Norway Intends to Open Part of the Shelf for Commercial Production
The Norwegian government is proposing to open up part of the Norwegian continental shelf to commercial mining on the seabed, which would be an important decision for a green transition, the kingdom’s government said in a statement. “We need minerals to successfully implement the green transition. Resources are currently controlled …
Norway Increased Hydrocarbon Production by 10.7% in May
Norway increased the production of oil, condensate and NGL in May by 10.7% compared to the same month last year – up to 2.01 million barrels per day (b / d), according to preliminary data from the Norwegian Petroleum Directorate (NPD). In April, according to revised data, production was 2.05 …
Israel Approves Development of Gas Field off the Coast of the Gaza Strip
Israel approved the development of the Gaza Marine natural gas field off the coast of the Gaza Strip in coordination with the Egyptian authorities and the Palestinian National Authority (PNA), the decision was announced at a Sunday meeting of the Israeli Cabinet. “The decision was made as part of the …
World Oil Reserves Are Already Replenished by 90 Percent, Igor Sechin Said
Underinvestment occurs not only in oil production, but also in exploration, world reserves are already being replenished by only 90%, Rosneft head Igor Sechin said at the St. Petersburg International Economic Forum. “Underinvestment occurs not only in production, but also in exploration, which has already led to an undercompensation of …
Igor Sechin Urged to Make the Oil and Gas Sector a Priority
Improving technologies in traditional oil production reduces emissions more than immature alternative technologies, the oil and gas sector at the current stage of the green transition should become a priority for development, said the head of Rosneft Igor Sechin, speaking at the St. Petersburg International Economic Forum. “Today, improving technologies …
Rosneft and CNPC Discussed the Implementation of Joint Production Projects
The head of Rosneft, Igor Sechin, and the chairman of the board of directors of CNPC, Dai Houlian, discussed the prospects for the implementation of joint production projects and cooperation in the technological field at the SPIEF, the Russian company said. “Igor Sechin and Chairman of the Board of Directors …
Rosgeo Plans to Sign an Offset Contract for the Supply of Drill Pipes for 500 Million Rubles
JSC “Rosgeologiya” plans to sign an offset (with counter investment obligations) contract for the supply of drill pipes with JSC “Drilling Equipment Plant” in the near future, the electronic trading platform (ETP) “Roseltorg” (the organizer of the selection of suppliers under the offset contract) said. “In April 2023, JSC Rosgeo …
Three Russian Companies Will Jointly Explore the Continental Shelf
Rosneft, Rosgeologiya and Innopraktika signed contracts on the sidelines of the SPIEF to conduct research work to study the Russian continental shelf, the oil company said. “As part of the 26th St. Petersburg International Economic Forum, PJSC NK Rosneft, the non-state development institute Innopraktika and JSC Rosgeo signed contracts to …
Russian Oil And Gas Companies Are Ready to Continue Investing in the Industry, Despite Geopolitical Difficulties
Russia maintains oil and gas production at a high level, despite geopolitical difficulties. The implementation of most major projects continues, which means that we can expect that everything will be in order with investment programs. Last year, the Russian oil industry managed to increase investment by 22 percent compared to …
Gazprom Neft Develops Green Exploration Technologies
Gazprom Neft is implementing the Green Seismic 2.0 environmentally friendly exploration technology. In the 8 years since the creation of the first generation of an innovative approach to exploration, the company has saved more than 7.5 million trees. The Green Seismic technology was created by Gazprom Neft for forest areas: …