How to “Ennoble” Heavy Oil in the Reservoir
…And extract rare earth metals from it. New catalysts for the underground upgrading of extra-viscous oil have made it possible to increase production at the Tatneft well. With the help of Kazan Federal University technology, great success was also achieved at the Cuban Boca de Jaruco field. Its development is …
New Points of Attraction: Gazprom Neft Will Help Transform Regional Museums
Eight museums from four regions of Russia will have the opportunity to improve the quality of their cultural projects through an acceleration program launched by Gazprom Neft in 2023. A free online platform will help prepare and implement new initiatives that are attractive to local residents and tourists. Following the …
The Largest US Shale Companies Increase Production, Media Reported
Key U.S. shale companies are ramping up production, extracting more from each well, but are in no hurry to bring in significant new production capacity. This is evidenced by the analysis of the reporting of these companies conducted by Reuters. Companies that turned the world oil and gas markets over …
UK Increases Spending to Decommission Offshore North Sea Fields
The UK’s North Sea Transition Authority (NSTA) latest report on the costs and performance of decommissioning UK offshore facilities shows that the industry has spent a total of around £8bn between 2017 and 2022. New figures show that the North Sea oil and gas industry spent £1.6bn in 2022 decommissioning …
US Oil Production Up by 400,000 Barrels a Day
U.S. oil production rose by 400,000 bpd in the week ending August 4 to 12.6 million bpd, according to a weekly review by the Energy Information Administration of the country’s Department of Energy. On average, over the past four weeks, oil production in the United States amounted to 12.325 million …
LNG Japan Bought Out a 10% Stake in the Scarborough Gas Project in Australia
Japanese gas company LNG Japan Corp. bought a 10% stake in the large Scarborough natural gas project off the coast of Western Australia from the Australian Woodside Energy Group. This was reported on August 8 by LNG Japan. Abstracts from LNG Japan: the Scarborough field, which will be developed with …
Daily Oil Production in Kazakhstan Fell to the Lowest Level Since July 24
Daily oil production in Kazakhstan on Monday fell to 228,600 tons, the lowest since July 24, against 234,700 tons on Sunday. This is evidenced by the data of the Ministry of Energy of the country. Source
The US Department of Energy Raised the Forecast for Oil Production in the Country for 2023-2024
The US Department of Energy has raised its forecast for average oil production in the country for 2023-2024, follows from the data of the monthly short-term forecast of the energy information administration of the ministry (EIA). The US Department of Energy raised its forecast for average oil production for the …
RN-Vankor Introduces a Modular Approach to Field Development
RN-Vankor, an enterprise of the Rosneft oil production complex, is implementing an innovative approach to field development. It is based on modular, scalable solutions, the advantages of which are mobility, economic viability and speed of construction of technological equipment. One of these facilities was commissioned at the Vankor cluster an …
SLB Increased Quarterly Revenue by 20%
U.S. oilfield services company SLB (formerly Schlumberger) increased its net income in 2Q 2023 by 7% to $1.03 billion compared to $959 million in the same period in 2022. This is stated in a message published on July 21 on the company’s website. Earnings per share rose to $0.72 from …