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

OilPrice

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. million tons of crude oil and condensate in 2025, or about 2 million barrels per day (bpd), which would be 9.7%

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OPEC+ Overproducer Kazakhstan Will Not Cut Oil Output in May

OilPrice

Kazakhstan doesnt have any plans to cut its crude and condensate production in May, its energy ministry said on Thursday, as the OPEC+ producer continues to give the group headaches with continuously busting its quota in the deal.

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Kazakhstan’s Oil Output Hits Record High

OilPrice

Kazakhstans oil production reached an all-time high in March despite the countrys continued pledges to start complying with its OPEC+ quota that it has been exceeding for years. million barrels per day (bpd) of crude oil and condensate in the first half of March, industry sources told Reuters on Friday. million bpd.

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Might as Well Jump! - EOG Resources, Upbeat on Utica Condensate, Doubles Down With Encino Deal

RBN Energy

There’s been a surge in E&P interest in the Utica Shale’s volatile oil window the past couple of years, and EOG Resources has been particularly optimistic about its potential for producing large volumes of condensate, the lightest of superlight crude oils. billion, including the assumption of EAP’s debt.

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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 Russia expects its natural gas exports, including via pipeline and LNG, to jump twofold by 2030 and threefold to 2050 under its new long-term energy strategy approved by the government on Monday. million bpd, by 2050.

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Texas RRC Reveals Latest Preliminary Oil, Gas Production Figures

Rigzone

Image by McFranki via iStock In a statement posted on its site recently, the Texas Railroad Commission (RRC) revealed its latest preliminary crude oil and natural gas production figures. The RRC noted in the statement that crude oil and natural gas production for March came from 157,192 oil wells and 83,898 gas wells.

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Kazakhstan says it has no plans to cut oil production this month

Oil & Gas 360º

(World Oil) – Kazakhstan, which has created tensions within OPEC+ by consistently breaching its production limit, has no plans to cut oil output in May, the countrys Energy Ministry said. million barrels a day of crude this month. Italys Eni SpA has made similar comments about the giant Kashagan oil field.

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