North Caspian Sea Archives

Lukoil - Rig in Eastern Part of the Yury Korchagin Field - EnergyNewsBeat

Thirty five million tonnes of oil produced at LUKOIL’s North Caspian fields

December 30, 2020 Stu Turley

LUKOIL’s cumulative production of oil has exceeded 35 million tonnes at its Yury Korchagin and Vladimir Filanovsky fields in the North Caspian Sea. LUKOIL carried on with these projects in 2020. In particular, new production wells were drilled, as well as side-track […]

U.S. oil production approaches record as Permian output reaches “all-time” high

October 2, 2023

(Bloomberg) – U.S. crude oil production reached the second-highest level on record in July as output from Texas’s Permian basin soared to an all-time high. The nation’s production rose to 12.991 MMbpd, the highest since […]

Solar, Wind Energy Get Hundreds Of Times More Tax Incentives Than Oil And Gas

October 2, 2023

Over the last 10 years, domestic solar capacity in the United States has grown 13-fold. Considering the amount of federal support the industry receives, that should be no surprise. Using data from the U.S. Energy […]

Energy Department announces $325M for batteries that can store clean electricity longer

October 2, 2023

The Energy Department has announced a $325 million investment in new battery types that can help turn solar and wind energy into 24-hour power. The funds will be distributed among 15 projects in 17 states […]