TotalEnergies and SOCAR Start Production as Part of the First Phase of the Development of the Absheron Gas Condensate Field in the Caspian Sea
The French company TotalEnergies together with SOCAR (State Oil Company of Azerbaijan) has started production as part of the first phase of the development of the Absheron gas condensate field in the Caspian Sea. “TotalEnergies and its partner in the project, SOCAR, announced the start of production as part of …
TotalEnergies Will Increase Gas Production in Algeria
The French oil and gas company TotalEnergies has entered into an agreement with the Algerian state-owned company Sonatrach aimed at increasing gas production in Algeria, according to a press release from TotalEnergies. The agreement covers gas production at the Tin Fouye Tabankort II (TFT II) and Tin Fouye Tabankort Sud …
Poland Decided to Sell the “Daughter” of NOVATEK
Development Minister Waldemar Buda: Poland is selling Novatek’s subsidiary Novatek Green Energy. Poland has initiated the sale of Russian NOVATEK’s subsidiary Novatek Green Energy, which had previously been subject to external management, the country’s development minister said. Mikhelson called the nationalization of assets a robbery and promised to sue. Poland …
Young Specialists of RITEK Are Recognized as the Best in LUKOIL
The title of “Best Young Specialist of PJSC LUKOIL” following the results of a corporate competition was awarded to Ilya Kupaev, Leading Engineer of CITS, and Danila Agapov, operator of the control panel in oil and gas production, TsDNG SEVER. Both specialists work in the Samara division of RITEK (part …
Government Proposes to Invest in Regional Geological Exploration
They can also simplify the sale of licenses for subsoil, but only for Russian companies. The Russian government has submitted to the State Duma amendments to the law of the Russian Federation “On Subsoil” of 1992. It is proposed to allow attraction of private investments in the regional stages of …
Saudi Arabia Stressed That Russia Voluntarily Reduced Oil Production
Russia’s 500,000 barrels per day cut in oil exports was not forced upon it, it was a voluntary decision, compliance checks will be monthly, said Saudi Energy Minister Prince Abdulaziz bin Salman. “We did this (reduction – ed.) partly with the support of colleagues from Russia … We received confirmation …
The Effectiveness of In-Situ Combustion is Proven For Shale Oil Production in Oman
The method for this type of UVS has been adapted and experimentally tested at the Kazan Federal University. For the first time, the efficiency of oil shale development in the low-permeability reservoirs of the Natih B field in Oman has been proven. For this, the method of in-situ combustion was …
The Head of Shell Called the Decline in Oil and Gas Production Dangerous and Irresponsible
Cutting oil and gas production would be dangerous and irresponsible, Shell CEO Wael Savan told the BBC. According to the top manager, the world is still “desperately in need of oil and gas”, and the speed of transition to renewable energy is not yet sufficient to replace them. Wael also …
The First Well on the Offshore Block in Kazakhstan, Where the Azerbaijani SSDR Was Used, Turned Out to be “Dry”
The first well on the Zhenis offshore block in the Kazakh sector of the Caspian Sea turned out to be “dry”, Upstream writes. Well V-1 had a target depth of 3,300 meters. Drilling began at the end of last year using the Dada Gorgud jack-up drilling rig of the Azerbaijani …
Oil Production in Brazil May Grow by 4-5% in 2023-2024
Oil production in Brazil in 2023-2024 may grow by 4-5%. This was stated by the CEO of the Brazilian oil and gas company Petrobras J.-P. Prates. According to him, the company already has 2 new FPSO floating vessels, which will increase oil production. An increase of 4-5% is expected this …