Surging oil production in Nigeria led output from the Organisation of Petroleum Exporting Countries (OPEC) to a one-year high in August, a Bloomberg survey showed.
Mexico’s actions to end its state monopoly on oil and natural gas will spur a “profound” increase in country’s oil production, raising it by about 75 percent by 2040, the U.S. Energy Information Administration (EIA) predicted, according to thehill.com portal.
The oil production at 40-45 million tons will be sufficient to ensure the inflow of revenues from the required quantity sale into Azerbaijan, Energy Minister Natig Aliyev said at the seventh Caspian Oil and Gas Trading and Transportation Conference in Baku on April 28, A
Preliminary production figures for March 2014 indicate an average daily production of about 1 913 000 barrels of oil, NGL and condensate, Norwegian Petroleum Directorate said on April 11.
Russia’s oil production increased by 1.3 percent in the first three months of the year, as compared to the same period of 2013, and amounted to 130 million tonnes, the central fuel and energy supervisory department said in its report made public on April 2, Itar-Tass has
OPEC crude oil production dropped in March, led by declines in Angolan and Libyan output, a Bloomberg survey showed, Bloomberg said on March 31.
In February oil production in Azerbaijan fell by 9.2% compared to January 2014, abc.az reported on March 18.
In 2013, the PGNiG Group earned over PLN 1.9bn in net profit, which was primarily attributable to record-high crude oil production after the Lubiatów facility and the Skarv field on the Norwegian Continental Shelf were brought on-stream, and to improved profitability of
South Sudan’s oil production has dropped by nearly 30 per cent since mid-December last year, due to fighting between government forces and rebels loyal to former Vice-President Riek Machar, officials said, Business Day reported on March 3.
Colorado is edging toward breaking a nearly 60-year-old oil production record, while natural-gas production has slowed somewhat, Denver Post reported on February 28.