Artificial Intelligence Will Select Wells for Geological and Technical Operations and Calculate Hydraulic Fracturing
The TN-Neurocram neural network is being created at Tatneft. The program is based on artificial intelligence (AI) tools. This is a completely own development of the company, which began to be created last year. Napoleon IT is a consultant for Tatneft in the implementation of AI projects. Oil News writes …
Gazprom, Kazakhstan and Uzbekistan Discuss Prospects of Trilateral Cooperation
A trilateral working meeting of Alexey Miller, Chairman of the Gazprom Management Committee, with Bolat Akchulakov, Minister of Energy of the Republic of Kazakhstan, and Jurabek Mirzamakhmudov, Minister of Energy of the Republic of Uzbekistan, took place today. The parties discussed the prospects of their trilateral cooperation in the gas sector. Source
Archer Limited: Archer acquires Baker Hughes’ Coil Tubing and Pumping business in the UK
Archer Limited is pleased to announce that we have signed definitive agreements with Baker Hughes Limited to acquire its coil tubing and pumping (“CT&P”) business in the United Kingdom. The CT&P business includes four complete CT&P packages with supporting equipment, specialized and optimized for the UK market. As part of …
Gazprom and SOCAR Review Potential Cooperation Prospects
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rovshan Najaf, President of the State Oil Company of the Azerbaijan Republic (SOCAR), took place today. The parties discussed the ongoing interaction between the companies and potential avenues for their cooperation. Source
Children of Sponsored FC Neftyanik Successfully Performed at Interregional Competitions
The Neftyanik Football Club created under the patronage of PJSC «RussNeft», has successfully performed at the Interregional futsal tournament in Kuznetsk (Penza region). The team of boys born in 2009 took 1st place among 10 participating teams, showing spectacular football and good player interaction. The children born in 2011 took …
KazMunayGas Started Drilling at the Zhenis Offshore Block in the Caspian
KazMunayGas has started drilling at the Zhenis offshore block in the Caspian. “We started drilling, drilling is going on, we started it at the end of last year,” Magzum Mirzagaliyev, head of KazMunayGas, told Interfax-Kazakhstan. According to him, drilling began at the time that was planned. Earlier it was reported …
Gas Reserves in Russia Will Last Another Hundred Years
Unlike Europe, where their gas quickly ran out and they had to import it further, Russia has enough reserves. There will be enough gas for another 100 years to provide the population with cheap fuel. The beginning of gas use in Russia at the end of the 19th century was …
Weatherford Announces Fourth Quarter and Full Year 2022 Results
Fourth quarter revenues of $1,209 million, increased 8% sequentially and 25% year-over-year; full year revenues of $4,331 million, increased 19% from prior year, the highest growth rate in over 10 years Fourth quarter operating income of $169 million, increased 40% sequentially and 412% year-over-year; full year operating income of $412 …
Nabors Announces Fourth Quarter 2022 Results
Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR) today reported fourth quarter 2022 operating revenues of $760 million, an increase of approximately 10%, compared to operating revenues of $694 million in the third quarter of 2022. The net loss attributable to Nabors shareholders for the quarter was $69 million, or …
BP Integrated Energy Company strategy update: Growing investment, growing value, growing distributions
Performing while transforming: Performing: 2022 EBITDA $60.7 billion; full year operating cash flow $40.9 billion; net debt $21.4 billion, lowest for almost a decade; ROACE 30.5%; full year tax $15.1 billion; strongest upstream plant reliability on record; lowest production costs in 16 years Transforming: investment in transition growth engines c. …