Kazakhstan to Launch Large-Scale Offshore Project
In 2026, construction of offshore platforms will begin for the joint venture of KazMunayGas and LUKOIL. In Kazakhstan, development of the Kalamkas-Sea and Khazar offshore oil and gas fields is beginning. The project is planned to attract more than $6 billion in direct investment. Up to 2,000 new jobs will …
Chemical Methods of Oil Production Predicted to Have Great Potential
Gazprom Neft, Tatneft and Zarubezhneft are leaders in this area. The potential for the use of chemical methods of enhanced oil recovery (CMEOR) in Russia is estimated at more than 14 billion tons of oil. This was stated by Olga CHEBYSHEVA, Director for Development of CMEOR at Gazpromneft – Technological …
Gazprom Neft Launches 3D Printing for Oil Field Equipment
Gazprom Neft has started using a 3D printer at an oil field in the Arctic. Using the device, engineers create new parts and spare parts for upgrading equipment and repairing equipment – previously, important components had to be ordered from other regions. The project is part of Gazprom Neft’s program …
Gazprom Neft Discovers New Field in Tomsk Oblast
Gazprom Neft has discovered a field in Tomsk Oblast with geological reserves of about 30 million tons of hydrocarbons. The discovery was the largest in the region over the past 5 years. The new field, named “Nezdanny Mys”, is located in the Zapadno-Luginetsky license area in the Parabelsky district. The …
Tatneft is Moving Away from Associated Gas Flaring
Tatneft won the nomination “For the climate project” of the All-Russian competition “Business Flagships: Dynamics, Responsibility, Sustainability – 2023”. The award was presented to the director of the Tatneft representative office in Moscow, Radik DAVLETSHIN. This was reported by Neftyanye Vesti. At the federal level, Tatneft’s climate project, implemented in …
BP and Trinidad and Tobago’s State Energy Company NGC Have Won a US License to Develop Gas in Venezuela
BP and Trinidad and Tobago’s state energy company NGC have been granted a two-year license by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) to develop the Cocuina and Manakin gas fields, which cross the border with Venezuela, according to the Trinidad and Tobago Energy Chamber’s website. Washington …
BP Receives US Permit to Extract Gas in Venezuela
British BP and its partner from Trinidad and Tobago, NGC, were able to obtain a license from the US authorities to work in Venezuela. The license was issued for 2 years to explore the Manakin-Cocuina gas asset, Reuters writes, citing the Trinidad Ministry of Energy. It is specified that BP …
Gazprom Dobycha Urengoy Held Drills to Eliminate an Emergency Oil and Oil Product Spill
On May 29, Gazprom Dobycha Urengoy held a comprehensive drill to confirm the company’s readiness to localize and eliminate oil spills. The drills were held at the storage and sale base for fuels and lubricants, methanol and chemicals of the company’s Material and Technical Supply and Equipment Department. According to …
Europe Wants to Find an Alternative to Russian Gas Imports in Algeria
Algerian state-owned Sonatrach will sign an agreement to develop a large hydrocarbon field with Chevron in the next few days, said Algerian Energy Minister Mohamed Arkab. According to him, another document is being prepared for signing with ExxonMobil. Agreements with Western companies will concern the development of new hydrocarbon fields …
Oil and Gas Companies’ Investments on the Norwegian Shelf to Reach a Record High in 2024
Oil and gas companies operating on the Norwegian shelf are planning to invest NOK 247 billion (US$24 billion) in their projects in 2024, according to data from Statistics Norway following a quarterly survey of the sector. This amount is 15% higher than the 2023 level of NOK 215 billion. The …