Search for oil production

19.12.2013 Eastern Indonesia Expected to Yield More Oil, Gas

Resource-rich areas in eastern Indonesia, particularly Maluku and Papua, are expected to produce more oil and gas and contribute to the national output next year despite some hurdles including hard terrain and lack of infrastructure, Jakarta Post reported on December 18.

18.12.2013 Tatarstan Oil Production to Grow by 0.8% in 2013

Tatarstan is going to increase oil production by 0.8% this year to 32.8mn tons. Tatneft will account for the bulk of production with 26.1mn tons, while smaller oil companies are to produce 6.7mn tons of oil.

18.12.2013 Ecuador Invites Belarus to Mature Fields

Ecuador has invited Belarus to take part in projects to extend the life-cycle of mature oil fields, Ecuador Vice President Jorge Glas Espinel told BelTA on December 17. The Ecuadorian Vice President is on a visit to Belarus as part of highest-level agreements.

17.12.2013 Russia’s Lukoil Adopts New Management Strategies

Lukoil-Nizhnevolzhskneft, which is 100% owned by Lukoil, has won ‘The Best of the Best’ award of the Canadian RLG International, which evaluates project across the world taking into account achievements, return on investment and stability of performance.

12.12.2013 US Oil Production Sets 25-Year Record in November

In November, US oil production rose to more than 8bpd, a 25-year high, Reuters has reported, citing the US Energy Information Administration. The EIA believes that oil production will rise to 8.5mn bpd next year, mainly at the expense of the Texan shale deposits.

12.12.2013 Azerbaijan to Increase Oil Production in 2013

Azerbaijan, one of the world's 20 largest oil exporters in 2012, will record higher oil output this year, Azernews reported on December 11.

10.12.2013 All Known Kyrgyz Deposits Are Largely Exhausted

The Accounts Chamber of Kyrgyzstan has published a report on the use of budget and off-budget funds, as well an analysis of activities of the State Agency for Geology and Mineral Resources under the Kyrgyz government and its sub-units for the period from October 1, 2011

10.12.2013 Saudi Arabia Oil Production Steady in November

Saudi Arabia produced 9.745 million barrels per day of crude oil in November, little changed from the previous month, when it pumped 9.75m bpd, Gulf Daily News reported on December 9, citing an industry source.

10.12.2013 Russian Oil Production to Grow by 1% in 2013 – Minister

Russia’s oil output will exceed the forecast in 2013 and reach 520 million tonnes, Energy Minister Alexander Novak said on December 7, Prime reported on December 9, citing RIA Novosti.

09.12.2013 Venezuela's PDVSA to Cut Oil Production

Ensuring oil and gas production "in line with the defense of oil prices at the OPEC (Organization of Petroleum Exporting Countries)," is a State policy set forth in Venezuela's Second Socialist Plan of the Nation 2013-2019, or Homeland Plan, El Universal reported on Dece