All publications by tag «PRODUCTION»
2016, December, 26, 18:45:00
RUSSIA CUTS PRODUCTION BY 2.5%
Russia's output of oil products is expected to fall by about 2.5 percent in 2017 due to further work on a massive refinery modernisation programme aimed at boosting fuel quality, a deputy energy minister said.
2016, December, 22, 15:55:00
IRAQ REDUCES OIL
Iraq is fully committed to delivering on OPEC’s Nov. 30 agreement to reduce supplies, Oil Minister Jabbar al-Luaibi said Thursday in Cairo at a meeting of the Organization of Arab Petroleum Exporting Countries, known as OAPEC.
2016, December, 21, 18:30:00
NORWAY'S PETROLEUM PRODUCTION UP 37 TBD
Preliminary production figures for November 2016 show an average daily production of 2 153 000 barrels of oil, NGL and condensate, which is an increase of 37 000 barrels per day (approx. 2 percent) compared to October.
2016, December, 16, 18:40:00
OPEC CUTS OIL
Japanese refiners have received notices of crude supply cuts from "some producers" for January loading, following OPEC's November 30 decision to cut production.
2016, December, 15, 19:00:00
IRAQ'S OIL WILL UP
Iraq plans to increase crude-oil exports in January, government records show, immediately raising questions about its commitment to slashing production in line with OPEC’s landmark production agreement last month.
2016, December, 15, 18:55:00
LIBYAN OIL WILL UP
Operations have restarted at two key oil fields and a connected pipeline in Western Libya that have been shut down for over two years, Libyan officials said, following an agreement with local tribes.
2016, December, 15, 18:50:00
UPSTREAM'S EARNINGS UP
Oil production companies recorded positive earnings from their upstream (exploration and production) operations in the third quarter of 2016 for the first time since the fourth quarter of 2014.
2016, December, 14, 18:35:00
SHELL STARTS IN MALAYSIA
Located in waters up to 500-metres deep, Malikai is Shell’s second deep-water project in Malaysia, following the successful start-up of the Gumusut-Kakap platform in 2014. Malikai is expected to have a peak production of 60,000 barrels per day. As the company’s first TLP in the country, Malikai is an example of the strength of Shell’s global deep-water business, applying TLP expertise from decades of operations in the U.S. Gulf of Mexico.
2016, December, 14, 18:30:00
U.S. OIL GAS PRODUCTION DOWN
December 2016 U.S. oil production will down 20 tbd, gas production will down 94 mcfd.
2016, December, 12, 18:45:00
SAUDI - RUSSIAN ALLIANCE
The first global crude supply pact in 15 years has underlined the growing energy alliance between Saudi Arabia and Russia, as the depth of the two-year oil slump forces co-operation between once unlikely partners.