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Kazakhstan Expects to Top Its Oil Output Plan in Defiance of OPEC+

OilPrice

million tons of crude oil and condensate in 2025, or about 2 million barrels per day (bpd), which would be 9.7% Kazakhstan is likely to top its oil production plan this year, due to the expansion of the Chevron-led Tengiz field, Kazakhstans Energy Minister Erlan Akkenzhenov said on Friday, in yet another snub at OPEC+ quotas.

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Kazakhstan Keeps Exceeding OPEC+ Quota With Record-High Oil Production

OilPrice

Kazakhstans combined crude oil and condensate production reached an all-time high in March, which further exceeded the countrys crude output ceiling under the OPEC+ deal. million barrels per day (bpd) of crude oil plus condensate last month, industry sources told Reuters on Tuesday. Crude oil production only rose to 1.88

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Kazakhstan’s Oil Output Hits Record High

OilPrice

million barrels per day (bpd) of crude oil and condensate in the first half of March, industry sources told Reuters on Friday. In February, oil and condensate production averaged 2.12 As international supermajors are expanding oilfields in Kazakhstan, the non-OPEC producer part of the OPEC+ pact pumped as much as 2.16

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Kazakhstan Defies OPEC+ Once Again

OilPrice

million barrels per day (bpd) of crude in the first 19 days of Maywell above its OPEC+ target of 1.486 million bpd. The increase comes after Kazakhstans energy ministry said earlier this month that there would be no cut to its crude and condensate levelsa cut which would be necessary

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$17B in New Deals for World’s Largest Gas Field May Indirectly Go to Russia

OilPrice

trillion cubic metres (tcm) of gas reserves plus 18 billion barrels of gas condensate. Iran has awarded US$17 billion of contracts to attempt to reverse a dramatic projected production decline from the worlds biggest gas reservoir. Its South Pars field spans 3,700 square kilometres and holds an estimated 14.2

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Exxon Bets Big on Natural Gas in Its Eighth Guyana Oil Project

OilPrice

billion cubic feet per day (bcfd) of natural gas and 290,000 barrels per day of condensate at the Longtail project, per the request for environmental authorization from Guyana seen by Reuters. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5

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Russia Targets Major Surge in Natural Gas Exports by 2050

OilPrice

Crude oil and condensate production is targeted to increase from 531 million metric tons per year, or 10.66 million barrels per day (bpd), in 2023 to 540 million tons, or 10.8 Russia sees its pipeline and LNG overseas deliveries surge from 146 billion cubic meters (bcm) in 2023 to 293 bcm in 2030, and further up to 438 bcm by 2050.