Roman Panov has Heen Appointed to the Position of President of GEOTEK
A new stage of development is beginning for one of the leaders of the Russian geological exploration market, the Geotek company. Roman Panov was appointed president of the company. The decision was approved by the board of directors of Geotech JSC. Panov has serious expertise in the management and development …
Pertamina and Petronas Close Deal to Buy Shell’s Stake in Indonesian Masela Asset
Indonesia’s Pertamina and Malaysia’s Petronas have closed a deal to acquire Shell’s 35% stake in the Masela natural gas field, which includes the Abadi project, the Indonesian state-owned company reports. Pertamina Hulu Energi Masela received 20% of the project from Shell Upstream Overseas Services Limited, while Petronas Masela received 15%. …
Rosneft and CNPC Signed an Agreement on Joint Development of Hydraulic Fracturing Technology
The Rosneft Scientific Institute in Ufa and the Research Institute of the China National Petroleum Corporation (CNPC) entered into an Agreement on technological cooperation in the field of design and modeling of the hydraulic fracturing (HF) process within the framework of the V Russian-Chinese Energy Business Forum. The document provides …
Rosgeo Was Concerned about the Lack of Investment in Geological Exploration
The lack of investment in geological exploration (GE), observed against the backdrop of the need to replenish the mineral resource base (MRB) of scarce and import-dependent types of minerals, is of concern. This statement was made by Deputy General Director of Rosgeologia Arthur Uzyunkoyan during a meeting of the Federation …
BP Group Withdraws from Senegal’s Largest Gas Project
According to Bloomberg, this will increase the share of participation of the African government Energy group BP is negotiating an exit from the Yaqar-Teranga gas field project offshore Senegal, which will increase the African government’s share of participation. Bloomberg reported this. The Yakaar-Teranga field was discovered in 2016, the first …
Geological Exploration in Russia is Effective Even During a Crisis, Gazprom Neft Believes
The work of Russian geological exploration has not stopped – everyone has learned to ensure the continuity of processes, said Masalkin, director of geological exploration of the company The domestic geological exploration industry is supported by the state, and is itself looking for new technologies and tools to work effectively …
Director of Geological Exploration at Gazprom Neft: We Have Found the Technological Key to 20% of the Achimov Formation in Western Siberia
Yuri Masalkin spoke about trends in the industry and priorities for Gazprom Neft Geological exploration is a basic element of the work of any mining company. Without the resource component, the business planning horizon of an oil company is critically narrowed. But geological exploration is also the highest-risk stage; the …
Gas Production in Russia Fell by 11.4 Percent in January-September
Gas production in Russia in January-September decreased by 11.4% compared to the same period last year – to 380 billion cubic meters, in September – increased by 1.5%, to 39.8 billion cubic meters, Rosstat reported. “39.8 billion cubic meters of combustible natural gas were produced, which is 1.5% more than …
CNPC Will Produce More than 150 Billion Cubic Meters in China in 2023. m of Gas, Imports 90 Billion Cubic Meters. m
CNPC plans to produce more than 150 billion cubic meters of gas in China by the end of 2023, which is 67% of the country’s total production, said company president Hou Qijun during the International Conference “Oil and Gas of Turkmenistan”. According to him, the company’s imports this year will …
Norway’s Gas Production Falls to 4-Year Low
In September 2023, Norway significantly reduced the production of liquid hydrocarbons (LPH) and gas. This is evidenced by preliminary data from the Norwegian Petroleum Directorate (NPD), published on October 23, 2023. Decrease in liquid hydrocarbon production In September 2023, liquid hydrocarbon production in Norway amounted to 1.802 million barrels per …