Equinor Expects To Close The Deal To Sell Assets To SOCAR In Azerbaijan In Mid-2024
Norwegian Equinor plans to close the deal to sell SOCAR (State Oil Company of Azerbaijan) its assets in Azerbaijan in mid-2024. “The closure (of the transaction – IF) is expected in mid-2024,” Interfax-Azerbaijan cites excerpts from Equinor’s integrated annual report for 2023. In its fourth-quarter 2023 report released in February, …
American Westlawn Americas Offshore Begins Expansion Into Latin America
Houston-based Westlawn Americas Offshore, part of the Westlawn Group, is entering the Latin American oil and gas playground through a deal with Brazilian oil and gas company Enauta. Westlawn Americas Offshore has signed a sales agreement with Enauta to purchase a 20% interest in the BS-4 concession, which includes the …
TATNEFT Registered The Seventh Climate project in the Russian Register of Carbon Units
The company continues to hold a leading position in climate projects. Of the 20 climate projects in the national register, seven are in Tatneft’s portfolio. The project is being implemented at DNS-4972s NGDU Aznakaevskneft, from where all associated petroleum gas is sent through a gas pipeline for processing to the …
The Effect Of Implementing The Energy Saving Program Of RN-Yuganskneftegaz Amounted To 1.8 Billion Rubles
RN-Yuganskneftegaz, the largest oil-producing enterprise of Rosneft, saved 398 million kWh of electricity following the implementation of an energy saving program in 2023. In monetary terms, the effect amounted to about 1.8 billion rubles. Increasing the operating efficiency of production assets is one of the key priorities of Rosneft’s strategy. …
China Increased Oil Production In January and February
According to the State Statistics Administration of the People’s Republic of China, the country reduced coal production during this period. China is increasing oil production. This is evidenced by data for January and February published by the State Statistics Administration (SSA) of the People’s Republic of China. The volume of …
The Increase In Oil Reserves In The Russian Federation In 2024 May Amount To 525 Million Tons
Gas reserves may reach 670 billion cubic meters, according to the forecast of the All-Russian Scientific Research Geological Petroleum Institute. The increase in oil and condensate reserves based on the results of geological exploration in Russia in 2024 may amount to 525 million tons, and natural gas – 670 billion …
Turkmenistan Wants To Attract Foreign Investors To The Exploration And Development Of The Caspian Shelf
Turkmenistan plans to attract foreign companies to the exploration and development of fields on the Caspian Sea shelf, said the country’s ambassador to Russia Esen Aydogdiev. “President Serdar Berdimuhamedov instructed to continue to ensure a reliable supply of natural gas to domestic and foreign consumers. At the same time, emphasis …
Abramovich’s Son’s Company Was Allowed To Commission 3 Gas Fields Of The Vostok Project
Diall Alliance LLC (controlled by Arkady Abramovich) received permission from Rosnedra to commission production facilities at three fields in the eastern part of the Bortovoy license area in the Saratov region, the regional Ministry of Industry and Energy reports. We are talking about the objects of the Pavlovskoye field in …
The United States Will Increase Shale Oil Production By 10 Thousand Barrels Per Day In April
An increase in extraction volumes is expected in three of the seven oil-bearing regions, according to a report from the Energy Information Administration of the US Department of Energy. Shale oil production in the United States in April 2024 compared to March will increase by 10 thousand barrels – from …
The New Reagent Will Increase The Production Of Hard-To-Recover Reserves In The Northern Regions
Silicasol can also be used in metallurgy, pharmaceuticals, paper industry… Scientists from the Siberian Federal University proposed using silica sol to increase oil recovery. It is a colloidal solution of silicon dioxide in water, obtained from a silicate block. The Devon News Agency learned about this from a message from …