WorldOil Companies in the news Akofs Offshore has been awarded a contract for light well intervention services, using its 156-m vessel, Akofs Seafarer, for all Equinor-operated licenses, in the period 2020 to 2025. Kazakh oil output dips as list of disrupted producers lengthens Add Kazakhstan to the list of oil producers whose supply is restricted. Lukoil and Kazmunaygas conclude agreement on Caspian project Astana, Kazakhstan -- President of Lukoil Vagit Alekperov and Chairman of the Management Board of the National Company KazMunayGas Sauat Mynbayev signed a principles agreement on Zhenis license area, in Astana today. Caspian Sunrise identifies oil-bearing intervals at Kazakhstan sidetrack Caspian Sunrise identifies, in aggregate, 121 m of potential oil-bearing intervals in drilling the 801 sidetrack in Kazakhstan. Giant Kashagan oilfield resumes output after power disruption Kazakhstan’s giant Kashagan oilfield is resuming production after power disruptions cut output this week. Kazakhstan overtakes Iraq as OPEC pact's biggest over-producer Kazakhstan has overtaken Iraq to become the biggest over-producer in the pact between OPEC and its allies to curb oil output. Chevron announces $18.3-billion capital, exploratory budget for 2018 Chevron Corporation has announced a 2018 capital and exploratory spending program of $18.3 billion. This figure includes $5.5 billion for the company’s share of expenditures by affiliated companies. Iraq, UAE, Kazakhstan affirm commitment to output cuts, OPEC says OPEC said Iraq, the United Arab Emirates and Kazakhstan -- who have lagged in their implementation of a deal to cut production -- affirmed their commitment to the accord at a meeting in Abu Dhabi. Caspian success sees ATR unveil new facilities, staff in Kazakhstan ATR, a Centurion company, has opened a new base in Kazakhstan as the company looks to capitalize on recent business growth in the region. The business will initially employ 12 new personnel, 10 of which are local content, with plans to double the team over the next 12 months. Tethys Petroleum completes installation of ESP in Kazakhstan Tethys Petroleum Limited has announced that it has successfully completed the installation of an Electrical Submersible Pump (ESP) in its main oil producing well, AKD-01.