Equinor is Exploring the Possibility of Selling Assets in Azerbaijan for $1 Billion
The Norwegian company Equinor ASA is studying the possibility of selling its activities in Azerbaijan, including a stake in the largest oil project Azeri-Chirag-Guneshli, Bloomberg reports citing informed sources. “Norwegian energy company is working with Jefferies Financial Group Inc. to assess buyer interest in assets, including a 7.27% stake in …
New Oil Field Discovered in the Gulf of Suez
A new oil field has been discovered in the Gulf of Suez, the Egyptian Ministry of Petroleum and Natural Resources said in a statement. “Cheiron has announced the discovery of a new field in the western Geisum Tahuila concession area in the Gulf of Suez,” the ministry said in a …
Norway Increased Production of Liquid Hydrocarbons in July Worse than Expected
Norway in July 2023 increased the production of oil, condensate and NGL by 9% year-on-year, to 2.037 million barrels per day (b / d), according to preliminary data from the Norwegian Petroleum Directorate (NPD). The indicator turned out to be worse than the NPD forecast, which expected production at the …
TotalEnergies and Inpex Secure Two Gas Fields off the Coast of Australia
The French and Japanese companies will receive 26% and 74% of the assets of the Ichthys LNG project off the west coast of Australia. It is believed that the involvement of large companies will ensure the sustainability of LNG production in the western part of the country. Permits for the …
Guyana Could Become the Fastest Growing Oil Province in the World
The consortium, which includes ExxonMobil, US oil company Hess and China’s CNOOC, plans to spend $12.93 billion to develop its sixth offshore oil project in Guyana. The floating production platform for the Whiptail project will start operating in 2027 and will provide more than 1.2 million barrels per day of …
Oil Companies Requested a Reduction in Fees for Emissions at Fields in the Yamalo-Nenets Autonomous Okrug
The oilmen explain the measures by the difficulties with the supply of equipment due to sanctions Russian oil companies have applied to the Government of the Russian Federation with a request to amend the regulation on the calculation of fees for the negative impact on the environment from emissions of …
Daily Oil Production in Kazakhstan has Recovered After the Liquidation of the Energy Accident
Oil production in Kazakhstan over the past day, August 20, amounted to 234.3 thousand tons of oil, according to the materials of the situational and analytical center of the fuel and energy complex under the Ministry of Energy. As explained in the department, production was restored after the liquidation of …
TotalEnergies and INPEX Acquired Cash-Maple Gas Fields in Australia
French oil and gas company TotalEnergies and Japan’s INPEX have signed an agreement with PTTEP to acquire PTTEP’s 100% stake in Australia’s AC-RL7 development permit, the companies said in a statement. Under the terms of the agreement, which is subject to approval by the relevant authorities, TotalEnergies will acquire a …
Geological Exploration Gives the Company the Right Not to Reforest
A subsoil user can be released from the obligation to carry out compensatory afforestation only in the case of geological exploration, the press service of the Federal Forestry Agency reported. The department receives questions about the need for compensatory reforestation from tenants who are engaged in geological exploration of the …
Rosimuschestvo Sells an Oil Well at a Field in Khanty-Mansi Autonomous Okrug
The branch of the Federal Property Management Agency in the Tyumen region, Khanty-Mansiysk Autonomous Okrug and Yamal-Nenets Autonomous Okrug put up an oil well at the Salymskoye field for auction. The organizer of the auction told the agency that the initial cost of the mining facility is four million rubles. …