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 …
Turkish Subsidiary of SOCAR AQS to Drill 4 Oil Wells in Southeast Turkey
The Turkish company SOCAR AQS Sondaj Muhendislik Sanayi ve Ticaret A.S (SOCAR AQS Turkiye) and the Turkish state oil company TPAO signed a drilling contract. SOCAR AQS Turkiye is a subsidiary of SOCAR AQS drilling company. “The contract provides for the drilling of 4 oil wells by SOCAR AQS Turkiye …
Germany’s Wintershall Dea Starts Gas Production at a Newly Discovered Field
German oil and gas company Wintershall Dea has started gas production at the Dvalin field in the Norwegian Sea, the company said. “Wintershall Dea, together with partners Petoro and Sval Energi, has started gas production at the producing Dvalin gas field in the Norwegian Sea, providing significant new gas volumes …
Equinor is Exploring the Possibility of Selling Assets in Azerbaijan for $1 Billion
The Norwegian company Equinor ASA is studying the possibility of selling its activities in Azerbaijan, including a stake in the largest oil project Azeri-Chirag-Guneshli, Bloomberg reports citing informed sources. “Norwegian energy company is working with Jefferies Financial Group Inc. to assess buyer interest in assets, including a 7.27% stake in …
New Oil Field Discovered in the Gulf of Suez
A new oil field has been discovered in the Gulf of Suez, the Egyptian Ministry of Petroleum and Natural Resources said in a statement. “Cheiron has announced the discovery of a new field in the western Geisum Tahuila concession area in the Gulf of Suez,” the ministry said in a …
Norway Increased Production of Liquid Hydrocarbons in July Worse than Expected
Norway in July 2023 increased the production of oil, condensate and NGL by 9% year-on-year, to 2.037 million barrels per day (b / d), according to preliminary data from the Norwegian Petroleum Directorate (NPD). The indicator turned out to be worse than the NPD forecast, which expected production at the …
TotalEnergies and Inpex Secure Two Gas Fields off the Coast of Australia
The French and Japanese companies will receive 26% and 74% of the assets of the Ichthys LNG project off the west coast of Australia. It is believed that the involvement of large companies will ensure the sustainability of LNG production in the western part of the country. Permits for the …
Guyana Could Become the Fastest Growing Oil Province in the World
The consortium, which includes ExxonMobil, US oil company Hess and China’s CNOOC, plans to spend $12.93 billion to develop its sixth offshore oil project in Guyana. The floating production platform for the Whiptail project will start operating in 2027 and will provide more than 1.2 million barrels per day of …
Oil Companies Requested a Reduction in Fees for Emissions at Fields in the Yamalo-Nenets Autonomous Okrug
The oilmen explain the measures by the difficulties with the supply of equipment due to sanctions Russian oil companies have applied to the Government of the Russian Federation with a request to amend the regulation on the calculation of fees for the negative impact on the environment from emissions of …