The Asset of NK Neftisa is Preparing to Start Oil Production in the Sverdlovsk Region
Uralnefteservis has begun the process of approving the construction of production wells JSC Uralnefteservis (part of NK Neftisa, which is associated with businessman Mikhail Gutseriev) announced public hearings on environmental impact assessment (EIA) as part of the project for the development of well 1P of the Krasilnikovsky license area. We …
Brazilian Petrobras Will Invest About $300 Million in Drilling Two Exploration Wells
Brazilian state oil company Petrobras plans to invest about $300 million to drill two exploration wells in the deep waters of the Potiguar Basin after environmental licenses were issued last week. The license, awarded by environmental agency Ibama on Friday, is Petrobras’ first since 2013 to drill in the so-called …
Qatar Energy Spoke About a New Exploration Block in the Mediterranean Sea
The Qatari state-owned energy company QatarEnergy received a new exploration block East Port Said in the Mediterranean Sea as part of a competition held by the Republic of Egypt, the Qatari company reported in a press release. As part of the international tender EGAS 2022, QatarEnergy became the owner of …
Gazprom Neft is Developing the Infrastructure of Its Flagship Asset in Khanty-Mansi Autonomous Okrug-Yugra
Gazpromneft-Khantos is increasing production capacity at the Alexander Zhagrin field. The company has put into operation a new complex, which will increase production at the field from 5.5 million to 8 million tons per year. The new oil treatment unit will complement the existing infrastructure, which was launched at the …
Rosgeo Confirmed Its Leadership in the Anti-Corruption Rating of the Russian Union of Industrialists and Entrepreneurs
In 2023, Rosgeology again received the highest level in the Anti-Corruption Rating of Russian Business of the Russian Union of Industrialists and Entrepreneurs. The assigned Rating class AAA+ corresponds to the maximum level of anti-corruption. Rosgeology took part in the Anti-Corruption Rating for the third time and this year has …
Trump Promised that the United States Will Surpass Russia and Saudi Arabia in Oil Production
According to the former President of the United States, the country will dominate the energy sector within a few months of his re-election as head of state. Former US President Donald Trump said that if he wins the presidential election, he will ensure that the country produces more oil than …
India Has Not Received an Offer to Buy Exxon’s Stake in Sakhalin-1
ExxonMobil announced in March 2022 its withdrawal from the project and departure from Russia India has not received an offer to buy Exxon’s stake in the new operator of the Sakhalin-1 oil and gas project. Secretary of the Ministry of Petroleum and Natural Gas of India Pankaj Jain told reporters …
Eni Discovers Large Gas Field in Indonesia
Italy’s Eni has discovered a large gas field in the Geng North-1 exploration well in Indonesia, with the volume of gas discovered tentatively amounting to 5 trillion cubic feet, the company said in a press release. “Eni announces the discovery of a large gas field in the Geng North-1 exploration …
Verkhnechonskneftegaz Has Selected Unique Technologies for the Development of Reserves of the Preobrazhensky Horizon
The Verkhnechonskneftegaz company (part of Rosneft) has begun full-scale development of the Preobrazhensky horizon at the Verkhnechonskoye oil and gas condensate field. Additional production at the field will amount to 4 million tons of oil due to the drilling and reconstruction of more than 200 wells. The Company’s specialists have …
The Heads of Eni and BP Believe That the World Needs Investment in Oil and Gas Now
Eni CEO Claudio Descalzi said it is dangerous to talk about peak oil demand before 2030 Global demand for oil and gas remains, and talk about its peak occurring before 2030 is dangerous, as it will lead to a decrease in investment and rising prices, says Claudio Descalzi, head of …