China Drilled in the Gulf of Bohai an Oil Well with a Depth of Over 6 km
Bohai 19-6-D1 will be used to extract oil and gas at the Bochzhun gas condensate field 19-6. China completed work on drilling a well with a depth of 6,088 m at the oil field in the Bahai Gulf of the Yellow Sea. This was announced by the Tianjin branch of …
Oil Production in Gayana Overtook the Production of Chips by Profitability
The net profit of the enterprise of the American Exxon and Hess and the Chinese CNOOC in a joint venture at the Gayan shelf, led by Exxon, increased sharply in 2023, and profitability exceeded the NVIDIA indicator, Reuters writes. The beneficial agreement of Gayana with a consortium led by Exxonmobil …
Rosneft Produced the 140 Millionth Ton of Oil at the Uvat Project
The accumulated production of RN-Uvatneftegaz (part of the oil production complex of NK Rosneft) has reached 140 million tons of oil since the start of operation of the fields of the Uvat project. This result was achieved through the development of production infrastructure, the commissioning of new fields, and the …
KazMunayGas Is Preparing for the Full-Scale Development of the Central and East Urikhtau Deposits
The Chairman of the Board of KazMunayGas (KMG) A. Khasenov during a working trip on June 21, 2024 visited the production facilities of Urikhtau Operating, Kazakhoil Aktobe LLP and Kazakhturkmunay in the Aktobe region. This was reported by the press service of the company. Currently, KMG is preparing the concept …
Rosneft Develops Technologies for the Development of Hard-to-Recover Reserves
Specialists of the Rosneft Scientific Institute in Ufa have developed data processing technology, which allows you to determine the oil-saturated drilling zones with high accuracy. Innovation has already successfully tested at the purchase deposit of a key mining asset of RN-Yuganskneftegaz. As a result of improving the planning system for …
Orlen Acquired a Share in the Atlantis Gas Field in the North Sea
The Polish energy concern Orlen through its daughter PGNIG Upstream Norway acquired a twenty percent share in the Atlantis gas field in the North Sea, the company reports. “We have acquired a twenty percent share in the Atlantis field, one of the largest, opened in recent years on the Norwegian …
In Kazakhstan Oil Production Was Restored after Spring Floods
Oil production in Kazakhstan after the large-scale floods that occurred in the spring is carried out according to the schedule, the plan is met by almost 100%. This was announced by Deputy Prime Minister – Minister of National Economy of the country N. Baibazarov. Theses of N. Baibazarova: For oil …
The Subsoil of Russia Should Explore Domestic Technologies, the State Reserves Commission Said
Domestic technologies should become fundamental in the exploration of natural resources in Russia, said Igor Shpurov, General Director of the State Reserves Commission, at the conference “Subsoil Energy – on the Path to High Achievements”, dedicated to the twentieth anniversary of Rosnedra. “The provision of reserves of many types of …
Half of the Russian Seismic Exploration Vessels Are Idle Due to Underfunding of Marine Research. Review
Russia has unique seismic research vessels, including ice-class ones, but in the current situation not all of them are used. Half of the domestic geological exploration fleet is idle, which is quite expensive for shipowners – the maintenance of each vessel costs an average of 200 million rubles a year. …
In 2023 Oil Companies Burned 148 Billion Cubic Meters of Gas During Oil Production
Oil companies around the world burned the most APG in five years in 2023, according to a World Bank report. We are talking about 148 billion cubic meters, which is 7% more than in 2022, despite the fact that crude oil production increased by only 1% last year. Increases in …