Crude oil production

Sluggish crude oil production growth in 2016 (0.8%) amid low price environment

Breakdown by country (Mt)

World

-3.2%

First drop in US crude oil production since 2008.

Sluggish crude oil production growth in 2016 (0.8%) amid low price environment

World crude oil production increased slowly because of low international oil prices and several years of low capital investments in the upstream sector.
Crude oil production has been driven upward mainly by Middle East producers, of which Saudi Arabia accounted for most of the rise, and Russia that both rely on oil revenues to support their economic development.
Iran’s production jumped by an impressive 16% as a result of the lifting of international sanctions.
Conversely, low investment over the two past years in the USA impacted shale oil development, (which previously helped drive low international oil prices), has led to lower production levels. Oil production also dipped in China as well due to the oil price environment.
Venezuela’s crude oil output plunged to its lowest level since 2009 due to the domestic economic and social crisis, while Mexico's production has continued to fall and reached its lowest level since 1980.
Nigerian oil output dipped due to attacks on infrastructure within the country.

Global Energy Trends, 2017 edition

Based on its 2016 data for G20 countries, Enerdata analyses the trends in the world energy markets.

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16
May

Kansai Electric's Ohi-4 nuclear reactor resumes power generation (Japan)

The fourth unit of Kansai Electric's Ohi nuclear power plant (Ohi-4) in the Fukui prefecture of Japan has resumed power generation ans is expected to re-enter commercial operation in June 2018. The 1,127 MW pressurized water reactor (PWR), along with similar Ohi-3 reactor, was shut down in the wake of the 2011 Fukushima nuclear disaster. The two units were given permission to restart in August 2012 but were taken offline again by the Nuclear Regulation Authority (NRA) in September 2013. Ohi-3 already restarted in March 2018 and resumed commercial operation in April 2018.

15
May

1.2 GW Haveli Bahadur Shah CCGT project comes onstream (Pakistan)

The 1,230 MW Haveli Bahadur Shah CCGT power plant project in Jhang (Punjab, Pakistan) has been commissioned and entered the commercial operations phase. This power plant, operated by the Pakistani state-run company National Power Parks Management (NPPMCL), is one of Pakistan's most efficient combined cycle power plants currently in operation. It is made of 9HA gas turbines, a steam turbine and two heat recovery steam generators (HRSG) supplied by General Electric (GE) .

15
May

US coal production expected to decline in 2018

In its latest Short Term Energy Outlook, the US Energy Information Administration (EIA) forecasts the country's coal production to decline 2.7% year-on-year to 751 Mt for 2018, and remain relatively unchanged at 752 Mt for 2019. The EIA attributes the projected production decrease to a forecast decline of 4% in power-sector coal consumption to 640 Mt for 2018 (633 Mt for 2019) and a 9% decline in coal exports to 88 Mt for 2018 (85 Mt for 2019).

14
May

BP will triple oil production from Kirkuk oil fields (Iraq)

The Iraqi Ministry of Oil announced that BP has signed an agreement to triple oil production from six oil fields in Iraq's northern Kirkuk region to more than 1 mb/d, concluding several rounds of negotiations since October 2017. The region's oil production had been entirely controlled by the Kurdistan regional government between 2014 and October 2017, before Iraq's central government launched a military operation to reclaim the oil fields.