Over 500 Startups Applied to Participate in the Second Stream of the Gazprom Neft Accelerator INDUSTRIX
Gazprom Neft has completed accepting applications for the second round of the INDUSTRIX upstream accelerator. The finalists of the program will receive expert and business support from the company, as well as be able to implement their developments in industry and apply for venture financing. Entrepreneurs from Russia, Kazakhstan, Belarus …
Gazprom Wants to Speed up Work on the Mineral Audit System
Gazprom expects that the system of sovereign audit of mineral reserves in Russia will be created before the end of 2024, proposes to amend the Subsoil Law at the next spring session, Sergey Menshikov, member of the board, head of department 307 of Gazprom, said during the meeting State Duma …
BP Revised Volumes of Oil and Gas Production Cuts
British BP has decided to increase investment in oil and gas projects and, as a result, reduce oil and gas production less than in 2019 – by 25% instead of 40%, planned earlier, by 2030, the company says. “BP expects oil and gas production to be around 2.3 million barrels …
Belarusian Oil Workers Set a Record for Well Workover in January
Belarusian oil workers set a record for well workover in January, BelTA learned from the company. Vasily Frolov, First Deputy Head of Department – Chief Engineer of OGPD Rechitsaneft, called these figures record-breaking in history. “The maximum number of repairs per month before that was 28. This figure was reached …
The US Department of Energy raised the forecast for oil production in the Russian Federation for 2023 to 9.9 million bpd
The US Department of Energy has adjusted the forecast for oil production in the Russian Federation for 2023, increasing it by 380 thousand b / d, to 9.87 million b / d, according to the monthly forecast of the Energy Information Administration (EIA). The forecast figure is 1.07 million b/d …
Oil Price Has Risen Sharply after Novak’s Words About the Reduction in Production in Russia
Commodity prices resumed growth after Deputy Prime Minister Alexander Novak said that Russia plans to cut oil production by 500 thousand barrels per day in March The cost of April futures for Brent crude on the London ICE Futures exchange rose by 2.78% and rose to $86.85 per barrel, according …
LUKOIL and Gazprom Discuss Cooperation Vectors
Management of PJSC LUKOIL and PJSC Gazprom held a business meeting today. The parties discussed main vectors of cooperation. Particular attention was paid to operations of Layavozhneftegaz LLC, the special purpose joint venture of the two companies. It had been created to implement the project of development of the Vaneyvisskoye …
Russia Will Reduce Oil Production by 500 Thousand Barrels Per Day
According to Deputy Prime Minister Alexander Novak, Russia will carry out a reduction in production voluntarily, which will help “restore market relations.” At the same time, he confirmed the refusal of supplies to those who introduced the price ceiling for oil. Russia in March will reduce oil production by 500 …
How to Save Steam When Producing Extra-Viscous Oil
Tatneft has tested a set of energy-efficient solutions for the development of natural bitumen deposits. Specialists of PJSC TATNEFT have developed innovative solutions to increase the efficiency of heavy oil production using thermal treatment. This reduces the carbon footprint. In 2015-2021 alone, new technologies were introduced at 460 bitumen wells …
Udmurtneft Doubled the Production Rate of a Horizontal Well Thanks to Fishbone Technology
Udmurtneft (a joint venture between Rosneft and Sinopek) doubled the productivity of a horizontal well drilled at the Chutyrsko-Kiengopskoye field thanks to the use of advanced drilling methods – Fishbone* technology. The starting flow rate was 46.4 tons of oil per day, which is 100% higher than the performance of …