Rosgeo Engineering & Geological Fleet Drilled 103 Wells on the Arctic Shelf in 2023
The research fleet of JSC “Arctic Marine Engineering and Geological Expeditions” (AMIGE, a subsidiary of Rosgeologiya) in 2023 fulfilled 100% of its obligations under commercial and government contracts. Last year, 103 shallow wells for various purposes were drilled on the Arctic shelf of the Russian Federation with a total penetration …
Rosgeo Increased its Net Profit Under RAS for 2023
JSC Rosgeo announces financial results for 2023 in accordance with Russian accounting standards (RAS). Despite the difficult economic background and rising financing costs, the company’s gross profit last year increased by 4.45% to 1.43 billion rubles, and net profit increased by 5.4% to 357.61 million rubles compared to 339. 25 …
Vladimir Putin Instructed To Provide Funding For Exploration Of Strategic Types Of Raw Materials
A report on the execution of the order must be submitted before October 1, 2024, and then once a year. Russian President Vladimir Putin instructed the government to provide financing for the development of the mineral resource base of the Russian Federation until 2035 to meet the needs of the …
LUKOIL Will Again Not Receive The Nadezhda Shelf Area In the Baltic
The government again refused to issue a license to LUKOIL: this time it is asking the company to update the environmental study on the project. Since 2016, LUKOIL has been unable to obtain permission from the authorities to issue a license for the Nadezhda offshore hydrocarbon area located in the …
Turkey Begins Drilling In The Black Sea In Search Of Gas
Turkey has begun drilling the Göktepe-1 well in the Black Sea to determine the presence of gas deposits, Energy and Natural Resources Minister Alparslan Bayraktar said. Turkey will conduct exploration in three places in the Black Sea this year to determine the presence of gas deposits, Bayraktar said earlier. “The …
RN-Uvatneftegaz Launched The Severo-Nemchinovskoye Field Into Commercial Production
The RN-Uvatneftegaz company (part of the oil production complex of Rosneft Oil Company) has launched commercial operation of the Severo-Nemchinovskoye field of the Uvat project. The flow rate of the first production well of the Severo-Nemchinovskoye field is more than 140 tons/day. During its construction, 10 hydraulic fracturing stages were …
British Ithaca Energy plc and Italian Eni are Considering a Merger
Leading independent oil and gas operator in the UK North Sea, Ithaca Energy, today announced it has entered into an exclusivity agreement for a potential transformational combination with substantially all of Eni S.p.A.’s upstream assets in the UK, including the recently acquired assets of Neptune Energy. The exception will be …
Rosnedra Began a Systematic Study of the Russian Shelf For the First Time in the Last 30 Years
For the first time in the last 30 years, the Federal Agency for Subsoil Use (Rosnedra) has begun a systematic study of the Russian shelf, said the head of the agency, Evgeny Petrov, during a meeting with Prime Minister Mikhail Mishustin. Petrov noted that over the past two years, Rosnedra …
Tengiz Expansion Project is Planned to be Completed at the End of 2024 – Head of the Ministry of Energy of Kazakhstan
Work on the implementation of the Future Expansion and Wellhead Pressure Management Project (FGP-WPMP) at the Tengiz field is progressing behind schedule and is scheduled for completion at the end of 2024, said Kazakhstan’s Energy Minister Almassadam Satkaliyev. “The reasons why there was a delay in the implementation of the …
TotalEnergies Will Resume Production At The Tyra Field Off The Coast Of Denmark
TotalEnergies is resuming production at the Tyra field off the coast of Denmark after its large-scale reconstruction, which will make the kingdom a net exporter of natural gas, follows from a press release from the French company. “Total Energies announces the resumption of production at the Tyra field in the …