Tag Archives: Production

A year ago. in the enduring twilight of one of St. Petersburg’s famous white nights of summer. Saudi Arabia and Russia reached an agreement that set a new direction for the oil market.

West Texas Intermediate crude entered a bear market and Brent tumbled below $60 after U.S. petroleum inventories ballooned. raising fears of a glut as trade disputes threaten demand.

Canadian oil sands production is set to enter a period of slower annual production growth compared to previous years.

Iranian Ambassador to Paris Bahram Qassemi. in a meeting with a group of researchers on Friday. called for expansion of academic cooperation between Iran and France.

Gazprom Neft and the Government of the Yamalo-Nenets Autonomous Okrug are to expand their cooperation in developing viable technologies for exploiting Achimovsky-strata oil deposits.

The Wyoming State Geological Survey (WSGS) completed its 2019 update to the Interactive Oil and Gas Map of Wyoming.

Wells drilled horizontally into tight oil and shale gas formations continue to account for an increasing share of crude oil and natural gas production in the United States.

PJSC Lukoil concludes an agreement with New Age M12 Holdings Limited to acquire a 25% interest in the Marine XII license in the Republic of Congo for $800 million in cash.

Due to the production cuts. Russia’s economy is expected to grow by just 1.2 percent in 2019.

This commitment to a balanced market and a sustainable stability remains our key objective.