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 …
Vladimir Kobychev Became the New Head of Gazprom Dobycha Noyabrsk
He worked in the structures of Gazprom for 22 years Vladimir Kobychev, who had worked in Gazprom’s structures for 22 years, was elected General Director of Gazprom Dobycha Noyabrsk. It is reported by “Gazprom”. From 2018 to 2023, he held the position of Deputy General Director for the production and …
The Economic Effect of Samotlorneftegaz from the Use of an Innovative Oil Recovery Method Exceeded 210 Million Rubles
The Samotlorneftegaz company, which is part of the production complex of NK Rosneft, has increased the efficiency of oil production thanks to the use of an innovative method of integrated mathematical modeling. Over the five years of the project implementation, digital analogues of ten production sites of the Samotlor field …
BRICS Accounts for Almost 45% of Global Oil Reserves After Expansion
The BRICS countries account for 48.5 million sq. km, which is four times the G7 in terms of population The BRICS group (Brazil, Russia, India, China, South Africa), having replenished with six new members – Argentina, Egypt, Iran, the United Arab Emirates, Saudi Arabia and Ethiopia, will become the owner …
American Chevron increases gas production capacity in Australia
American oil and gas company Chevron is increasing gas production capacity in Western Australia, according to a company press release. “Gas production capacity in Western Australia is growing as a result of technical improvements … aimed at increasing the level of production of Wheatstone gas near the city of Onslow,” …
KazMunayGas Received Less Than 416 Thousand Tons of Oil due to Accidents at the MAEC
As noted by Diana Arysova, Deputy Chairman of the Board of the Company, “in recent years, there has been an increase in the number of emergency power outages at the fields of Kazmunaigas by MAEK” Due to accidents at the Mangistau Nuclear Power Plant (MAEK), Kazakhstan’s national oil and gas …
Exxon, Hess and CNOOC Prepare New Oil Project in Guyana
American and Chinese oil and gas companies are preparing to launch the sixth offshore oil project in the Latin American country. $12.93 billion has been allocated for its development. The new project, called Whiptail, will be commissioned in 2027. This is not the first permission for a new oil production …
Gazprom Neft Will Use SKIF to Increase the Efficiency of Oil Production
Gazprom Neft PJSC has become the first industry partner of the Siberian Branch of the Russian Academy of Sciences in the project to create the Siberian Ring Photon Source (SKIF) – the company will use the development to study rocks in the future, Gazprom Neft said in a statement. The …
Canadian Shale Producers Promised to Increase Production by 8%
Canada plans to produce 350,000 b/d of oil from northern Alberta tar sands in 2025 Since the beginning of summer, wildfires and a field maintenance season have caused a decline in Canadian oil production, but companies have promised to increase production by 8%, writes Reuters. According to analysts, total production …