Oil and Gas Company Saneg from Uzbekistan Increased Gas Production by 3.5 Times
One of the largest oil and gas companies in Uzbekistan – Saneg – from 2021 to 2022 increased gas production by 3.5 times, to 1.4 billion m3. This was reported by the press service of the company. Saneg is the executor of the government program to increase oil production in …
The Number of Oil and Gas Drilling Rigs in the US Decreased in August
The number of active oil rigs in the US fell in August for the ninth consecutive month, while the combined number of active oil and gas rigs fell for the fourth month. This was announced on Friday at the oilfield service company Baker Hughes. The total number of active oil …
Oilfield Service Company ADES to List 30% of Shares in IPO
Saudi Arabia Public Investment Fund (PIF) and ADES Investments Holding Ltd. and Zamil Group Investment Ltd. are planning to list a 30% stake in ADES International Holding, one of the leading providers of drilling and oil and gas production services in the Middle East and Africa. As they say in …
Udmurtneft Celebrates 50 Years Since the Development of the Mishkinskoye Field
Udmurtneft (operated by NK Rosneft and the Chinese Petrochemical Corporation Sinopec) celebrates 50 years since the start of the development of the Mishkinskoye oil field, one of the largest in the territory of the Udmurt Republic. The Mishkinskoye field was put into commercial operation in August 1973. The cumulative production …
SOCAR Starts Estimating Reserves of 27 Fields in the Caspian According to SPE-PRMS Classification
SOCAR (State Oil Company of Azerbaijan) has started estimating reserves of 27 fields in the Azerbaijani sector of the Caspian Sea according to the SPE-PRMS classification. “Within the framework of cooperation with DeGolyer and MacNaughton, the calculation (reserves -IF) of 27 fields in the Azerbaijani sector of the Caspian Sea …
Eni Starts Production at Baleine field in Ivory Coast
Italian oil and gas giant Eni has started oil and gas production at the Balein field on the continental shelf of Côte d’Ivoire. This was reported by the press service of the company. This stage came less than 2 years after opening in September 2021 and less than 1.5 years …
Shell Starts Development of Timi Field in Malaysia
Sarawak Shell Berhad (SSB, a subsidiary of Shell plc) has started natural gas production at the Timi field in Malaysia. This was reported by the press service of Shell. Timi field low-sulfur (sweet) gas field; opened in 2018; located approximately 252 km northwest of Bintulu in the Sarvak region, where …
LPG Exports are Declining, Associated Gas Flaring is Growing
The Ministry of Energy and the Ministry of Natural Resources are ready to return to discussing the deferment from paying increased fines for excess flaring of associated petroleum gas (APG) only at the beginning of 2023. This was reported by Kommersant. The law allows flaring only 5% of APG production. …
A New Chief IT Officer of Tatneft has been Appointed
Evgeny Zvezdin previously headed the company’s department for the development of the production system. Evgeny Zvezdin has been appointed Deputy General Director of PJSC TATNEFT for Digital Development. Since 2016, he headed the Tatneft production system development department, Devon news agency learned from a company message. Evgeniy Zvezdin will oversee …
Equinor Starts Production Ahead of Schedule at Statfjord Ost
Norwegian energy company Equinor has started production at its Statfjord Ost field in the North Sea six months ahead of schedule after drilling new wells, expecting a cumulative production increase of 26 million barrels of oil equivalent, according to a company press release. “Two new wells have been drilled … …