Rosneft has Developed a New Hydraulic Fracturing Technology
Specialists from the Rosneft Scientific Institute in Ufa have developed an innovative technology for multi-stage hydraulic fracturing (MSHF) for ultra-low-permeability rocks. This will increase the productivity of wells in fields with a complex geological structure by 2-3 times. The essence of the technology consists in alternate injection of proppant with …
British Oil and Gas Company Ithaca Energy Cuts Investment Due to Excess Income Tax
Ithaca Energy, one of the UK’s largest oil and gas producers, has slashed investment and is even talking about canceling a number of projects this year and next. The reason is the excessive expenses associated with the payment of the windfall income tax, which London initiated about a year ago. …
Belorusneft Carried out Hydraulic Fracturing Using a New Technology
Belarusian oilmen carried out hydraulic fracturing at the Rechitskaya area using a new technology, Belorusneft told a BelTA correspondent. The innovation in the development of wells at the facilities of Belorusneft was of a pilot format. As Vasily Frolov, First Deputy Head, Chief Engineer of NGDU “Rechitsaneft” pointed out, this …
Alexey Ovechkin Put in Charge of Gazprom Nedra
Alexey Ovechkin has been elected Director General of Gazprom Nedra. Alexey Ovechkin was born in 1977. He graduated from Udmurt State University, majoring in Oil and Gas Field Development and Operation. Between 1999 and 2009, he worked in various companies of the oil and gas industry, rising through the ranks from Assistant Well Survey Foreman to Deputy Director for …
NOVATEK’s Board Recommends 1H 2023 Dividend
The Board of Directors (the “Board”) of PAO NOVATEK (“NOVATEK” and/or the “Company”) discussed the Company’s results for the First Half 2023 and decided to convene an Extraordinary General Meeting of Shareholders (“EGM”) on 29 September 2023 in the form of absentee voting, with the following agenda: Payment …
On July 21, 2023, in Surgut, at a Meeting of the Coordinating Council for Industry, NANGS President Viktor Khaikov Made a Number of Proposals for the Development of the Russian Oil and Gas Service to Russian Deputy Prime Minister Denis Manturov
Deputy Prime Minister of the Russian Federation – Minister of Industry and Trade of the Russian Federation Denis Manturov made a working trip to the Khanty-Mansiysk Autonomous Okrug – Yugra. He, together with the Plenipotentiary Representative of the President in the Ural Federal District Vladimir Yakushev and the Governor of …
Kenyan Hydrocarbon Producers to Give 40% Carbon Tax to Local Communities
Kenya considers new carbon tax project with local communities in mind Kenyan lawmakers passed a law according to which 40% of the carbon tax from companies, including those developing hydrocarbon deposits, will be deducted in favor of local communities on whose land the enterprises operate, writes Bloomberg. From the tax …
Oil Production in the Gulf of Mexico is Limited for the Sake of Whales
Washington is reducing the area for issuing new oil production licenses in the Gulf of Mexico to save marine mammals The US federal government has reduced the area that will be offered in the next oil and gas lease sale in the Gulf of Mexico by 9%. The reason is …
Cumulative Gas Reserves in the “New” BRICS Will Reach Half of the World’s
Gas reserves in the BRICS countries (now Brazil, Russia, India, China and South Africa) after the expected expansion of this association will double, to about 50% of all world reserves, follows from RIA Novosti calculations based on statistical data. Following the summit in Johannesburg, the UAE, Saudi Arabia, Iran, Argentina, …
Gas Production Resumed at the Dvalin Field in the Norwegian Sea
Wintershall Dea and its partners Petoro and Sval Energi have resumed production at the Dvalin gas field in the Norwegian Sea, which is expected to supply significant volumes of gas to the European market. The offshore Norwegian gas field Dvalin, which is being developed as a satellite of the Heidrun …