China Intends to Drill the Deepest Well in the World
Scientists want to study the internal structure and evolution of the Earth for geological and geophysical research. Drilling has begun on what could be the world’s deepest well in northwestern China. It is located in the desert region of the Tarim Basin (Xinjiang region). The shaft of the “mine” will …
Eni is in Closed Talks to buy Neptune Energy
Italian energy company Eni is in closed talks to acquire Neptune Energies, an oil and gas company, in a deal worth between $5 billion and $6 billion, Reuters reported citing its own sources. Italian energy giant Eni has entered into exclusive talks to acquire privately-backed gas and oil producer Neptune …
The Government Expands the List of Hard-to-Recover Oil Reserves
An interdepartmental working group, established on the initiative of the Ministry of Natural Resources, proposed expanding the criteria for classifying hydrocarbon deposits as hard-to-recover reserves (TRIZ) in a new draft classifier. This is stated in the report of Rosnedr. Vedomosti got acquainted with him. “It is proposed to expand the …
Oil and Gas Production at Sakhalin-1 Reached the Level Before the Start of the Special Operation
Oil and gas production at the Sakhalin-1 project, where work almost completely stopped almost a year ago due to force majeure declared by the American operator ExxonMobil, has returned to the level before the start of Russia’s special operation in Ukraine, Governor of the Sakhalin Region Valery Limarenko said during …
3.3 Billion will be Spent on the Study of Oil and Gas Areas of Khanty-Mansi Autonomous Okrug
Geological work to be completed in 2025 Federal State Budgetary Institution “All-Russian Scientific Research Geological Petroleum Institute” announced purchases for field seismic surveys for regional geological study of the subsoil. The work will be carried out on the territory of the Khanty-Mansiysk Autonomous Okrug. The maximum cost of projects is …
First Gas Produced at Gorgon Stage 2 in Western Australia
Chevron said on Tuesday it has begun gas production from its Gorgon Stage 2 development project off the coast of Western Australia. The development expands the Gorgon project’s existing subsea gas gathering network, which exports LNG to customers across Asia and produces gas for the Western Australian domestic market, Chevron …
Five New Wells were Drilled by Belarusian Oilmen in May
In May, the stock of wells of Belorusneft was replenished with new objects – specialists from the Svetlogorsk drilling department drilled 5 wells, BelTA learned from the company. And the team of the company’s rigging department handed over 4 mounted drilling rigs in Belarus to the Svetlogorsk drilling department in …
The Number of Oil and Gas Drilling Rigs in the World Decreased in May
The number of active oil and gas drilling rigs worldwide fell by 25 in May from April, or 1.4%, to 1,783, according to data from US oil and gas service company Baker Hughes. In annual terms, the number of operating drilling rigs increased by 155, or 9.5%. In the US, …
Joe Biden imposed restrictions on the development of oil and gas fields near the Chaco Canyon
On June 2, 2023, the Biden Administration decided to stop issuing new oil and gas leases within 10 miles (16 km) of the Chaco Culture National Historical Park. Natives, environmentalists and state officials have long called on the federal government to ban well drilling in the area. The park is …
Lukoil Increased Oil Production at West Qurna-2
Lukoil put into operation two well pads – No. 4 and No. 9 – at the West Qurna 2 field in Iraq, increased oil production to the target of 480,000 barrels per day, a subsidiary of the Lukoil Mid-East Limited group said. “In accordance with the service contract, the company …