Gazprom Neft Will Continue to Advocate for Tax Incentives for the Development of Hard-to-Recover Reserves
By the year 2030, more than half of new oil production in the Russian Federation will come from hard-to-recover reserves, which require adjustments to the tax regime to encourage their development. This was stated by Alexander Dyukov, Chief Executive Officer of Gazprom Neft. In mid-April, the Government of the Russian …
Gazprom Neft: More Than Half of New Oil Production in the Russian Federation Will Come from Hard-to-Recover Reserves
By the year 2030, more than half of crude oil production in the Russian Federation will come from hard-to-recover reserves, which means that large-scale development of these resources will require adjustments to the tax regime and state support for technological innovation, according to Alexander Dyukov, Chief Executive Officer of Gazprom …
Gazprom Neft Has Renamed “GPN-Middle East Projects” to “Western Asia”
The subsidiary of Gazprom Neft, Limited Liability Company GPN-Middle East Projects, has been renamed Limited Liability Company Western Asia. The name change was registered on May 7, according to data from the Unified State Register of Legal Entities of the Russian Federation (EGRUL). Gazprom Neft established GPN-Middle East Projects exactly …
An Earthquake Occurred in the Western Part of the Republic of Kazakhstan Near the Tengiz Oil Field
An earthquake with a magnitude of 4.2 was recorded in the Atyrau Region in the western part of the Republic of Kazakhstan at 11:44 local time, according to the United States Geological Survey (USGS). According to the USGS, the epicenter of the earthquake was located 32 kilometers southwest of the …
The Joint Venture Rusvietpetro May Receive Five Oil and Gas Blocks in the Nenets Autonomous Okrug
The Russian-Vietnamese joint venture Rusvietpetro may receive five oil and gas subsoil plots in the Nenets Autonomous Okrug of the Russian Federation, in accordance with the protocol introducing amendments to the intergovernmental agreement between the Russian Federation and the Socialist Republic of Vietnam on the operation of the joint venture. …
The Operations of the Joint Venture Vietsovpetro May Be Extended Until the End of the Year 2050
The Government of the Russian Federation has approved a draft protocol introducing amendments to the agreement between the Russian Federation and the Socialist Republic of Vietnam regarding the operation of the joint venture Vietsovpetro, which includes the participation of the Russian oil company Zarubezhneft on the continental shelf of the …
Crude Oil Production in the United States of America Will Not Grow This Year in the Way That Donald Trump Wants
The United States of America remains the undisputed global leader in oil production, and experts surveyed by Rossiyskaya Gazeta do not doubt that the country’s production will continue to grow. However, it is unlikely that this growth will occur at the pace that the President of the United States of …
Aker BP Will Not Abandon the Norwegian Continental Shelf
Karl Johnny Hersvik, Chief Executive Officer of Aker BP, has stated that the company’s project portfolio on the Norwegian Continental Shelf remains competitive, even under conditions of declining oil prices. Just over two years ago, Aker BP and its partners announced plans to invest approximately 20 billion United States dollars …
The Russian Federation and the Bolivarian Republic of Venezuela Have Reached an Agreement on the Development of New Oil and Gas Fields
The Russian Federation and the Bolivarian Republic of Venezuela have reached an agreement on cooperation in the exploration and development of new oil and natural gas fields. The text of the agreement on strategic partnership and cooperation between the two countries has been published on the official website of the …
The Russian Federation Plans to Extract Oil in the Islamic Republic of Afghanistan
The Russian Federation Plans to Extract Oil in the Islamic Republic of Afghanistan According to statements made by Nuriddin Azizi, Minister of Industry and Trade of the Islamic Republic of Afghanistan, and the Business Representative of the Russian Federation in Afghanistan, a Russian company has already begun geological exploration activities …