Petrobras Upgrades Offshore Hydrocarbon Platforms in Brazil
State-owned Petrobras has put into operation two new production platforms for offshore fields in Brazil. These facilities will not only help increase hydrocarbon production, but also reduce the burden on the environment, the company reports. One of the installations is called Anita Garibaldi, the other is Anna Nery. Both platforms …
APA Corporation Will Invest $1.4 Billion in Egypt’s Oil Sector in 2024
Company CEO John Christman said that APA Corporation “looks forward to support in making decisions to continue its involvement in the Egyptian market.” The American company APA Corporation intends to invest about 1.4 billion US dollars to develop projects in oil Egypt in 2024. This was announced by the Cabinet …
The EU Has Taken the First Step Towards the Introduction of “Carbon” Tariffs
The European Commission approved the rules for the implementation of the mechanism of transboundary carbon regulation at the preparatory stage. The requirements for the Carbon Border Adjustment Mechanism (CBAM) system will come into force on October 1 and will be valid until the end of 2025. This will be the …
Contrary to the Aspirations of the “Greens”, an Increase in Geological Exploration for Oil and Gas is Predicted
Oil and gas exploration spending will recover and average $22 billion a year over the next 5 years, Wood Mackenzie says The growth of exploration work will occur due to the need to bring new hydrocarbon deposits into operation. It is noted that in 2006-2014, exploration experienced a boom, its …
U.S. Energy Transfer to Buy Crestwood for $7.1 Billion
US pipeline giant Energy Transfer has agreed to buy Crestwood Equity Partners for approximately $7.1 billion, including $3.3 billion in debt. This was announced on August 16 by the press service of Energy Transfer. The transaction will be fully paid in equity instruments. Ordinary share holders of Crestwood, which specializes …
Rescuers of the Chayandinskoye Oil and Gas Production Department of Gazprom Dobycha Noyabrsk Confirmed Their Qualifications
On August 14–15, at the Chayandinskoye field, the non-standard emergency rescue team of the Chayandinsk Oil and Gas Production Administration (NASF ChNGPU) was certified. In the course of special tactical exercises, actions were worked out to bring the formation to readiness and search and rescue the victims. They were held …
Consortium Led by TotalEnergies to Start Drilling Offshore Lebanon
According to a study by French specialists, potential hydrocarbon reserves on the shelf can be up to 700 billion cubic meters. m of gas The drilling vessel of the Swiss company Transocean has arrived in the exclusive economic zone of Lebanon to carry out exploration work on block 9, where …
KazMunayGas and Lukoil Complete Registration of Sale of 50% Stake in Kalamkas-Khazar Operating
KMG reported full mutual understanding and the absence of any controversial issues in the negotiating positions of the parties Oil and gas company of Kazakhstan “KazMunayGas” (KMG) and “Lukoil” complete registration of the sale of 50% stake in Kalamkas-Khazar Operating in favor of the Russian company. This was reported in …
Ecuador is Looking for Investors to Develop a Field in the Gulf of Guayaquil in an Attempt to Increase Natural Gas Production
Ecuador’s state oil company EP Petroecuador invites investors to participate in a tender for the development of a natural gas field located in the Gulf of Guayaquil. This was reported by the press service of the company. Amistad gas field: located in block 6 in Guayaquil Bay, 55 km from …
Oil Production in Venezuela Increased by 10.65 Percent in 2023
The average daily level of oil production in Venezuela increased from January to July 2023 from 732 to 810 thousand barrels per day – monthly statistics were published by the Minister of Oil and the head of the Venezuelan oil and gas PDVSA, Rafael Tellechea. “Oil production in Venezuela continues …