A new US Department of Energy survey provides updated data on oil & natural gas production in the CaspianBasin. It shows that ...

Crude oil production by the 22-member group remained steady in January at 40.63 million barrels per day. Output by the 18 members with quotas grew by 110,000 b/d, putting them 66,000 b/d over their ...

Chevron Corporation CVX is speeding up expansion at the Tengiz oilfield in Kazakhstan to raise its output to around 1% of global crude supply. With this ramp-up process, Chevron is likely to complete ...

The Tengiz field accounts for a large part of landlocked Kazakhstan's oil production and has been a major cash generator for Chevron for decades. But its exports depend almost entirely on a ...

Kazakhstan said OPEC+ will discuss US President Donald Trump’s efforts to ramp up US oil production and take a coordinated stance on the matter. "In the nearest future, a meeting is planned at the ...

Kazakhstan has clashed with oil majors over costs In 2023 launched claims against groups developing oilfields Kazakhstan says it may raise its share in oil projects ALMATY, Jan 28 (Reuters ...

ALMATY, Jan. 27 (Xinhua) -- Kazakhstan's Taraz tanker, carrying oil from the Kashagan field, has departed from the Aktau port en route to Azerbaijan's Baku port, KazMunayGas, Kazakhstan's national ...

Chevron Corporation CVX, one of the world's largest oil and gas producershas officially begun oil production at its highly anticipated Future Growth Project (“FGP”), located at the Tengiz oil field in ...

The FGP expansion aims to not only enhance CVX’s operational capacity but also set Kazakhstan’s position as a key player in the global oil market. Overview of the Tengiz Oil Field & its ...

Tengiz is one of the world's deepest and most complex fields due to high levels of sulphur and harsh weather conditions. Kazakhstan plans to boost its oil and gas condensate production this year to 96 ...