Rosneft has Invested More than 200 Billion Rubles in APG Utilization Projects Over 10 years
In the period from 2013 to 2022, Rosneft Oil Company PJSC invested about 204 billion rubles in projects to involve associated petroleum gas (APG) in the beneficial use. The results of the Company’s large-scale Investment Gas Program and a set of measures in the field of low-carbon development are presented …
The Platform of the 11th Phase of the South Pars Field was Installed in Iran
The Phase 11 platform of the Iranian South Pars gas field was successfully installed in the Persian Gulf on Wednesday morning thanks to the efforts of experts from the National Iranian Oil Company. The installation of the Phase 11 platform, which with the Oceanic vessel reached the very border area …
The Ministry of Finance Will Consider the Production of “Difficult” Oil and Gas no Earlier than 2027
Budget opportunities to stimulate the production of hard-to-recover oil and gas reserves in the next three years are limited, so the Russian Finance Ministry is ready to consider this issue no earlier than 2027, Deputy Finance Minister Alexei Sazanov said in an interview with RIA Novosti. “I can only say …
World Energy Report Confirms Rise in Iranian Oil Production
Data from the Statistical Review of World Energy confirmed that there was a significant increase in Iran’s crude oil production in 2022, despite the continued pressure of US sanctions on the Iranian oil sector. The annual report published by the Energy Institute (EI) showed that Iran’s oil production, including the …
ADNOC Drilling Company Signed 5 Ten-year Contracts for the Supply of Jack-up Drilling Rigs
The largest national drilling company in the Middle East, ADNOC Drilling, has officially announced the successful award of five more ten-year contracts worth approximately $2 billion. These contracts are specifically aimed at supporting ADNOC Offshore’s expanding drilling operations. The contracts provide for the delivery of five premium jack-up drilling rigs …
Guyana Refuses to Join OPEC to Increase Oil Production
Guyana has rejected an offer from the Organization of Petroleum Exporting Countries to join OPEC, The Wall Street Journal reported, citing sources. The material says that in recent months the republic has been repeatedly invited to join the organization by OPEC Secretary General Haytham al-Ghais and Saudi Energy Minister Prince …
An Oil Field is Being Sold at a Discount in Khanty-Mansi Autonomous Okrug
In Khanty-Mansiysk Autonomous Okrug, the Vostochno-Panlorskoye field was put up for auction at a discount. A representative of the electronic site where the announcement of the auction was posted said that a year ago they asked to pay 51 million rubles for the right to use the subsoil plot, this …
A Breakthrough in the Production of Lithium is Expected From Associated Formation Water in the Russian Federation in 2-3 years
Meanwhile, the interest of the world’s oil companies in the extraction of a scarce chemical element is also directed to geothermal brines. Lithium production at the Kovykta gas condensate field may begin in the next 2-3 years. This will happen in case of successful introduction of industrial technology for extracting …
Rosnedra Expects the Start of Lithium Production at the Kovykta Deposit
Rosnedra expects the start of lithium production at the Kovykta gas condensate field in the next 2-3 years in case of successful implementation of industrial technology for the extraction of lithium from bottom water, Rosnedra head Evgeny Petrov said in an interview with RIA Novosti on the sidelines of SPIEF. …
The Head of Rosnedra Spoke About the Volume of Exploration in Russian Companies
Russian companies in 2023 still maintain the volume of exploration both in the oil industry and in solid minerals, despite the sanctions pressure, said the head of Rosnedra Evgeny Petrov in an interview with RIA Novosti on the sidelines of the SPIEF. “So far, no company has reduced the volume …