Chevron Abandons Yadana Gas Field Offshore Myanmar
American Chevron left the Yadana field offshore Myanmar. This was reported by Reuters with reference to a company representative. Reason for leaving Chevron’s share in the project was 41.1%. The shares were not sold, the company distributed them among the remaining shareholders: – Thai company PTT Exploration and Production (PTTEP); …
The Cabinet Of Ministers Approved The Powers Of The Ministry Of Natural Resources To Register Installations On The Shelf And In The Seas
The Ministry of Natural Resources is vested with the authority to adopt a procedure for submitting information about contractors creating, operating and using structures and installations on the continental shelf. The Government of the Russian Federation has adopted a draft resolution giving the Russian Ministry of Natural Resources the authority …
Norway Approves Investment In New Offshore Oil And Gas Project Bestla
Norwegian oil and gas operator DNO today announced a final investment decision for the development of the Brasse field, located in the northern North Sea. In addition to DNO Norge AS (39.3%), the Brasse partnership includes OKEA ASA (39.3%) as operator, Lime Petroleum AS (17%) and M Vest Energy AS …
BP Predicted Production Growth in the Upstream Segment in the First Quarter
British oil and gas company BP Plc expects an increase in production in the upstream segment in the first quarter compared to October-December 2023, it said in a statement. In the gas and low-carbon energy subsegment, a slight increase in production is expected, while in the oil subsegment – a …
In 2023 Rosprirodnadzor Rejected Two-Thirds Of Subsoil Users’ Projects For Geological Exploration In The Arctic
In 2023, Rosprirodnadzor reviewed 120 projects for the construction of exploration wells in the Arctic zone of the Russian Federation, according to a report on the agency’s activities. “As a result of reviewing the specified project documentation, Rosprirodnadzor issued 80 (67%) negative conclusions and 40 (33%) positive conclusions,” the document …
TotalEnergies Increases Stake In Eagle Ford Field
The French company TotalEnergies has entered into an agreement to purchase a 20% stake in the Eagle Ford field in Texas from Lewis Energy Group (EOG Resources manages the remaining 80%). This was reported by the press service of TotalEnergies. The acquisition will allow the company to increase its U.S. …
The Increase In New Reserves Of Samaraneftegaz Almost Doubled Hydrocarbon Production
Samaraneftegaz, one of the main production assets of Rosneft in the Volga region, at the end of 2023 ensured an increase in reserves in the amount of 18.5 million toe, which replenishes the enterprise’s hydrocarbon production by 168%. Increasing the efficiency of reserve replenishment and their consistent introduction into development …
Samotlorneftegaz Celebrates The 55th Anniversary Of The Start Of Industrial Development Of The Samotlor Field
Samotlorneftegaz (part of the oil and gas production complex of Rosneft) celebrates 55 years since the production of the first industrial oil from the Samotlor field – one of the largest in the world. In April 1969, industrial development of the oil giant began – just four years after its …
Rosneft Increases Production In Water-Oil fields
Specialists from RN-Yuganskneftegaz, the Company’s largest producing asset, drilled a well using the fishbone technology* in the water-oil section of a mature field. The oil production rate of the multilateral well was 500 tons per day, which is twice as much as compared to traditional technologies. The development of technological …
Orenburg Oilmen Completed 3D Seismic Exploration In Two Subsoil Areas
On the eve of Geologist’s Day, which is celebrated on the first Sunday in April, geologists of the Orenburgneft company (a subsidiary of Rosneft) successfully completed 3D seismic exploration in the Leningradsky and Tverdilovsky subsoil areas in the Orenburg region. The research area was more than 140 square meters. This …