BP Began A Five-Year 4D Seismic Program At ACG Worth $370 Million
On January 20, 2024, BP began implementing a four-dimensional (4D) seismic exploration program at the Azeri-Chirag-Gunashli (ACG) field block in the Azerbaijani sector of the Caspian Sea. “Taking into account the area of the study area, the cost and timing of seismic research, this project is the largest seismic data …
The Ministry of Ecology of Kazakhstan Has Denied Information About An Agreement With The Operator of The Kashagan Field on An Environmental Dispute
The Minister of Ecology and Natural Resources of Kazakhstan E. Nysanbaev denied information about an agreement with the operator of the Kashagan oil and gas field (OGF) North Caspian Operating Company (NCOC) on an environmental dispute. On January 16, 2024, Bloomberg, citing sources, reported that NCOC shareholders were close to …
Gazprom Neft Patents The First Russian Technology For Digital Monitoring of Winter Roads
Gazprom Neft has developed a digital video analytics system that online assesses the condition of winter roads – temporary roads made of snow and ice created at sub-zero temperatures to deliver goods to hard-to-reach areas. The technology has received a certificate from Rospatent and is being implemented at the company’s …
Mining Black Gold, Mining Rocks. Belarusian Oilmen About 2023 Records
2023 was a fruitful year for Belarusian oilmen in discovering new fields, as well as a record year in terms of black gold production, BelTA learned from the Belorusneft enterprise. In 2023, Belorusneft produced 1,876 thousand tons of oil. According to the company, this is a record figure for 28 …
KazMunayGas And Eni Will Invest $300 Million in Exploration of The Kazakh Sector of The Caspian Sea
Kazakhstan is intensifying geological exploration of the Caspian Sea, which has not been carried out for the last few years, and has taken the Italian Eni as a partner. KazMunayGas and the Italian Eni plan to explore the Kazakh Caspian shelf for hydrocarbons jointly, reports 24KZ TV channel with reference …
Aker BP And Equinor’s North Sea Exploration Drilling Results Were Unsatisfactory
Norwegian oil and gas companies Aker BP and Equinor have explored new oil reserves near the Munin field in the North Sea. This was reported by the press service of the Norwegian Offshore Directorate (NOD). Exploration drilling at block 30/12 The Norwegian Ocean Industry Authority (NOIA), formerly known as the …
Kassym-Jomart Tokayev Revealed The Cost of Undiscovered Deposits in Kazakhstan
President of Kazakhstan Kassym-Jomart Tokayev, during an investment roundtable in Rome, said that the republic has more than 5 thousand undiscovered deposits worth over 46 trillion dollars. As part of his official visit to Rome, Tokayev spoke at the Kazakhstan-Italy investment round table, in which about 30 companies took part. …
NOC Announced The Resumption of Oil Production at One of Libya’s Largest Fields
According to Libya al-Ahrar, the resumption of oil production was made possible thanks to the consent of local residents to leave Ash-Sharare. The Libyan National Oil Corporation (NOC) announced the termination of force majeure at one of the largest fields in the country, Al Sharara, and the resumption of oil …
Oil Production in Azerbaijan in 2024 Will Be About 29.5 Million Tons
The Azerbaijani government forecasts oil production in the country in 2024 at 29 million 492.3 thousand tons, a government source told Interfax-Azerbaijan. Actual data on oil production in the country for 2023 have not yet been published. However, the Accounts Chamber of Azerbaijan reported in November that oil production in …
Gas Production in Azerbaijan in 2024 Will Exceed 49 Billion Cubic Meters
The Azerbaijani government forecasts gas production in the country in 2024 at 49 billion 63.6 million cubic meters, a government source told Interfax-Azerbaijan. Actual data on the country’s gas production for 2023 have not yet been published. However, Energy Minister Parviz Shahbazov reported last October that gas production in Azerbaijan …