NIDC Drilled 27 Oil and Gas Wells in 100 days
The National Iranian Drilling Company (NIDC) has dug and completed 27 oil and gas wells during the first 100 days of the current Iranian calendar year (March 21 to June 30), the company’s managing director said. According to Hamidreza Golpayegani, the drilled wells consisted of two production and 25 capital …
Repair of an Oil Well with a Pipe Hanger Can be Accelerated
Tatneft is implementing methods that make it possible to reduce the cost and increase the efficiency of well repair through new technologies and reduce the duration of workover without loss of quality. Guzel Murtazina, engineer-technologist of the Department for Underground Well Workover of JV Tatneft-Dobycha, writes about this in Neftyanye …
Saudi Arabia Will Extend July Oil Production Cut Until August
Saudi Arabia will extend July’s voluntary cut in oil production by 1 million barrels per day to August, according to the Saudi news agency SPA, citing a source in the kingdom’s energy ministry. An official energy ministry source announced that the Kingdom of Saudi Arabia will extend the voluntary 1 …
Production at the Sakhalin-1 and Sakhalin-2 Projects Has Been Fully Restored
Production at the Sakhalin-1 and Sakhalin-2 offshore projects has been fully restored, Governor of the Sakhalin Region Valery Limarenko told reporters on Monday. “Production at Sakhalin-1 and Sakhalin-2 has fully recovered, this is the main joy that we have over the past month, we have received important information. We expect …
Does Russia Need to Spend Money on Producing Hard-to-recover Oil?
A pause in stimulating the development of hard-to-recover oil reserves (HRR) could lead to a failure of production in a few years. Now Russia is reducing production under the influence of external factors and under the terms of agreements with OPEC +. But the investment cycle in the industry is …
Algeria Voluntarily Cut Oil Production in August
Algeria decided in August to voluntarily cut its oil production by another 20,000 bpd, on top of a 48,000 bpd cut that began in May, the country’s energy ministry said. “As part of the joint efforts of the OPEC+ countries and in support of additional cuts envisaged by the Kingdom …
PetroNeft Resources: Suspension of Trading on AIM Pending Publication of Annual Accounts
Further to an announcement on 14 June 2023, PetroNeft reiterates that the Company will not be able to publish its audited annual report and accounts for the year ended 31 December 2022 (the “Accounts”) by close of business today, 30 June 2023, as required by the AIM Rules and Euronext Growth …
Gazprom Neft Dividends for 2022 Will Amount to RUB 81.94. per Share
On June 28, 2023, Gazprom Neft held its annual General Meeting of Shareholders, which summed up the results of its activities and considered the distribution of the company’s profits for 2022. Shareholders of Gazprom Neft approved dividends in the amount of 81.94 rubles. per ordinary share in 2022. Dividends take …
Alexey Miller and Kazakh First Deputy Prime Minister Roman Sklyar Сommend Progress of Cooperation
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Roman Sklyar, First Deputy Prime Minister of the Republic of Kazakhstan, took place today. The participants of the meeting expressed appreciation for the progress of their cooperation. The parties discussed the relevant aspects and prospects of their interaction, including the matters pertaining to gas transmission and …
Viktor Zubkov Reelected as Chairman and Alexey Miller as Deputy Chairman of Gazprom Board of Directors
The meeting of the newly elected Board of Directors of Gazprom took place today at the Company’s headquarters in the Lakhta Center. The meeting resolved to elect Viktor Zubkov as Chairman of the Gazprom Board of Directors. Alexey Miller, Chairman of the Gazprom Management Committee, was named as Deputy Chairman of the Company’s Board of Directors. The Committees of the Gazprom Board of Directors were formed. Viktor Martynov, independent director, …