Nedra Digital – Gold Sponsor of KDR-2025
The organizing committee is proud to announce that Nedra Digital will participate in the 10th Anniversary KDR – Well Engineering Forum as a Gold Sponsor. The forum will take place on 18 September 2025 in Astana, bringing together leading industry experts to discuss innovations in drilling, completion, and production. Nedra …
State Corporation Turkmengeologiya Plans to Increase the Volumes of Geological Exploration
In response to the growing global demand for rare earth elements, the State Corporation Turkmengeologiya is planning to increase the volume of geological exploration work in this area, according to a statement made on Thursday by the Head of the Corporation, Gurbanguly Garlyev. “In light of the increased global interest …
Chevron Corporation Plans to Drill Another Exploration Well Off the Coast of the Republic of Namibia
Chevron Corporation is considering the possibility of drilling an exploration well in the Walvis Basin, located off the coast of the Republic of Namibia, in the year 2026 or 2027, according to a report by Reuters, citing the American oil company. Chevron’s wholly owned subsidiary, Chevron Namibia Exploration Limited, is …
Subsoil Users Must Pay for Licenses in Accordance with the Value of the Mineral Deposits
Companies must pay for subsoil use based on the actual value of the mineral deposits, as this will provide an incentive for them to develop the licensed sites. This statement was made by the Deputy Prime Minister of the Russian Federation, Dmitry Patrushev, during a meeting of the Board of …
The Growth of Reserves of Public Joint Stock Company Surgutneftegas Fully Replaced Its Oil Production in the Year 2024
The growth of recoverable reserves of Public Joint Stock Company Surgutneftegas fully offset its hydrocarbon production in the year 2024, and the company has the same target for 2025, according to Vyacheslav Chirkov, Chief Geologist of the company, who spoke at a meeting of the Board of the Federal Agency …
Revenue of Public Joint Stock Company Gazprom Increased by 25 Percent in the Year 2024
In the year 2024, Public Joint Stock Company Gazprom reported a net profit under International Financial Reporting Standards (IFRS) of 1.219 trillion Russian rubles, compared to a net loss of 629 billion Russian rubles in the previous year. Following the publication of its financial report, the company’s shares rose by …
How Did the Shares of Public Joint Stock Company Gazprom React to the Financial Report Indicating a Profit of 1.2 Trillion Russian Rubles?
The shares of Public Joint Stock Company Gazprom fell on the Moscow Exchange following the release of its financial results for the year 2024. Gazprom reported a net profit under International Financial Reporting Standards (IFRS) of 1.219 trillion Russian rubles for 2024. Following the publication of the financial report, shares …
The Federal Agency for Subsoil Use of the Russian Federation Will Begin Preparing Geological Exploration Programs in the Arctic Region
The Federal Agency for Subsoil Use of the Russian Federation (Rosnedra) plans to begin preparing geological exploration programs in the Arctic and in regions that have been reintegrated into the Russian Federation in the year 2025, according to a statement made by the head of the agency, Oleg Kazanov. “This …
The Islamic Republic of Iran Is Ready to Increase Oil Production to the 2015 Level If Sanctions Are Lifted
The Ministry of Petroleum of the Islamic Republic of Iran has announced that Tehran is ready to quickly return to its 2015 oil production levels if international sanctions imposed on its oil sector are lifted. The ministry clarified that Iran possesses the full technical capacity to bring its currently idled …
The Republic of Kazakhstan Takes Its Own Interests into Account Rather Than Those of the OPEC+ When Determining Oil Production Quotas
The Republic of Kazakhstan intends to prioritize its national interests over its commitments to the Organization of the Petroleum Exporting Countries Plus (OPEC+) when determining its oil production quotas. This was stated in an interview with Reuters by the newly appointed Minister of Energy of the Republic of Kazakhstan, Yerlan …