Lukoil’s Hydrocarbon Production Grew by Seven Percent in 2022
Lukoil’s hydrocarbon production in 2022 increased by 7%, excluding the West Qurna 2 project, to 2.3 million barrels of oil equivalent per day, according to the company’s annual report. “At the end of 2022, the group’s hydrocarbon production amounted to 2.3 million barrels of oil equivalent per day, of which …
Brazilian Petrobras Changes its Mind About Selling 44% Stake in Promising Offshore Gas Project
Brazilian state oil company Petrobras has abandoned a plan to sell its 44% stake in a promising offshore gas project on the Tayrona block, 32km off the coast of Colombia, which it shares with Colombian Ecopetrol, Reuters reported, citing a statement by Petrobras’ director of production development on energy conference …
Sinopec Starts Drilling Asia’s Deepest Oil & Gas Well
The Yuejin 3-3 (1-3-3XC) well will be drilled in the Shendi-1 section of the Shunbei oil and gas field in the Tarim Basin. The well is being built in the difficult conditions of the Takla Makan desert in the Xinjiang Uygur Autonomous Region in northwest China. According to Sinopec, the …
Associated Gas Production in Azerbaijan Decreased by 3% in the First Quarter
Associated gas production in Azerbaijan in the first quarter of 2023 amounted to 3 billion 809.09 million cubic meters, which is 2.9% lower than in January-March 2022, a source in the oil and gas market told Interfax-Azerbaijan. “In the reporting year, 3 billion 809.09 million cubic meters of associated gas …
MOL Group Reaches Historic Well-to-Wheel and Diversification Milestone by Bringing Home Azeri Light Crude Oil From Oilfield Co-Owned in Azerbaijan
MOL Group receives shipment of Azeri Light crude oil from ACG field in Azerbaijan, in which MOL is the third largest shareholder Seavelvet tanker carrying 90,000 tons of crude shipped from the Port of Ceyhan in Turkey to Omisalj in Croatia, from where the crude is transported to Slovnaft …
Gazprom Neft Expands the Search Cluster in the South of Yamal
Gazprom Neft received a license for the Saletsky site in the water area of the Obka Kara Sea. The asset will become part of the exploration cluster, which combines a group of mainland and shelf sections in the area of the Novoportovsky field in Yamal. The license for a geological …
Growth of Gazprom’s Reserves Due to Geological Exploration Exceeded Production Volumes for the Eighteenth Year in a Row
Increase in reserves as a result of geological exploration – 529.2 billion cubic meters. m. The largest increase is provided in the Yamalo-Nenets Autonomous Okrug. The Board of Directors of PJSC Gazprom took note of the information on the status of work to ensure the resource base, geological study of …
Iran Reports Production of 241 Billion Cubic Meters of Gas This Year
Deputy head of the Pars oil and gas company Salman Khazai on Wednesday announced the production of 241 billion cubic meters of gas at the South Pars field in the current Iranian year 1401 (started on March 21, 2022). Speaking at the opening ceremony of the 14th phase of the …
Tatneft Disclosed Its Audited Consolidated Financial Statements Under IFRS for 2022
Tatneft disclosed its audited consolidated financial statements under IFRS for 2022 PJSC “Tatneft” them. V.D. Shashina disclosed by publishing on its website on the Internet (https://www.tatneft.ru/aktsioneram-i-investoram/raskritie-informatsii/financial-and-accounting-reporting) the audited consolidated financial statements under IFRS for 2022, and See also a management report discussing the results of operations reflected in those financial …
Head of the Ministry of Energy Noted the Growth of Capital Investments in Oil Production
According to the results of 2022, the capital investments of Russian vertically integrated oil companies (VIOCs) in oil production increased by 1.2 times, or by about 20%, to 1.818 trillion rubles, follows from the presentation of the head of the Ministry of Energy of the Russian Federation Nikolay Shulginov to …