Santos and Repsol Consider Selling Stakes in Alaska Oil Fields
Santos and Repsol are considering selling a minority stake in oil fields they jointly own and develop in Alaska. The deal could cost about $1 billion. Oil fields include the Pikka project, one of the largest in Alaska. Its value is estimated by consulting firm Rystad Energy at $4.5 billion. …
On February 22, 2024 the Minister of Economic Development of the Russian Federation Maxim Reshetnikov presented the President of NANGS Viktor Khaikov with a Departmental Award – Minister’s Gratitude
During the final meeting of the Public Council under the Ministry of Economic Development of the Russian Federation, Minister Maxim Reshetnikov presented the President of the National Association of Oil and Gas Services, Viktor Khaikov, with a departmental award – the Minister’s Gratitude. Gratitude was declared in accordance with the …
China Will Explore Oil and Gas Fields in Iraq
Chinese companies are increasingly entering the oil and gas exploration market. They have already won five bids for exploration of Iraqi deposits – the only ones from foreigners, by the way. CNOOC Iraq has won the tender to develop Iraq’s Block 7 for oil exploration, which stretches across the country’s …
Gazprom Neft Accelerator INDUSTRIX Develops Cooperation with Yandex Cloud and Workshop to Support Startups
The Gazprom Neft accelerator INDUSTRIX has entered into cooperation agreements with Yandex Cloud and Yandex Practicum. The partnership will expand access for technology startups to innovative online services and help attract the IT community to the development of oil and gas projects. Participants in the INDUSTRIX acceleration program will be …
Oil and Gas Companies Pull Out of UK North Sea Sector Due to Tax Pressure
Oil and gas companies operating in Britain’s North Sea offshore sector are consolidating and moving overseas as Britain’s windfall tax cuts into profits and the opposition Labor Party threatens to increase taxes if it wins the next general election. This was reported by Reuters. A change in strategy could accelerate …
Chevron Will Leave the UK North Sea after More than 55 Years of Operation
American Chevron Corp. will sell its remaining oil and gas assets in the British part of the North Sea, where it has operated for more than 55 years, the Financial Times writes, citing a company statement. The decision follows a review of Chevron’s global portfolio to identify strategic and competitive …
Rosnedra Ensured the Introduction of 115 Russian Technologies into Production
Rosnedra ensured the introduction into production of 115 Russian technologies for geological exploration, among them neural network technologies for increasing oil production and oil recovery and 4D seismic technology, said Dmitry Oleynik, adviser to the head of the department. “One of the important issues for us is also the creation …
Another Merger in the Shale Sector: American Crescent Buys SilverBow
Crescent Energy has agreed to buy rival US oil and gas producer SilverBow Resources for $2.1 billion. Each SilverBow share will be exchanged for 3,125 Crescent Class A shares valued at $38.28 at the May 15 closing price. According to the statement, SilverBow holders will have the option to receive …
Foreign Investors Win Tender to Develop Seven Oil Fields in Iran
Foreign investors won the tender to develop seven oil fields in Iran. This was reported by the Iranian publication IFP News. The head of the National Iranian Oil Company (NIOC), M. H. Mehr, noted that Iran is actively promoting foreign investment in the oil sector. The head of NIOC also …
Petrosibir Published Annual Report for 2023
The annual report for 2023 of Petrosibir is as of today 17 May 2024 available at the companys website www.petrosibir.com. A PDF of the report is attached to this press release. Annual-report-2023-Petrosibir-AB_final_20240517_1.pdf Annual-report-2023-Petrosibir-AB_final_20240517.pdf Source