The 11th KDR – Well Engineering Forum to Take Place in Astana on 15 October 2026
The KDR Organising Committee is pleased to announce the 11th KDR – Well Engineering Forum, KDR-2026, which will take place on 15 October 2026 at the Rixos President Astana hotel. Over more than a decade, KDR has established itself as one of the key industry platforms in Kazakhstan and the Caspian …
Seven OPEC+ Countries Decided to Increase Oil Production Quotas by 188 Thousand Barrels per Day in June
Seven OPEC+ countries decided to increase oil production quotas in June by 188 thousand barrels per day, according to an OPEC press release. The next meeting of ministers of the seven countries is scheduled for June 7. Thus, the total OPEC+ quota for June, taking into account compensations from Kazakhstan …
Gazprom Neft Conducted Large-Scale Environmental Monitoring of the Arctic Nature
Scientists from Gazprom Neft assessed populations of birds and marine mammals along the Northern Sea Route, having studied a section more than 2 thousand kilometres long — from the Arctic Gate oil terminal in the Gulf of Obto the Barents Sea. Biodiversity monitoring is one of the key areas of …
The Economic Effect from the Implementation of Innovations at Verkhnechonskneftegaz in 2025 Exceeded 1 Billion Roubles
Verkhnechonskneftegaz (part of Rosneft) achieved an economic effect of more than 1 billion roubles in 2025 through the implementation of a production efficiency improvement programme. Proposals from the company’s specialists were introduced into the operation of pumping equipment, electrical equipment, casing and production strings, logging systems, as well as in …
Rosneft Increases the Economic Efficiency of Well Repairs
Samotlorneftegaz, one of the key production assets of Rosneft, has increased the efficiency of well repairs through the introduction of flexible steel-polymer pipe of Russian manufacture. The use of modern polymer coatings in the pipe structure reduces heat loss during operations to melt hydrate-paraffin deposits in the well. In addition, …
OPEC+ Countries Agree on Oil Production Increase Following UAE Withdrawal
Seven OPEC+ countries with voluntary production cuts (Russia, Saudi Arabia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman) are likely to agree on another increase in oil production quotas; however, it will be adjusted to take into account the UAE’s withdrawal from the organisation, Reuters reported citing sources. The Emirates News Agency …
The United Arab Emirates Announced Withdrawal from OPEC and OPEC+, Which Unite the Largest Oil-Producing Countries
UAE Energy Minister Suhail Mohamed Al Mazrouei told Reuters that the decision to withdraw from OPEC was made after a thorough analysis of energy strategies. When asked whether the UAE had consulted with Saudi Arabia, the de facto leader of OPEC, he replied that the UAE had not raised this …
The Government of Sierra Leone Signed a Contract with Marginal Energy for Hydrocarbon Production in the Country
The deal value amounts to 225 million United States dollars The Government of Sierra Leone has signed an agreement with Nigerian company Marginal Energy for the exploration and production of hydrocarbons on the country’s continental shelf.This was reported by the Petroleum Directorate of Sierra Leone (PDSL). The licence covers five …
UAE Ministry of Energy Explained Why the Country Withdrew from OPEC
The United Arab Emirates (UAE) announced that they are withdrawing from OPEC and OPEC+ based on national interests, taking advantage of a “favourable moment” — the closure of the Strait of Hormuz. The UAE authorities claim that this will allow them to avoid a collapse in oil prices. The United …
Equinor Drilled a Dry Well in the North Sea
Equinor and its partners drilled a dry well in the Skoll and Hati subsoil blocks east of the Visund field in the North Sea off the coast of Norway.This was reported by the Norwegian Offshore Directorate (NOD). Exploration well 34/8-A-37 H was drilled under licence PL120, located 140 kilometres west …