Tuesday, August 22, 2017

Gas Production News

Saudi Aramco Mulls Bids to Expand Gas Plant

Saudi Aramco has received bids from international engineering firms to expand the Hawiyah gas plant, industry sources said on Wednesday as the state oil giant continues spending to expand its core business.

US Shale Output Poised to Keep Rising Despite Investor Concerns

© Matt / Adobe Stock

Shale production in the largest U.S. oilfield should rise by as much as 300,000 barrels per day by December, according to updated forecasts following the industry's latest quarterly results. The higher outlooks…

North Dakota Oil Production Slips about 1% in June

North Dakota's daily oil production slipped about 1 percent in June amidst tepid crude prices , according to state data released on Friday. The state pumped 1.03 million barrels of oil per day (bpd) in June…

Ichthys LNG Output Expected to Start by Year-end

Japan's biggest oil and gas explorer Inpex Corp expects gas production from the seabed for its offshore Ichthys liquefied natural gas (LNG) project to start from around the end of the year, a senior company executive said on Friday.

Cotemar Invests $200 mln in Oil Projects by 2018

Mexican oilfield services provider Cotemar plans to invest at least $200 million in two oil projects by the end of 2018 as it starts to operate fields on its own, a move made possible by sweeping energy reforms…

Koryakin to Head Gazprom Dobycha Urengoy

Alexander Koryakin

Alexander Koryakin is appointed Director General of Gazprom Dobycha Urengoy. Alexander Koryakin was born in Chelyabinsk in 1968. He graduated from Perm Polytechnic Institute in 1992, majoring in Oil and Gas Field Development.

Koryakin Heads Gazprom Dobycha Krasnodar

Alexander Koryakin

Alexander Koryakin is appointed Director General of Gazprom Dobycha Krasnodar. Born in Chelyabinsk in 1968, Alexander Koryakin graduated from Perm Polytechnic Institute in 1992, majoring in Oil and Gas Field Development.

SBM Offshore Raises Outlook Buoyed by Deepwater Spending

File photo: SBM Offshore

SBM Offshore, a Dutch provider of floating oil and gas production vessels, raised its core earnings guidance on Wednesday citing clients slowly spending more on deepsea projects. "Deepwater is becoming attractive again.

Are the Good Times Over for Growth in U.S. Shale Gas?

U.S. natural gas production could decline in 2016 for the first time in 10 years, driven by low oil prices after a decade of gangbusters growth from shale plays. While most analysts forecast gas production will continue growing year-over-year…

Norway's $975 bln Wealth Fund Should Improve Ethical Stance

Norway's $975-billion sovereign wealth fund, the world's largest, should be more forceful in promoting its ethical agenda and influencing the thousands of companies it invests in, a report commissioned by non-governmental organisations said on Monday.

Sorokin heads Gazprom Gazobezopasnost

Anatoly Sorokin

Anatoly Sorokin was appointed Director General of Gazprom Gazobezopasnost. Anatoly Sorokin was born in the Orenburg Region in 1960. He graduated from Kuibyshev Polytechnic Institute in 1983, majoring in Technology…

US LNG Exports to Increase: EIA

© Wojciech Wrzesien / Adobe Stock

U.S. Energy Information Administration (EIA)'s latest Short-Term Energy Outlook projects that the United States will export more natural gas than it imports in 2017. The U.S. has been a net exporter for three…

USA Sees Shale Gas Production decline

Shale gas progress

The Gazprom Board of Directors took notice of the information about the results of monitoring shale gas industries evolution around the world. It was stressed that the key trends of the global shale gas industry…

Petrobras Production up in July

Petrobras

Petrobras' average oil and natural gas production rose 1.8% in July compared to the previous month and reached 2.796 million barrels of oil equivalent per day (boed). The Company produced 2.746 million boed in June.

Zakharov to Lead Gazprom Dobycha Krasnodar

Andrey Zakharov will take over leadership at Gazprom Dobycha Krasnodar. Earlier he was elected Director General of the company. He was born in 1963 in the Volgograd Region. In 1985 he graduated from Millionshchikov Grozny State Petroleum Institute…

Gazprom Boosting Gas Industry in Eastern Russia

Kirinskoye onshore processing facility

The Gazprom Management Committee addressed the Company's large-scale efforts aimed at implementing the Eastern Gas Program. It was noted that the gas industry growth in Russia's East was strategically important…

Pullback in Fracking Sand Use Pressures Producers

File Image (CREDIT: AdobeStock / (c) Shamtor)

U.S. shale oil companies are pulling back on the amount of sand they use to hydraulically fracture new wells, responding to rising prices of the material that are driving up costs. Investors worry a slowdown in sand use…

Statoil, partners study Troll post-2020 Expansion

File Image: An offshore Statoil Production operation (credit: Statoil)

Norwegian oil firm Statoil and its partners are studying the possibilities of expanding gas production at Norway's biggest field, Troll, after 2020, the company said on Monday. The Troll field in the North…

Yuganskneftegaz Stimulates Construction of Wells at Priobskoye

Yuganskneftegaz Group Officials

Rosneft subsidiary Yuganskneftegaz officially opened two new oil and gas production units at the Priobskoye field, oil and gas production unit–22 and oil and gas production unit–23. The creation of new production…

Far East Energy Reports Increased Gas Production

Far East Energy Corporation (FEEC), the U.S. listed company that operates the Shouyang Block Coalbed Methane (CBM) Production Sharing Contract (PSC) in Shanxi Province, People's Republic of China, confirms…