Archer secures long term Platform Drilling contract in the UK with estimated value of $50 million over the firm contract period
Archer has secured a five year contract for the provision of platform drilling operations and maintenance services on seven installations with UK North Sea Operator. The new contract will commence November 1st, 2022, in direct continuation of the current contract and contains options for an additional four years. The scope of …
Gazprom Neft: Russian Oil Industry Needs 135-140 Hydraulic Fracturing Fleets
The demand of Gazprom Neft is 20% of the industry indicator. The Russian oil industry needs to find a solution to create a domestic hydraulic fracturing fleet (HF) within 3 years, said V. Yakovlev, Deputy Chairman of the Management Board of Gazprom Neft, at the TNF 2022 Industrial and Energy …
The Russian Government Proposes to Grow Competitors to the “Big Oilfield Four”
The Russian government supports the Tyumen Interregional Oil and Gas Cluster. This approach is found in the industrial police of the Russian Federation. This was stated by Deputy Prime Minister – Minister of Industry and Trade of the Russian Federation Denis MANTUROV at the plenary session of the first Industrial …
Gazprom Neft Will Test the First Domestic Hydraulic Fracturing Fleet
Gazprom Neft is actively involved in the development of domestic hydraulic fracturing technologies that take into account the specifics of its assets with hard-to-recover reserves, primarily the Bazhenov formation. Gazprom Neft and MeKaMineft will test the first Russian hydraulic fracturing fleet at the company’s fields in the Khanty-Mansiysk Autonomous Okrug …
Gazprom Neft is Expanding the Use of Domestic RSS and Telemetry for Drilling High-Tech Wells
Based on the test results at the Gazprom Neft fields, a decision will be made on full-scale production. Gazprom Neft and Novaya Servisnaya Kompaniya have agreed to use Russian-made rotary-steered systems (RSS) at the company’s assets in the Khanty-Mansiysk and Yamalo-Nenets Autonomous Okrugs (KhMAO and YNAO). The document was signed …
RN-Yuganskneftegaz Increased the Initial Debit of a Multilateral Well by 60%
RN-Yuganskneftegaz, the largest producing asset of Rosneft Oil Company, has commissioned a horizontal well at the Vstrechnoye field, which was drilled using the Fishbone* technology. The initial flow rate of the well was 500 tons of oil per day. This is 60% more than standard horizontal wells in this field. …
INEOS and its Partners Agree Final Investment Decision for the Development of the Solsort Field
INEOS and its partners in the Solsort Unit, Danoil and Nordsøfonden, have agreed on Final Investment Decision regarding the development of the Solsort West field in the Danish part of the North Sea after having received the approval of the development from the Danish Energy Agency. The Solsort development consist …
OPEC daily basket price stood at $95.51 a barrel Thursday, 22 September 2022
The price of OPEC basket of thirteen crudes stood at $95.51 a barrel on Thursday, compared with $96.31 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light …
Extraordinary General Meeting of TATNEFT shareholders Approved Dividends Amount for 6 Months of 2022
An extraordinary general meeting of shareholders of PJSC TATNEFT was held, where, a decision was made in the form of absentee voting on the approval dividends of for the 6 months operation results of 2022 in the amount of RUB 32 and 71 kopecks for each ordinary and preference share …
Gazprom Management Committee Approves Revised Investment Program and Budget for 2022
Overall amount of Gazprom’s investments to be used in 2022: RUB 1,980 billion. Growth compared to the initial amount set out in December 2021: RUB 222 billion. Final investment program and budget will be approved by the Gazprom Board of Directors. Comment by Famil Sadygov, Deputy Chairman of Gazprom Management Committee The Gazprom Management Committee approved the revised draft investment program and budget (financial plan) …