Hydraulic Fracturing Is Illegal In New York Even With CO2
Hydraulic fracturing is prohibited in the state, even if the water is replaced with liquid carbon dioxide. New York State has even banned liquid carbon dioxide for hydraulic fracturing (fracking) on its territory. A final legislative ban on this method is due to be approved on March 20th. Previously, Texas-based …
The Search For Oil And Gas Facilities At The Expense Of Government Funds Will Begin In The Astrakhan Region For The First Time In 20 Years
Work to find new promising oil and gas facilities at the expense of public funds will begin in the Astrakhan region for the first time in 20 years, reports the press service of the regional Ministry of Industry, Trade and Energy. “In 2024, it is planned to begin a set …
“Rosgeologia” And “Seligdar” Are Implementing New Junior Projects For The Study And Exploration Of Subsoil Areas In Yakutia
Rosgeologiya and polymetallic holding Seligdar (MOEX: SELG) signed an agreement that provides for joint geological study and exploration of ore gold deposits in the Aldan region of the Republic of Sakha (Yakutia). Promising sites, including Dzhekondinskaya and Kurachan, are located in the area of the existing production complexes of the …
Gazprom Neft’s Revenue At The End Of 2023 Exceeded 3.5 Trillion Rubles
Gazprom Neft’s revenue for 2023 amounted to 3.5 trillion rubles – an increase of 3.2% compared to 2022; Gazprom Neft’s net profit in 2023 amounted to 641 billion rubles; The company received significant free cash flow in the amount of 400.5 billion rubles in 2023. Gazprom Neft publishes consolidated financial …
Results of NOVATEK’s Annual General Meeting of Shareholders
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today the results of its Annual General Meeting of Shareholders (“AGM”). The AGM resolved the following agenda items: Approved the Company’s Russian statutory accounts and annual report for the year ended 31 December 2023, and the allocation of profit, including approval of the …
NOVATEK’s AGM Approves 2023 Dividends
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that the Annual General Meeting of Shareholders (“AGM”) approved the total dividend payment for 2023. The total dividend distribution for 2023 will amount to RR 78.59 per ordinary share, including the interim dividends of RR 34.50 per ordinary share paid for the six …
“Gazprom Dobycha Noyabrsk” Commissioned New Wells At The Chayandinskoye Field
At the Chayandinskoye oil, gas and condensate field seven new gas wells in the area of Gas Pre-Treatment Unit No. 4 have been connected to the installation and put into operation. They operate stably, in accordance with the established technological regimes. All active gas well pads at the field are …
ExxonMobil Has Found Another Offshore Field In Guyana
The company says it has discovered new oil in Guyanese waters. The discovery in question is called Bluefin in the Stabroek block offshore Guyana. This is the company’s first new find in 2024. Stabroek is the main production area of a large field discovered by Exxon off the coast of …
Costs For Tengiz Increased By Another $1.5 Billion
The operator of the project for the development of the Kazakh Tengiz field, American Chevron, has again increased the amount of necessary investments in the expansion of the project. The cost of expanding production at the giant Tengiz oil field in Kazakhstan has increased by another $1.5 billion, Bloomberg writes, …
Rosneft Has Begun Construction Of The Country’s Largest Oil Loading Berth In Sever Bay
The RN-Vankor company (an enterprise of the oil production complex of NK Rosneft), as part of the implementation of the Vostok Oil project, began construction of an oil berth at the Port Sever Bay terminal in the Yenisei Gulf of the Kara Sea. At this stage, RN-Vankor is dredging and …