Five Oil and Gas Blocks Will be Put Up for Auction in the Samara Region
Fields are near to the fields of Samaraneftegaz. Privolzhsknedra announced an auction for several oil and gas bearing subsoil areas in the Samara region at once. These are the Volga, Gubernsky, Tangai, Tremasovsky and Troitsky sections. All of them are located in areas well studied by oilmen and contain small …
Iran and Russia Signed 8 Memorandums of Understanding, 2 Contracts in Different Oilfields
Iran and Russia signed as many as 10 agreements and memorandums of understanding (MOU) on cooperation in the oil industry on Wednesday. The memorandums of understanding and agreements were signed following a meeting between Iranian Oil Minister Javad Ovji and Russian Deputy Prime Minister Alexander Novak, who are also co-chairs …
Gazprom Neft Agreed with MIPT on the Training of Hybrid Engineers
Gazprom Neft and the Moscow Institute of Physics and Technology announced the opening of a new master’s program that will train hybrid petroleum engineers who are versed in digitalization and modeling of oil and gas treatment technologies. This was reported by Gazprom Neft. The new curriculum is designed to train …
Oil Production in Yakutia in the 1st Quarter of 2023 Increased by 11%
Oil production in Yakutia in the 1st quarter of 2023 amounted to 5.1 million tons, which is 11% higher than the level of the same period in 2022. This was reported in the Ministry of Industry and Geology of Yakutia. Recall that in 2022 Yakutia reached record levels of oil …
Shell to Use Artificial Intelligence in Deep Sea Oil Exploration
Shell Pl will use AI-based technology from analytics firm SparkCognition for deepwater exploration and offshore oil production, the companies said on Wednesday. SparkCognition’s artificial intelligence algorithms will process and analyze large volumes of seismic data as Shell searches for new oil fields, the company says. In a statement, Shell’s vice …
LNG Loading Site Will be Built in Yamal
Glavgosexpertiza of Russia issued a positive opinion on the creation of facilities for the shipment of liquefied natural gas within the framework of the Yamal LNG project. The construction site is located in the Yamal district of the Yamalo-Nenets Autonomous Okrug, on the territory of the project for the production, …
Vladimir Putin Explained the Reduction in Gas Production
Oil and gas revenues are lagging behind the plan, Siluanov said. Putin replied that although the price of gas “has dropped a little” and production is declining, the situation is “absolutely stable” Russia has set a certain price for gas and reduced production, but these actions are connected with the …
Iraq Invited International Companies to Develop Oil and Gas Fields
Iraqi Oil Minister Hayan Abdel Ghani has invited international companies to bid for investment projects to develop 13 fields and exploration sites in the country’s northern, central and southern provinces, the oil ministry’s press office said in a statement to RIA Novosti. “The Ministry seeks to increase oil and gas …
The US Department of Energy Predicted an Increase in Oil Production in the Country in June
Oil production in the main oil and gas producing regions of the United States, in which a significant part of the production is shale oil, will rise in June compared to the current month by 41 thousand barrels per day, or 0.4%, to 9.332 million barrels, the Energy Information Administration …
BP Begins Exploration Campaign on the Canadian Shelf
The leading international mining corporation BP is starting an exploration campaign on the Canadian shelf. The company’s plans include geological exploration with potential discoveries worth billions of barrels of oil. The drilling vessel Stena IceMax will drill the Ephesus F-94 well in the Orphan Basin offshore Newfoundland and Labrador. According …