American Gas Producer EQT Increased Dividends by 5%
American EQT Corp., engaged in the production and transportation of natural gas, increased its quarterly dividends by 5% – to 15.75 cents per share from 15 cents. According to the company’s press release, payments will take place on December 1. The closure of the register of shareholders is scheduled for …
Seismologists of Belorusneft Began Testing Import-Substituting Equipment at a New Area
On October 13, at the Maysko-Makeevsko-Dneprovskaya area, specialists from the field seismic exploration department of Belorusneft began testing import-substituting equipment, BelTA was told at the enterprise. “The equipment has already been successfully tested in real projects in the Far North, Western Siberia and the Far East. Based on the results …
LUKOIL-Western Siberia will Build a Landfill for Oil Waste Near Surgut
The 140-hectare facility will be located next to future wells LUKOIL-Western Siberia LLC will build a landfill near Surgut to dispose of production waste from the Yuzhno-Yagunskoye field. The area of the object will be 140 hectares, according to the state protection service of cultural heritage sites of the Khanty-Mansi …
The Number of Oil and Gas Drilling Sites in the World Fell to a 14-Month Low in September
The number of active oil and gas drilling rigs worldwide fell for the second month in a row in September and is now at its lowest level in 14 months. According to the American oil services company Baker Hughes, on average 1,760 rigs were operating in the world last month …
Zarubezhneft Plans to Increase Oil Production in Africa to 2 Million Tons/Year by 2030
Oil producing company Zarubezhneft plans to increase oil production in Africa to 2 million tons per year by 2030. This was stated by the company’s Deputy General Director V. Terentyev at one of the sessions of the Russian Energy Week (REN-2023). The company intends to gradually achieve this goal: consistently …
Kazakhstan Expects a Decline in Mineral Reserves due to Geological Exploration Problems
Minister of Industry and Construction of the Republic Kanat Sharlapaev noted that state expenditures on geology are at a fairly low level Kazakhstan needs serious development of geological exploration in order to avoid a decrease in proven mineral reserves, which is predicted in 5-10 years. This was stated at a …
RN-Uvatneftegaz Increased the Production Rate of a Horizontal Well by 40% Thanks to Fishbone Technology
RN-Uvatneftegaz (part of the oil production complex of Rosneft Oil Company) built the first multilateral well at the Uvat project using fishbone technology. The well has five horizontal lateral branches and was built without hydraulic fracturing (fracturing). The initial production rate of the well was 163 tons of oil per …
Taas-Yuryakh Neftegazodobycha Opened a New Chemical and Analytical Laboratory
The Taas-Yuryakh Neftegazodobycha company, which is part of the Rosneft oil and gas production complex, commissioned a chemical analytical laboratory at the Srednebotuobinskoye oil and gas condensate field. The building meets all modern safety requirements, is equipped with a ventilation system and all necessary communications, as well as special laboratory …
Gazprom Neft, the Ministry of Energy and the Ministry of Industry and Trade Signed a Roadmap for the Development of Russian Equipment for Drilling and Hydrocarbon Production
Gazprom Neft, the Ministry of Energy of the Russian Federation and the Ministry of Industry and Trade of the Russian Federation signed a roadmap for the development of domestic equipment for drilling and onshore hydrocarbon production. The document defines specific steps to implement the relevant agreement between the company and …
Modern Reagents Ensured a Record Increase in Oil Recovery at the Gazprom Neft Field in the Yamal-Nenets Autonomous Okrug
Gazprom Neft successfully tested surfactants at the Sutorminskoye field in the Yamal-Nenets Autonomous Okrug. New reagents, developed by the company together with a foreign partner and one of the leading domestic petrochemical producers, made it possible to increase oil recovery from 18 to 21%, respectively. The reagent, created in partnership …