Deepwater production in the United States is more profitable than shale projects
In the spring, Chevron began developing oil and natural gas at the Ballymore deepwater field in the Gulf of America. This is just one of a series of projects in a key American oil and gas province aimed at producing an additional 300,000 barrels of oil equivalent per day by …
Israel launched strikes on Iran’s South Pars gas field
Israeli drones attacked Iran’s South Pars gas field in the Persian Gulf, Iranian media reported on Saturday. According to the Mehr news agency, Israel “attacked Phase 14 of the South Pars field using small drones.” The attack reportedly caused fires to break out in several locations. Source
Oil companies in Khanty-Mansi Autonomous Okrug incurred half a billion rubles in losses in the first quarter
Oil-producing companies of Yugra have lost over 600 million rubles since the beginning of the year, reports the Tyumenstat portal. “Net financial result of organizations: crude oil and natural gas production. [Loss] 619,558.5 million rubles. [Profit] 135.530 million,” Tyumenstat states. Earlier, URA.RU reported that an oil company went into the …
The Gulf of Mexico Will Save the U.S. from a Sharp Decline in Oil Production
Oil production in the United States is likely to decline next year, but the scale of the downturn will be significantly reduced thanks to the Gulf of Mexico. According to Wood Mackenzie, offshore producers in the Gulf are expected to add 300,000 barrels per day in 2025, and an additional …
China’s CNPC Begins Exploration of Oil and Gas Fields in Tajikistan
Geophysical works in the form of 2D seismic surveys have begun at oil and gas fields in the southwestern regions of Tajikistan. The operations are being carried out by the China National Petroleum Corporation (CNPC), according to the press service of the Ministry of Energy and Water Resources of Tajikistan. …
A New Drilling Speed Record Has Been Set at the Northern Asset Site of Belorusneft
A new record for well drilling speed has been set at the northern asset site of Belorusneft’s oil company Yangpur, according to a report from BELTA citing Belorusneft. In May and June, teams from Yangpur, the Well Construction Management Center of NGDU Rechitsaneft, Belorusneft-Siberia, and the BN-Nefteservice branch completed the …
NNK Continues Geological Exploration in the Komi Republic
The site is located in the region of the North Ural marginal trough, which is characterized by a complex geological structure. The area of exploration and prospecting is considered attractive in terms of the potential to expand the resource base and make new oil and gas discoveries. A complicating factor …
The Neptun Drilling Rig Has Been Towed from the Turkmen to the Azerbaijani Sector of the Caspian Sea
The Neptun drilling rig was towed from the Turkmen sector of the Caspian Sea to Azerbaijan with the participation of vessels from the Azerbaijan Caspian Shipping Company (ASCO), which is part of AZCON Holding. The marine towing operation of the Neptun rig took three days. The vessels involved were Govsan, …
Gazprom Neft Develops Technologies for Cost-Effective Development of Hard-to-Recover Hydrocarbon Reserves
Gazprom Neft, as part of the federal project “Technologies for the Development of Hard-to-Recover Hydrocarbons”, has developed a set of solutions that will make it possible to bring up to 9 billion tonnes of “hard” oil into production in Russia. The results of the program were presented to Alexander Novak, …
Gazprom Neft Opens Next-Generation Rotational Camp in Khanty-Mansi Autonomous Okrug–Yugra
Gazprom Neft Builds Russia’s First Multifunctional Rotational Camp at an Autonomous Field in Khanty-Mansi Autonomous Okrug–Yugra. Gazprom Neft has created the first in Russia multifunctional rotational camp at an autonomous field in Khanty-Mansi Autonomous Okrug–Yugra for the life, work, and recreation of employees at a level comparable to that of …