Eurasia Journal News

Udmurtneft (a joint venture of Rosneft and the Chinese Petrochemical Corporation Sinopec) 55 years ago began the industrial development of the first oil field in Udmurtia. The production well of the Arkhangelsk field in 1969 produced a high flow rate of high-quality Devonian oil. Currently, the production fund of the …

The reservoir water desalination plant at the Karazhanbas field has reached its design capacity of 17 thousand cubic meters per day. Chairman of the Management Board of JSC NC KazMunayGas (KMG) Askhat Khasenov made a working trip to the Karazhanbas field and got acquainted with the work of the enterprise, …

Russia and Azerbaijan are considering the possibility of implementing new joint projects, including on the Caspian shelf, Russian Deputy Prime Minister Alexander Novak said. “In general, there are a number of new projects, including on the Caspian shelf, which is being considered potentially for joint implementation,“ he told RT. According …

“Representatives of Belorusneft continue their business visit to China. They are studying the experience of working with hard-to-recover unconventional hydrocarbon resources. So, they managed to visit the laboratory and research center of Xi‘an Petroleum University, where they got acquainted with the methods and equipment for conducting special studies of core, …

Quantum Capital Group, a Houston, Texas-based private investment company specializing in the energy industry, acquired the oil and gas assets of the American company Caerus Oil and Gas through two separate portfolio companies QB Energy and KODA Resources for about $1.8 billion. Colorado–based Caerus Oil and Gas (founded in 2009) …

Oilfield services Corporation SLB, formerly known as Schlumberger, is strengthening its position in the Russian market after the departure of Western competitors. This was reported by the Financial Times newspaper. “The documents show that the company also continued to import materials from other sources, importing equipment worth $17.5 million between …

Trump is pouring out promises: when he becomes president of America, oil production will increase and the cost of energy will fall. The candidate for the post of American leader from the Republicans, Donald Trump, on Thursday again made campaign promises. At his press conference, he said that one of …

Over one hundred and fifty years of oil and gas production in the United States, millions of decommissioned wells have accumulated across the country. And what they contain is a real Pandora‘s box of dangerous substances that threaten the well—being of local residents and the environment, writes Oilprice. Many of …

Kazakh oil company KazMunayGas JSC (KMG) intends to increase production in the future due to hard-to-recover oil, new technologies will be used for this. This was announced by the company‘s press service. “Regarding the increase in production, it was noted that 50% of oil reserves are difficult to recover. The …

Rosneft has released a new version of the RN–KIM hydrodynamic simulator. The advanced software package allows you to predict oil production volumes with high accuracy. The advanced functionality of RN–KIM makes it possible to simulate in detail the operation of wells with fractured hydraulic fracturing, as well as take into …