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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. Crudeoil and condensate production is targeted to increase from 531 million metric tons per year, or 10.66
Kazakhstan has increased in February its crudeoil and gas condensate production by 13% to a record of 2.12 million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. Excluding gas condensate, Kazakhstan’s crudeoil production surged by 15.5%
. (“Whitecap”) (TSX: WCP) and Veren Inc. (“Veren”) (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay.
Our 2023 Corporate Responsibility Report highlights our successes, including our operational results, pipeline safety programs, risk management, and emissions reduction programs, among others. Our condensed report focuses only on updated metrics, new initiatives, and achievements specific to 2023. Also invested $1.6
Natural Gasoline (C5+ or Pentanes Plus): A component in motor fuel blending, a diluent for heavy crudeoil, and an industrial solvent. Efficient natural gas liquid separation is crucial for meeting natural gas quality specifications for pipeline transportation and end-use.
The disclosure under this Non-GAAP and Other Financial Measures section, including non-GAAP financial measures and ratios, capital management measures and supplementary financial measures in the Companys condensed consolidated interim Financial Statements and MD&A are incorporated by reference into this news release.
These are both production approaches that work well at conventional wells in formations with excellent permeability characteristics, meaning it is easy to extract the oil from the rock. They also work well with lighter (less viscous) crudeoil grades. But not all oil-bearing geology is the same and not all oil is the same.
The drillers arent just seeking natural gas, but rather the associated liquids such as condensate, which is blended with oil sands bitumen to allow it to flow through pipelines and commands stronger pricing than Canadian crude, Rix said.
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