Six New Wells Replenished Belorusneft’s Fund in October
The well stock of the Belorusneft company was replenished with new objects in October. The drilling of six wells has been completed, BELTA was told at the enterprise. As noted at the enterprise, the team of the Vyshkomontazhnaya management has also gained good momentum. Thus, in October, five assembled rigs …
Kazakhstan is Aimed at a Peaceful Resolution of the Dispute with the Operator of Kashagan over Environmental Violations
Kazakhstan is determined to resolve the environmental dispute with the operator of Kashagan (NCOC) peacefully, said Kazakh Prime Minister Alikhan Smailov. “As for the environmental dispute. Due to the presence of a fairly large volume of sulfur in this field, we are ready for any scenario, but we need to …
CNPC is Discussing Hydrocarbon Production with Gazprom, Rosneft and Novatek
China is trying to work with all parties, including Gazprom, to develop high-quality energy cooperation, Beijing said Chinese CNPC is discussing cooperation with Gazprom, Rosneft and Novatek in terms of hydrocarbon trading and pipeline expansion. This was stated by Vice President of CNPC Xie Jun during the St. Petersburg International …
Algerian Sonatrach Returns to Libya
The Algerian company said it was negotiating the resumption of work on assets in Libya. Sonatrach from Algeria discussed with the Libyan NOC the prospects for resuming geological exploration in blocks 065 and 96/95 in the Ghadames basin in Libya. As the Algerian company clarifies, it is ready to begin …
26.5 Million Tons of Oil Were Produced in Tatarstan over 9 Months
Of this, small oil companies accounted for 5.3 million tons. From January to September 2023, 26.452 million tons of oil were produced in Tatarstan. Of this, small oil companies (SOCs) accounted for 5.3 million tons. By the end of the year, this figure is planned to be increased to 7 …
CNOOC Announced the Start of Production at Another Oil Field
Chinese CNOOC Limited (a subsidiary of the oil and gas giant China National Offshore Oil Corporation, CNOOC) has begun production at an oil field located in the Bohai Gulf. The company’s press service reports this. Penglai 19-3 Oil Field the project is located in the south-central Bohai Bay; work is …
American Shale Producers Continue to Absorb Each Other
According to Reuters, ConocoPhillips would like to buy CrownRock for $10-15 billion But ConocoPhillips is not the first contender for the hand of this shale company. Diamondback Energy, Devon Energy, Marathon Oil and Continental Resources also wanted to compete for her favor, but were unable to reach an agreement. However, …
Hard-to-recover Reserves Await New Benefits
The departments are discussing additional measures to stimulate the development of hard-to-recover hydrocarbon reserves. Relevant ministries are working to expand tax benefits for hard-to-recover hydrocarbon reserves (HRR), writes the Kommersant newspaper with a link to the minutes of the relevant meeting held in Khanty-Mansi Autonomous Okrug. The list under discussion …
London Advocates Moratorium on Deep-sea Mining
The UK government has supported the suspension of deep seabed mining until enough information is collected to assess the impact on the environment, the Financial Times reported on Monday. “On Monday, the government announced its support for temporarily suspending sponsorship or licensing support for seafloor metal mining projects until sufficient …
American Oil and Gas Companies are Leaving Europe and Africa
ExxonMobil and Chevron are increasing investment in the United States, are interested in Latin America, but are leaving European and African assets ExxonMobil and Chevron are increasing their presence in the United States through large acquisitions of American companies operating in the United States. Corporations are also increasing their capital …