CNBC: ADNOC to Spend $1 Billion a Month on Fossil Fuels, According to Global Witness Research
CNBC has exclusively received a new analysis from Global Witness, an international non-governmental organization, that says UAE oil giant ADNOC, led by Sultan Al Jaber, who is also president of the COP28 climate conference, plans to spend an average of $1.14 billion a month just on oil production and gas …
Cumulative Oil Production of Samaraneftegaz Exceeded 1.3 Billion Tons
Samaraneftegaz (part of the Rosneft oil and gas production complex) has produced 1.3 billion tons of oil since the start of production in 1936. High production performance was achieved through the creation of a developed infrastructure for oil and gas production, the use of modern technologies, and the development of …
The Number of Oil and Gas Rigs in the World in August Fell for the First Time in 3 Months
In August 2023, the number of active oil and gas rigs worldwide fell in August for the first time in three months, according to US oilfield services company Baker Hughes. On average, last month there were 1,788 installations in the world compared to 1,820 in July. At the same time, …
Sinopec Discovers Gas Field in China’s Sichuan
Sinopec discovers a new field in Bazhong County with over 30 billion cubic meters of shale gas reserves Chinese state-owned oil and gas company Sinopec has discovered a new field in Sichuan province. The Bazhong field is located in the northeastern part of the province, and is considered the third …
Eni to Continue Operating FPSO Abo Offshore Nigeria
Nigerian Agip Exploration (NAE, a subsidiary of Italy’s Eni) has reached an agreement with BW Offshore to extend the lease of a floating oil and gas production, storage and offloading (FPSO) facility operating in a field off the Nigerian continental shelf. This was reported by the press service of BW …
20 Billion Cubic Meters of Gas Planned for Production in Yakutia in 2023
This year it is planned to produce 20 billion cubic meters of natural gas in Yakutia. And this is a very real benchmark, because in 2022 the volume of methane production in Yakutia increased by 25 percent and reached 17.3 billion cubic meters. This brought the northern republic to the …
New Technologies have Allowed Mining Companies to Reduce the Burden on Nature
It has always been believed that oil and gas production is a “dirty” business and a priori cannot be environmentally friendly. However, with the development of new technologies and their introduction into the raw materials industry, the situation is beginning to change, and more actively than it might seem at …
The President of Turkmenistan Replaced the Head of “Turkmengeology”
Gurbangeldy Garliyev appointed as new head of state corporation Turkmen President Serdar Berdimuhamedov dismissed Merdan Rozyev, chairman of the state corporation Turkmengeology, from his post. This was reported in the official program of the Turkmen television Watan. According to television, Roziev was relieved of his post in connection with the …
Eni Starts Hydrocarbon Production at the Largest Field in the Ivory Coast
The Italian Eni, together with the Ivorian Petroci Holding, has begun hydrocarbon production at the Balein field on the shelf of Côte d’Ivoire. “This milestone has been passed less than two years after the discovery made in September 2021 and less than a year and a half after the final …
Azerbaijan Expects 4-fold Increase in Annual Gas Production from Absheron – Minister of Energy
Azerbaijan expects a 4-fold increase in annual gas production from the Absheron gas condensate field in the Caspian Sea to 6 billion cubic meters, Energy Minister Parviz Shahbazov said. “We (Thursday in Baku – IF) took part in the ceremony of extraction of the first gas from the Absheron field. …