Shell Starts Development of Timi Field in Malaysia
Sarawak Shell Berhad (SSB, a subsidiary of Shell plc) has started natural gas production at the Timi field in Malaysia. This was reported by the press service of Shell. Timi field low-sulfur (sweet) gas field; opened in 2018; located approximately 252 km northwest of Bintulu in the Sarvak region, where …
LPG Exports are Declining, Associated Gas Flaring is Growing
The Ministry of Energy and the Ministry of Natural Resources are ready to return to discussing the deferment from paying increased fines for excess flaring of associated petroleum gas (APG) only at the beginning of 2023. This was reported by Kommersant. The law allows flaring only 5% of APG production. …
A New Chief IT Officer of Tatneft has been Appointed
Evgeny Zvezdin previously headed the company’s department for the development of the production system. Evgeny Zvezdin has been appointed Deputy General Director of PJSC TATNEFT for Digital Development. Since 2016, he headed the Tatneft production system development department, Devon news agency learned from a company message. Evgeniy Zvezdin will oversee …
Equinor Starts Production Ahead of Schedule at Statfjord Ost
Norwegian energy company Equinor has started production at its Statfjord Ost field in the North Sea six months ahead of schedule after drilling new wells, expecting a cumulative production increase of 26 million barrels of oil equivalent, according to a company press release. “Two new wells have been drilled … …
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 …