BP Plans To Invest $1.5 Billion In The Development Of The Oil And Gas Industry In Egypt
The company’s chief executive, Murray Auchincloss, is also interested in the possibility of investing an additional $5 billion in this area in the future. The British company British Petroleum (BP) intends to invest at least 1.5 billion in the development of the oil and gas sector of the Egyptian economy. …
The Increase In RussNeft Reserves In 2023 Amounted to 130%
Production amounted to 6.434 million tons of oil and 2.11 billion cubic meters. m of gas. The increase in Russneft reserves in 2023 amounted to 130%, production – 6.434 million tons of oil and 2.11 billion cubic meters of gas, the company reported. The increase in reserves is estimated at 8.3 …
Bashneft Replenished Oil And Gas Reserves By 135% In 2023
Bashneft (part of the Rosneft structure) in 2023, due to successful geological exploration, increased hydrocarbon reserves by 24.4 million tons of oil equivalent, the production replacement rate with reserves was 135%. Every year, Bashneft ensures full replenishment of liquid hydrocarbon production due to the increase in reserves. In this way, …
The Economic Effect From The Implementation Of The Orenburgneft Energy Saving Program In 2023 Exceeded 219 Million Rubles
The Orenburgneft company, the largest producing asset of Rosneft in the Volga region, saved more than 60 million kWh of electricity in 2023, which in monetary terms amounted to more than 219 million rubles. The effect was achieved thanks to the implementation of a program to increase energy efficiency and …
Dry Again. Equinor Did Not Find Hydrocarbons In Another Well In The North Sea
Equinor drilled an exploration well in the Norwegian sector of the North Sea, which turned out to be dry. This was reported by the Norwegian Offshore Directorate (NOD). Exploration well 35/11-28 S (Harden sør): was drilled 9 km west of the Fram field to a depth of 3270 m below …
Somalia Intends To Produce The First Oil In Its History By The End Of The Year
Development will be carried out at fields in the states of Galmudug, South-West and Jubaland. Somalia will begin producing oil on its territory for the first time in history later this year. This was reported by the Garowe portal with reference to the Minister of Petroleum and Mineral Resources of …
An Absolute Record For Daily Penetration Was Set At Belorusneft
The record was recorded at well No. 445 of the Rechitsa oil field and was carried out by the team of the Svetlogorsk Drilling Operations Department No. 9. The previous record of daily penetration of 700 m was set on December 4 last year at well No. 441 of the …
French TotalEnergies Announced The Discovery Of Another Gas Field In Cyprus
French oil and gas company TotalEnergies today announced the successful completion of drilling and production testing of the Cronos-2 appraisal well in Block 6 offshore Cyprus. TotalEnergies owns a 50% stake in Block 6 along with Italy’s Eni (50% operator). Production testing of the Cronos-2 well confirmed the presence of …
Occidental Petroleum Reduces Rig Count In Permian Basin
Occidental’s costs are reduced by drilling activity, but it will be able to cover part of the debt from the purchase of CrownRock. Capital spending on shale production and exploration will be cut by $320 million and two drilling rigs in the U.S. Permian Basin will be idled this year, …
Petrosibir: Production Report January 2024
Petrosibir’s total oil production during January 2024 amounted to 20,067 barrels, equivalent to 647 barrels per day. The table below summarises the average monthly / daily production in 2024 and in 2023, broken down by region. 2023 2024 Average Dec Jan Total production Bashkiria 5 446 5 664 5 961 …