KazMunayGas and Lukoil Complete Registration of Sale of 50% Stake in Kalamkas-Khazar Operating
KMG reported full mutual understanding and the absence of any controversial issues in the negotiating positions of the parties Oil and gas company of Kazakhstan “KazMunayGas” (KMG) and “Lukoil” complete registration of the sale of 50% stake in Kalamkas-Khazar Operating in favor of the Russian company. This was reported in …
Ecuador is Looking for Investors to Develop a Field in the Gulf of Guayaquil in an Attempt to Increase Natural Gas Production
Ecuador’s state oil company EP Petroecuador invites investors to participate in a tender for the development of a natural gas field located in the Gulf of Guayaquil. This was reported by the press service of the company. Amistad gas field: located in block 6 in Guayaquil Bay, 55 km from …
Oil Production in Venezuela Increased by 10.65 Percent in 2023
The average daily level of oil production in Venezuela increased from January to July 2023 from 732 to 810 thousand barrels per day – monthly statistics were published by the Minister of Oil and the head of the Venezuelan oil and gas PDVSA, Rafael Tellechea. “Oil production in Venezuela continues …
Gazprom Neft Will Support Russian Projects to Develop the Electric Transport Industry
Gazprom Neft is launching an acceleration program for Russian developers in the field of electromobility. As part of the fifth StartupDrive accelerator, promising domestic technologies and projects to develop infrastructure, improve the charging process and operation of electric vehicles will be supported. Accelerator participants will have access to the infrastructure …
Belorusneft Plans to Upgrade Oil Production Equipment With the Help of China
The state-owned enterprise Belorusneft plans to upgrade oil production equipment through purchases from Chinese manufacturers. This is stated in a message on the website of the departmental publication Vestnik Belneftekhim. As part of the modernization program, the management of Belorusneft chose China as an alternative partner due to the difficult …
Tyumen Oilfield Services Announced a Shortage of Personnel
Companies poach workers by raising wages Oilfield service companies in the Tyumen region are forced to lure workers from each other due to an acute shortage of personnel. As Alexey Permyakov, First Deputy Director of HMS Neftemash JSC, said, the shortage is currently estimated at 10-15%. “The problem is at …
Australian Global Petroleum Hopes to Find Large Deposits of Oil Offshore Namibia
Australian oil and gas company Global Petroleum said today that the Namibian Ministry of Mines and Energy has given permission for the company and its partners to proceed to the first period of the PEL 94 license extension in the Walvis Basin until September 2025. The tasks of the first …
New Domestic Equipment Installed at the Chayandinskoye Field
A variable frequency drive (VFD) for high-voltage motors of the compressor unit of the booster compressor station (BCS) was installed at the Helium Concentrate Membrane Recovery Unit at the Chayandinskoye Oil and Gas Production Department of Gazprom Dobycha Noyabrsk LLC. This domestic equipment was manufactured in Cheboksary. It is designed …
Russia Plans to Use Synchrotron Radiation for Oil Production
Russian scientists expect to increase the oil recovery of the Bazhenov and Achimov formations due to synchrotron radiation. This was stated by the director of the scientific and educational center of Gazpromneft-NGU S. Golovin. Gazprom Neft, universities and scientific organizations will create a consortium that will study the Bazhenov and …
Petrobras Receives License to Operate FPSO Anita Garibaldi
The Brazilian Institute of the Environment (IBAMA) has granted Petrobras a license to operate the FPSO Anita Garibaldi, which should start operations in the coming weeks. The unit is capable of producing up to 80,000 b/d of oil and processing up to 7 million m³/s of gas. FPSO Anita Garibaldi …