limited has announced that the Enping 23-1 oil fields have commenced production.The Enping 23-1 oil fields are located in the Pearl River Mouth Basin of the South China Sea with an average water...
Saudi Aramco to Continue Building Oil, Gas Capacity to Meet Demand
Saudi Arabia >> 1/17/2017 - Saudi Aramco Chief Executive Amin Nasser said the state oil giant was working on building its oil and gas production capacity to meet future demand growth. ...
Lorestan Petchem Plant Operational
Iran >> 1/16/2017 - Lorestan Petrochemical Plant has come on-stream with 90% of its nameplate production capacity, the facility's CEO said. Mohammad Hossein Maghazehei said the plant has produced 137,000 tons of petroche...
ADNOC Shuts Half Capacity at Ruwais Refinery after Fire
United Arab Emirates >> 1/16/2017 - Abu Dhabi National Oil Company (ADNOC) has shut half the capacity at its 800,000 barrels-per-day Ruwais refinery after a fire there last week, three industry sources familiar with the matter said. ...
Iraq is Keen to Succeed the Agreement of OPEC to Cut Production
Iraq >> 1/16/2017 - The work sheet which was presented by Mr. Jabbar A. Allibi the minister of oil during the annual energy forum in Abu-Dhabi, took a considerable attention by the economic entities and the concerned aut...
Aker BP Sees Production Growth in 2007
Norway >> 1/16/2017 - Aker BP ASA (AKER BP) increases reserves and maintains very good results in exploration, drilling and wells, projects and production. The company has a strong cash flow outlook and its robust balance ...
Iran Reachs Qatar in South Pars Gas Production
Iran >> 1/14/2017 - Mohammad Meshkinfaamannounced the current daily production of South Pars field as 500 million cubic feet meters in the press conferences held on the occasion of the 18th anniversary of the company est...
Libya's oil production up to 750,000 bpd
Libya >> 1/14/2017 - Libya's oil production is up to 750,000 barrels per day (bpd), the deputy leader of the U.N.-backed government said on Friday, a rise of about 50,000 bpd from last week. A two-year blockade on pipelin...
CNOOC Commences Production at Penglai 19-9
China >> 1/13/2017 - CNOOC Limited has announced that the Penglai 19-9 comprehensive adjustment project has commenced production. ...
Russia's Novatek Says Gas Output Down 2.7% In 2016
Russia >> 1/13/2017 - Russia's No.2 natural gas producer Novatek said its gas output declined by 2.7 percent in 2016, while gas condensate and oil production jumped by almost 37 percent as it commissioned new fields. ...
OMV to Resume Production at Maari Oil Field
New Zealand >> 1/12/2017 - The Maari oil-field, 80km off the Taranaki Coast, is set to progressively resume production this week says its operator, OMV New Zealand. The company stopped production in late November last year as a...
Horizon Oil Reports Significant Production Milestone at Beibu Gulf Fields
China >> 1/12/2017 - Horizon Oil has advised that on 10 January 2017 production from the Beibu Gulf fields, offshore China, which came on stream in March 2013, reached a total of 13.9 million barrels of oil. ...
Petrobras Reaches Its Production Target
Brazil >> 1/11/2017 - Petroleo Brasileiro S.A., Petrobras reports that the Company’s average oil production in Brazil reached an annual historical record in 2016, at 2.144.256 barrels per day (bpd), 0.75% above the results...
Gazprom Neft Expects to Start Pilot Project Works at Severo-Samburgskoye Field in 2017
Russia >> 1/10/2017 - Gazprom Neft subsidiary Gazpromneft-Yamal has announced plans to begin pilot operations at the Severo-Samburgskoye field, located in the Purovsky district in the Yamalo-Nenets Autonomous Okrug, in 201...
Russia Cuts Oil Output by 100,000 Bpd in Early Jan 2017
Russia >> 1/9/2017 - Russia cut its oil production in early January by around 100,000 barrels per day (bpd) from the previous month after an agreement with OPEC to cap global crude output, two sources from the energy sect...
Iran Gas Output up 50% in 3 Years
Iran >> 1/7/2017 - Iranian Minister of Petroleum Bijan Zangeneh says Irans gas output has raised its natural gas output by 50% over the course of the past three years. ...
S. Sudan’s Unity Oil Fields to Resume Production within Two Months
South Sudan >> 1/6/2017 - South Sudan will resume oil production from the Unity oil fields in a two-month period said officials in Bentiu and Khartoum, asserting that the area is no longer troubled by rebel presence. Petroleum...
Saudis & Russia to Diverge on Speed of Oil Output Cuts
Russia >> 1/6/2017 - OPEC and non-OPEC members have pledged to cut their combined oil production by an average of just over 1.7 million barrels per day (bpd) in the first six months of 2017. ...

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