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09.04.2020
World Oil Output May Fall By 10 Million Barrels a Day, IHS Says
IHS Markit expects as much as 10 million barrels a day of world oil production to be cut or shut-in from April through June as storage fills up and demand craters due to the Covid-19 pandemic. More»
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06.04.2020
Gazprom Neft expands production in the Arctic
Gazprom Neft’s Arctic assets were responsible for a significant contribution to the company’s total production growth in 2019, with about 30% of all oil production occurring within the Arctic Circle. Liquid hydrocarbon production was up 8% at the... More»
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02.04.2020
Over million oilfield jobs on the line due to oil price war and coronavirus, Rystad says
More than a million jobs in the oilfield service industry (OFS) are likely to be cut in 2020 due to low project volumes brought upon by the Covid-19 epidemic and the ongoing oil price war, a Rystad Energy impact analysis shows, also revealing that... More»
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26.03.2020
Novatek hits natural gas production milestone
Courtesy of lngworldnews.com Russia’s largest independent natural gas producer and LNG project operator Novatek has hit a milestone in its... More»
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25.03.2020
IEA Executive Director and OPEC Secretary General discussed the current situation in global oil markets
Courtesy of teknoblog.ru Leaders expressed deep concerns about the grave global health crisis caused by the coronavirus (COVID-19) and its related... More»
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18.03.2020
Trump to fill U.S. Strategic Petroleum Reserve “to the very top”
Courtesy of teknoblog.ru President Donald Trump told U.S. energy officials to purchase “large amounts” of oil to fill up the... More»
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09.03.2020
Annual oil production up 22% at Messoyakhaneftegaz
Courtesy of gazprom-neft.com Messoyakhaneftegaz, the Gazpromneft—Rosneft joint venture, delivered total production of more than 5.6 million tonnes of oil equivalent... More»
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05.03.2020
Schlumberger Chief: Crazy Shale Growth Is A Thing Of The Past
The crazy rate of production growth seen in US shale over the last five years is a thing of the past, Schlumberger CEO Olivier Le Peuch told Reuters on Tuesday on the sidelines of a conference in Saudi Arabia. More»
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27.02.2020
Saudis stake $110B on Jafurah unconventional gas field
Saudi Arabia plans to invest 412 billion riyals ($110 billion) to develop unconventional natural gas reserves in the eastern Jafurah field, according to the kingdom’s official Saudi Press Agency. More»
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26.02.2020
LUKOIL completes reserves estimate as of the end of 2019
Courtesy of infobae.com PJSC "LUKOIL" announces the results of the reserves assessment and independent audit as of December 31, 2019. ... More»
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