RussNeft Withdrew from Assets in Azerbaijan
The company has no foreign production assets left. RussNeft has excluded from its structure companies that control assets in Azerbaijan, according to the updated list of affiliates of the oil company. The document excludes the connection between the PJSC and the British-Virginia GEA Holdings Ltd., which participates in a number …
France’s TotalEnergies Is Selling Its Stake in UK Gas Fields
The British The Prax Group became the owner of the Laggan, Tormore, Glenlivet, Edradour, Glendronach fields, the onshore gas plant in Shetland, as well as nearby exploration licenses. Source
TotalEnergies Sells Its Interests in Gas Fields in the UK
TotalEnergies is selling part of its gas assets in the UK. The company’s press service reported this. TotalEnergies has signed an agreement to sell its entire interest in the West of Shetland assets in the UK to The Prax Group. It includes the Laggan, Tormore, Glenlivet, Edradour and Glendronach fields, …
CNOOC Limited Announced the Start of Oil Production as Part of the Enping 21-4 Field Development Project
The Chinese company CNOOC Limited (a subsidiary of the oil and gas giant China National Offshore Oil Corporation, CNOOC) began production as part of the Enping 21-4 oil field development project. The company’s press service reported this on June 27, 2024. Enping 21-4 Field opened in 2020; part of the …
Aker BP Discovers the Hassel Gas Field in the Barents Sea
Norwegian oil and gas company Aker BP has completed drilling of exploration well 7324/8-4 (Hassel) and explored a gas reservoir in the Barents Sea, approximately 300 km from the northern coast of Norway. This was reported by the Norwegian Offshore Directorate (NOD). Hassel field According to preliminary estimates, the volume …
Saudi Aramco Signs $25 Billion in Contracts to Expand Its Gas Projects
The company also noted that it will spend $8.8 billion to launch the third phase of the national Master Gas System. Saudi oil company Saudi Aramco has signed contracts worth more than $25 billion as part of its gas project development program. This is stated in a statement by Saudi …
American ExxonMobil Wants Another Oil Field in Guyana
The American corporation ExxonMobil has submitted an application to the Guyanese authorities for an environmental permit for the development of the Hammerhead field, located on the shelf. This asset could become ExxonMobil’s seventh oil project in Guyana. Bloomberg writes about this. It is expected that production at Hammerhead could reach …
Gazprom Neft Will Pay Record Dividends for 2023
On June 26, 2024, Gazprom Neft held the annual General Meeting of Shareholders, at which the results of the company’s activities for 2023 were summed up. Gazprom Neft shareholders considered the issue of profit distribution and approved dividends in the amount of 102.43 rubles per one ordinary share based on …
The Head of Congo Discussed with Lukoil the Company’s Participation in the Country’s Oil Projects
President of the Republic of Congo Denis Sassou Nguesso said in an interview with RIA Novosti that during his visit to Moscow he discussed with Lukoil its participation in oil projects in the Congo as an operator; he sees good prospects for this. Currently, Lukoil operates in the Republic of …
Gazpromneft-Noyabrskneftegaz Obtained 850 Million Tons of Oil
Enterprise – one of the leaders of the industry with complex reserves. The volume of accumulated production of Gazpromneft-Noyabrskneftegaz reached 850 million tons of oil. The company began production in 1981 and now master 37 deposits in the Yamalo -Nenets Autonomous Okrug and Khanty -Mansi Autonomous Okrug. Currently, it is …