The Largest Center for Studying Core and Formation Fluids Opened in Perm
Today in Perm the opening of the Core and Reservoir Fluids Research Center, built by the LUKOIL Company, took place. This is one of the priority projects in the region. The new Center, part of LLC LUKOIL-Engineering (a subsidiary of PJSC LUKOIL), will provide high-precision scientific research for the search, …
Harbor Energy is Preparing to Drill an Exploration Well in The North Sea
Harbor Energy Norge, the Norwegian subsidiary of Harbor Energy, has received permission from the country’s authorities to drill an exploration well in the North Sea. This was reported by the press service of the Norwegian Petroleum Directorate (NPD). Program for well 15/9-25 provides for the drilling of an exploration well; …
Malaysia Discovered Very Large Oil and Gas Reserves in 2023
Malaysia’s national oil company Petronas said more than 1 billion boe had been discovered in the country this year through new exploration drilling. Petronas said the new resources resulted from 19 exploration discoveries and two successful exploration and appraisal activities. A total of 25 exploration wells were drilled, which was the …
Norway’s Equinor and Okea Argue Over Reserves and Costs at Statfjord Field
Norway’s Equinor and compatriot Okea are at loggerheads over a deal for a major stake in the Statfjord project after Okea revealed the field had fewer reserves and higher costs than first thought. In March, Okea agreed to acquire a 28% stake in block PL 037 (Statfjord area) from Equinor …
The Number of Oil and Gas Rigs in The World Increased for The Second Month in a Row in November
The number of active oil and gas drilling rigs in the world increased in November for the second month in a row, reported the American oil services company Baker Hughes. On average, 1,794 installations were operating in the world in November compared to 1,777 in October. At the same time, …
US Oil Production Set a World Record in September
The level of oil production in the United States in September increased by a maximum of 1.7% in six months in monthly terms and reached a record 13.24 million barrels per day (b/d), the Energy Information Administration (EIA) of the country’s Department of Energy reported. The Financial Times calls the …
The Head of Petrobras Said That Brazil Will Join OPEC+
Brazil will join OPEC+ (an expanded partnership format of OPEC oil exporting countries), but will not reduce energy production within the limits agreed upon by the association. Jean-Paul Prates, CEO of the Brazilian national oil and gas company Petrobras, announced this in an interview with Reuters. “We would never be …
Colombian Ecopetrol Announced Plans to Invest Up to $6.7 Billion and Produce Up to 730,000 bpd in 2024
Colombian state oil company Ecopetrol said it plans to invest between $5.7 billion and $6.7 billion and produce up to 730,000 b/d in 2024. The majority of these costs, about $4.8 billion, will go towards maintaining production at 725,000 to 730,000 boe/d, the company’s refineries at 420,000 to 430,000 b/d …
The Merger of LUKOIL-PERM and LUKOIL-KOMI Into a Single Organization Has Been Completed
The subsidiaries of the LUKOIL Group, LLC LUKOIL-PERM and LLC LUKOIL-Komi, completed their merger. The LUKOIL-PERM enterprise now holds licenses for geological study, exploration and production of hydrocarbons in the Perm Territory, the Udmurt Republic, the Republics of Bashkiria and Komi, as well as the Nenets Autonomous Okrug. Current recoverable …
Administration of UKMO, INK and Vostokgosplan Signed an Agreement on Development of a Master Plan for the Ust-Kut Region
The Irkutsk Oil Company (INK) signed an agreement on the development and implementation of a master plan for the Ust-Kut region with the administration of the Ust-Kut Municipal Formation (UKMO) and the Eastern State Planning Center (Vostokgosplan). FANU “Vostokgosplan” is engaged in carrying out research and expert-analytical work in the …