Which Russian Oil Companies Have the Most Increase in the Number of Idle Wells
The number of idle oil wells has increased in Russia. According to Bloomberg, their share rose to 18.1% in March from 15.6% in February, the largest since May 2022, when the Russian Federation carried out short-term production cuts amid the first waves of international energy sanctions. Bashneft and Slavneft announced …
Russian Oilmen Increased Commissioning of New Wells
In the first quarter of 2023, Russian oil companies put into operation 2001 new oil wells, which is 10% more than in the same period in 2022. This was reported to Vedomosti by two sources familiar with the statistics of the Ministry of Energy. According to them, the increase in …
Gazprom Neft Began Transporting Goods in the Arctic by Unmanned Vehicles
The first unmanned KAMAZ trucks went on flights at the Vostochno-Messoyakhskoye field, located on the Gydan Peninsula of the YaNAO. Trucks transport goods along a 140-kilometer winter road connecting the autonomous oil field with the village of Tazovsky. The use of unmanned vehicles will increase the efficiency of the logistics …
LUKOIL Produced 9 Million Tons of Oil at the A. Usoltsev Field
Cumulative oil production of LLC LUKOIL-Western Siberia (100% subsidiary of PJSC LUKOIL) at the field im. A. Usoltseva in the Khanty-Mansiysk Autonomous Okrug exceeded 9 million tons. There are 44 well pads at the field. The operating fund consists of 864 wells, 29 of them have been drilled since the …
Belorusneft Plans to Perform Almost 450 Hydraulic Fracturing Per Year
Belorusneft plans to carry out 447 hydraulic fracturing in 2023, BelTA learned from the company. “The units are also suitable for an autonomous set of works for flushing wells, hydrosandblasting of the bottomhole zone, as well as pressure testing of tubing,” the company said. Such equipment can work in temperature …
US Oil Production Rose by 100,000 Barrels a Day in a Week
US oil production for the week ended April 28 increased by 100,000 barrels per day to 12.3 million barrels per day, according to a weekly review by the Energy Information Administration of the country’s Energy Department. On average, over the past four weeks, US oil production amounted to 12.275 million …
Norway Expands Gas Exploration Amid Rejection of Russian Raw Materials
The Norwegian authorities encourage oil and gas companies to intensify exploration and production of hydrocarbons in the Barents Sea. After Russia left the European market, it was Norway that became the largest supplier of oil and gas to the EU The largest oil and gas companies in Norway are intensifying …
Kommersant Reported a 10% Decrease in Gas Production in the First Quarter
In the first quarter of this year, gas production in Russia fell by 10% compared to the same period last year, to 180 billion cubic meters. m. This was reported by the Kommersant newspaper, citing sources familiar with the statistics. In March, production also decreased by about 10% and amounted …
BP Turns Profit in 1Q 2023, Output Up 5.8%
British energy company BP reported net profit of $8.218 billion for the 1st quarter of 2023. This is evidenced by the data of the company. BP is positive compared to a loss of $20.384 billion in the same period in 2022. Diluted EPS in 1Q 2023 was $0.46, significantly higher …
Erdogan: Oilfield Found in Turkey, Which Will Bring the Country 100,000 Barrels Per Day
A new oil field has been discovered in Turkey, from which about 100,000 barrels per day can be produced, Turkish President Recep Tayyip Erdogan said on Tuesday. “We found oil in the Gabar region at a depth of 2.6 km. The production capacity of the field is 100,000 barrels per …