Canada’s Oil and Gas Emissions Cap Plan Would Cut Output
Canada’s proposed oil and gas emissions cap would cut output rather than boost investment in expensive carbon capture and storage (CCS) technologies, according to a report by consulting firm Deloitte published on June 19, 2024, by the Alberta government. The Liberal government led by Canadian Prime Minister D. Trudeau is …
Warren Buffett Believes in Oil and Occidental Petroleum
Berkshire Hathaway, the investment division of the world-famous entrepreneur and billionaire Warren Buffett, consistently continues to buy shares in the oil and gas shale oil and gas company Occidental Petroleum, operating in the United States. Buffett’s purchase of shares in the specified American shale oil producer is carried out for …
Chevron Expands Angola Assets
Chevron has signed two risk service contracts (RSCs) for Block 49 and Block 50 in the ultra-deepwater Lower Congo Basin of Angola through its Angolan subsidiary Cabinda Gulf Oil Company Limited, kicking off exploration work and laying the groundwork for development of the blocks, the African Energy Chamber said in …
Eni to Sell 30% in Ivory Coast’s Baleine Project
Italy’s Eni is considering selling its exploration business in Ivory Coast. The company could sell up to 30% of the business, raising €1 billion, Bloomberg reports. The offer has already attracted interest from Asian buyers, the agency’s sources said. The discussions are at an early stage, so Eni is still …
Rosnedra Began to Make a Detailed Feasibility Study of Sites Before Auctions
The head of the department, Evgeny Petrov, noted that this measure will also help non-core companies that are starting to engage in geological exploration of new types of raw materials. Before auctions for subsoil plots, Rosnedra began to prepare a detailed feasibility study (feasibility study), including methods for further extraction …
Rosneft’s First Vice President Heads Bashneft
And Andrey Lazeev was sent to raise Vostok Oil. Rosneft has replaced the head of Bashneft. Instead of Andrey LAZEEV, this post was taken by Rosneft’s First Vice President Vladimir CHERNOV on June 19. Since 2020, he also continues to hold the post of General Director of the Vostok Oil …
40 Years of the Largest Field of Gazprom Dobycha Urengoy LLC
June 17 marks the 40th anniversary of the commissioning of the integrated gas treatment unit No. 1AC (UKPG-1AC) of the Urengoy gas production department of the Gazprom Dobycha Urengoy Company. Since 1984, the field has been uninterruptedly producing and preparing for transportation of natural gas from the Cenomanian deposits, and …
Iran to Sign Oil Contracts Worth $2 Billion
National Iranian Oil Company (NIOC) CEO Mohsen Hojasteh Mehr said Iran plans to sign oil development contracts worth more than $2 billion. Agreements will be signed for the development of the Changule and Band-e-Karhe fields, as well as for the purchase of crude oil refining services. Under the current government, …
The Period of Continuous Gas Production at the Sakhalin-2 Project Has Been Extended by Five Years – Until 2033
The period of constant gas production at the Sakhalin-2 project has been extended for five years – from 2028 to 2033, General Director of Sakhalin Energy LLC Roman Dashkov and head of the Gazprom department Sergei Menshikov report on the pages of the Gas Industry magazine. “In October 2023, a …
Zarubezhneft Increased Oil Recovery in Cuba
Production at Boca de Jaruco has increased thanks to the technological innovations of the Russian company, said the head of the Russian Ministry of Energy, Sergei Tsivilev, at a meeting with Cuban Deputy Prime Minister Ricardo Cabrisas. The Boca de Jaruco field is located in the north of Cuba and …