Eurasia Journal News

Surgutneftegaz in 2023 Obtained 56.4 Million Tons of Oil and 7 Billion Cubic Meters of Gas

The head of the company Vladimir Bogdanov reported that Surgutneftegaz is counting on the preservation of oil production in 2024 at 2023. Surgutneftegaz oil production in 2023 amounted to 56.4 million tons, and gas – 7 billion cubic meters, the company reports. “In 2023, the volume of oil production of …

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Eurasia Journal News

Italian Eni Sold 10% of Shares of Its Former Division Saipem for Debts

Italian Eni announced that it has completed the sale of a 10% stake in oilfield group Saipem at a price of €1.97 per share, for a total transaction amount of €393 million. In mid-March, Eni said it would sell assets to curb rising debt and focus on core activities. Obviously, …

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Eurasia Journal News

The Number of Drilling Rigs in the World in May Fell the Third Month in a Row

The number of active oil and gas drilling rigs in the world in May decreased at the end of the third month in a row, according to the American oilfield company Baker Hughes. On average, last month, 1675 installations against 1726 in April worked in the world. At the same …

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Eurasia Journal News

Alexander Dyukov: The Peak of Technological Dependence in Prey is Passed

The point of the highest dependence of the companies in the Russian Federation on Western technologies for the extraction of hydrocarbons has been passed, said the head of Gazprom Neft, Alexander Dyukov. According to him, in the next three years it will be possible to achieve complete technological independence, writes …

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Eurasia Journal News

Gazprom Neft Without Digital Technologies and AI Would Have Produced Half as Much Oil

The head of the company Alexander Dyukov noted that the terms of implementation of large projects would be seven to eight years, not three years. Gazprom Neft, through the use of digital technologies and artificial intelligence, was able to significantly expand the production potential, as well as increase financial indicators, …

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Conference and Exhibition News and UpdatesEurasia Journal NewsRussia Oil Gas Magazine

Himprom Joints the KDR 2024 as a Silver Sponsor

We are pleased to announce Himprom LLC will support the upcoming 9th international forum KDR Well Engineering Forum, KDR 2024, which will take place on October 17, 2024 in Astana, at the Rixos President Astana hotel. The Team traditionally actively participates in the formation of the KDR’s agenda and Vasily …

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Eurasia Journal News

Igor Sechin Noted That the World’s Oil Companies are Creating Reserves to Increase Production

The creation of reserves by global oil companies to increase production will neutralize the impact on the market of voluntary production restrictions within the framework of OPEC+, says Rosneft Chief Executive Officer Igor Sechin. “The formation of reserves we observe by both Western and Middle Eastern companies may be an …

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Eurasia Journal News

New Zealand Plans to Lift Ban on Offshore Oil Production

The New Zealand government will introduce legislation to lift the ban on offshore oil production. This was announced by Minister of Resources Shane Jones, reports Reuters. The authorities intend to lift the ban to attract investment in the country’s oil and gas sector. According to Jones, the bill will be …

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Eurasia Journal News

Gazprom Neft has Completed Industry Tests of the First Russian Set of Equipment for Hydraulic Fracturing

Gazprom Neft, together with its partners, has successfully completed unified industry tests of the first domestic fleet for hydraulic fracturing (HF), the main method of enhancing oil recovery, without which the development of most fields is impossible. Before testing the domestic hydraulic fracturing fleet in field conditions, the Institute of …

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Eurasia Journal News

An Agreement to Develop the Changule Oil Field Will be Signed Soon

The head of the National Iranian Oil Company (NIOC) said that the contract for the development of the Changuleh oil field will be signed soon, Shana reports. The agreement to develop the Chengule oil field, which has reserves of 3.2 billion barrels of oil, aims to produce 60,000 barrels of …

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