Kassym-Jomart Tokayev Instructed to Attract Large Investors to Geological Exploration in Kazakhstan
The President of the Republic also drew special attention to the need for uninterrupted operation of the refinery. President of Kazakhstan Kassym-Jomart Tokayev, during a meeting with the head of the Kazakh national company Kazmunaygas (KMG) Askhat Khasenov, gave instructions to attract large investors into geological exploration and the petrochemical …
Gazprom Neft Has Launched Infrastructure for Hydrocarbon Production at the 3A Section of the Urengoyskoye field
Gazprom Neft has commissioned infrastructure for industrial hydrocarbon production in section 3A of the Achimov deposits of the Urengoyskoye field in the Yamalo-Nenets Autonomous Okrug. The work of the production complex was launched by the Chairman of the Board of Gazprom, Alexey Miller, and the Chairman of the Board of …
Norwegians Invest as Much as Possible in Oil and Gas
Norwegian investment in oil and gas in the country will reach a record high of NOK 246.9 billion ($23.6 billion) this year and will remain high in 2025 due to a number of new developments as well as cost inflation, Reuters writes. The previous record was recorded in 2014 at …
Guyana Welcomes Chevron’s Entry into Stabroek Project
Guyanese leader Irfaan Ali has a positive attitude towards Chevron’s possible entry into the Stabroek oil project, writes FT with reference to the President of Guyana himself. Guyanese authorities believe that Exxon’s growing stake in Stabroek Block threatens competition. That is, Chevron’s entry into the country through the acquisition of …
Chinese CNOOC Will Search for Oil and Gas in Mozambique
The Chinese state oil company, specializing in offshore drilling and production, signed concessions with the Mozambique authorities for 5 offshore blocks at once. The Chinese offshore CNOOC signed concession agreements with the authorities of Mozambique for the exploration and production of oil in five offshore blocks with an area of …
Equinor Finds Oil in the Svalin Field Offshore Norway
Norwegian international energy company Equinor has made a new oil discovery under Production License No. 169 in the Norwegian North Sea after drilling well 25/11-H-1 H in the Svalin field. The well, drilled by the Deepsea Aberdeen rig, encountered oil in thin layers of sandstone with very good reservoir quality …
Rosgeology Conducts Scientific Activities in Antarctica in Strict Accordance With International Agreements
The state holding Rosgeology conducts research activities in Antarctica in strict accordance with the provisions of the Protocol on Environmental Protection of the Antarctic to the Antarctic Treaty (Madrid Protocol of 1991). In particular, with Article 7 of the Protocol, which provides that “Any activity related to mineral resources, with …
Gazprom and Kazakhstan Discuss Development of Cooperation in Gas Sector
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Roman Sklyar, First Deputy Prime Minister of the Republic of Kazakhstan, took place today. The parties discussed matters pertaining to the development of cooperation in the gas industry under the Agreement of Strategic Cooperation. Source
The Russian Federation Can Increase Oil Reserves by 7 Billion Tons Using Hard-to-Recover Reserves by 2050
And gas – 5 trillion cubic meters, says Igor Shpurov, Director General of the State Commission for Mineral Reserves of the Russian Federation. Russia needs to develop technologies for the development of hard-to-recover reserves in order to increase profitable oil reserves by 7 billion tons and gas reserves by 5 …
Towing of the Saturn Drilling Rig from Turkmenistan to Azerbaijan Has Been Completed
The Saturn oil drilling rig was delivered from Turkmenistan to Baku (Azerbaijan) accompanied by support vessels belonging to Azerbaijan Caspian Shipping Company CJSC (ASCO). The three-day operation involved the vessels “Andoga”, “Neftegaz 64” and “Mardakan” of the ASCO Caspian Sea Oil Fleet in the port of Turkmenbashi. CJSC Azerbaijan Caspian …