Wintershall Dea is Discussing its Exit from the Joint Venture in Russia with Gazprom
The head of the company, Mario Meren, did not comment on whether it is possible to nationalize Wintershall Dea’s shares in Russian enterprises Germany’s Wintershall Dea is in negotiations with Gazprom regarding its exit from joint ventures in Russia. This was stated by the head of the company, Mario Meren, …
Wintershall Dea Recorded no Disruptions at Its Assets in North Africa
The head of the oil and gas company, Mario Meren, said that the company has no operating assets in Israel The German Wintershall Dea, one of the largest oil and gas companies in Europe, has not recorded any disruptions in the operation of its assets in the Middle East and …
Wintershall Dea’s Net Profit for the Third Quarter Fell by 86%
Wintershall Dea’s adjusted net profit amounted to €61 million; without adjustment, the German company received a loss of €535 million While the German company is discussing with Gazprom how it can exit its assets in the Russian Federation, the report for the third quarter showed that its net profit has …
In January-September 2023, SOCAR Slightly Reduced Oil Production and Increased Gas Production by 9%
The SOCAR (State Oil Company of Azerbaijan) company produced 5 million 819.062 thousand tons of oil in January-September 2023, the company’s press service told Interfax-Azerbaijan. According to SOCAR, in January-September 2022, the company produced 5 million 824.441 thousand tons of oil. Thus, the decline in oil production in January-September 2023 …
Biden’s Alaska Plan Threatens New Wells
The Biden administration is pursuing initiatives that could make it impossible to extract oil under new leases in the 23 million-acre area. Alaska’s congressional delegation said the Biden administration “abruptly decided to revise the law so that it could treat the 13.1 million acres of the refuge as de facto federal lands.” …
Iran Acquires Shale Oil Production Technology
The shale oil pilot project in Iran is in its final stages and the country can be said to have access to the technology to extract oil from such reserves. The pilot shale oil pilot project in Iran was designed to study the technical and economic aspects of the shale …
TotalEnergies sold 40% of Block 20 in Angola to Petronas
TotalEnergies EP Angola Block 20 has closed the sale of a 40% stake in Block 20 of the Kwanza Basin (Angola) to Petronas Angola E&P Ltd (PAEPL, controlled by Malaysian Petronas) ahead of the start of development of the asset, the French oil company said. The transaction amount is $400 …
The Bill on Stimulating Geological Exploration Was Adopted in the First Reading
The document proposes a simplified mechanism for re-issuing licenses and admitting private companies to the regional stages of geological exploration. Issues of liberalizing the circulation of exploration licenses were regularly raised by subsoil users. Now, to expand their resource base, they can only buy licenses together with a legal entity …
The Vyngayakhinsky Gas Field of the Gazprom Dobycha Noyabrsk Company is 20 Years Old
The Vyngayakhinsky gas field of the Gazprom dobycha Noyabrsk company is 20 years old On October 25, 2003, gas supply to the pipeline from the Vyngayakhinsky gas field began. The volume of accumulated production since the start of operation is more than 91 billion cubic meters of gas. The Vyngayakhinsky …
Khanty-Mansi Autonomous Okrug Authorities Will Sell Six New Fields to Oilmen
In 2024, the KhMAO authorities will sell licenses for six new oil and oil and gas fields. The district government website states that the subsoil areas contain more than 60 million tons of oil and 7 billion cubic meters of gas. “The proposals of the Department of Subsoil Use and …