Olzhas Begimbetov Headed the Department of Geology and Exploration of the Oil Company “KazMunayGas”
Olzhas Begimbetov has been appointed to the position of Director of the Geology and Exploration Department of JSC OC KazMunayGas, reports MIA Kazinform with reference to the company’s press service. In previous years, Olzhas Begimbetov worked as director of the geological exploration department, director of the resource base development department, …
Rosneft Has Opened the Center for the Study of Carbonate Deposits of Hydrocarbons
Rosneft oil company, on the basis of its own research and design unit, created a Competence Center for the study of carbonate hydrocarbon deposits. The professional community unites more than 300 specialists from 22 mining enterprises and 9 corporate scientific institutes. The tasks of the expert center include the development …
The Permian Shale Basin is Hit by a Wave of Acquisitions
M&A activity is picking up pace in the Permian, the largest shale oil and gas basin in the United States. The M&A wave is being driven by the largest shale formation in the US as companies race to quickly rebuild their dwindling assets. Simply put, given Biden’s green policies and …
United States Imposed Sanctions Against a Number of Oilfield Companies in the Russian Federation
The United States imposed sanctions against the next companies in the Russian oilfieldings, the Office of the American Ministry of Finance (OFAC) said. Velesstroy LLC, one of the largest contractors for the construction of oil and gas infrastructure, fell under the restrictions. Earlier, the company introduced a number of key …
Shell Sold North Sea Field Despite Its Prospects
Shell sold the Cambo field project in the North Sea to Britain’s Ithaca Energy. The Kambo field is the second largest untapped oil and gas field in the UK North Sea. However, Shell believes that the time has come to part with such an asset by selling it to Britain’s …
KazMunayGas and Lukoil Have Formed an Operator for a Joint Project
The national oil and gas company of Kazakhstan KazMunayGas (KMG) and the Lukoil company are completing the procedures for forming the operator Kalamkas-Khazar Operating LLP of the Caspian offshore production project Kalamkas-Sea, Khazar, Auezov, the KMG press service reported. According to the press service, the head of KMG Magzum Mirzagaliev …
Mechanisms to Stimulate Work at Depleted Fields Will be Introduced in the Republic of Kazakhstan
Deputy Duisenbai Turganov commented on the bill on improving the sphere of subsoil use, approved today in the first reading at the plenary meeting of the Mazhilis, a Kazinform correspondent reports. In turn, Vice Minister of Energy Askhat Khasenov said that the number of depleted fields in the country has …
Russia Kept Oil Production in August at July Levels
It amounted to 9.48 million b/d Russia maintained oil production in August 2023 at the level of the previous month – 9.48 million barrels per day (b/d), according to a report by the International Energy Agency (IEA). At the same time, the Russian Federation’s revenues from oil exports, according to …
Offshore Gas Production in Colombia Attracts Oil and Gas Majors
British Shell and Brazilian Petrobras have shown interest in expanding their participation in gas production projects on the shelf of the Latin American country. Shell and Petrobras are ready to work in Colombia even though the country’s current president wants to abandon fossil fuels and has stopped issuing new licenses …
Plans for Oil Production Volumes in Kazakhstan This Year May Not be Fulfilled
Vice Minister of Energy of the Republic of Kazakhstan Askhat Khasenov noted that this year oil production volumes in Kazakhstan may decrease slightly, a Kazinform correspondent reports. According to him, even if the target of 90 million tons is not fulfilled, about 89 million tons of oil can be produced …