NNK Continues Geological Exploration in the Komi Republic
The site is located in the region of the North Ural marginal trough, which is characterized by a complex geological structure. The area of exploration and prospecting is considered attractive in terms of the potential to expand the resource base and make new oil and gas discoveries. A complicating factor …
The Neptun Drilling Rig Has Been Towed from the Turkmen to the Azerbaijani Sector of the Caspian Sea
The Neptun drilling rig was towed from the Turkmen sector of the Caspian Sea to Azerbaijan with the participation of vessels from the Azerbaijan Caspian Shipping Company (ASCO), which is part of AZCON Holding. The marine towing operation of the Neptun rig took three days. The vessels involved were Govsan, …
Gazprom Neft Develops Technologies for Cost-Effective Development of Hard-to-Recover Hydrocarbon Reserves
Gazprom Neft, as part of the federal project “Technologies for the Development of Hard-to-Recover Hydrocarbons”, has developed a set of solutions that will make it possible to bring up to 9 billion tonnes of “hard” oil into production in Russia. The results of the program were presented to Alexander Novak, …
Gazprom Neft Opens Next-Generation Rotational Camp in Khanty-Mansi Autonomous Okrug–Yugra
Gazprom Neft Builds Russia’s First Multifunctional Rotational Camp at an Autonomous Field in Khanty-Mansi Autonomous Okrug–Yugra. Gazprom Neft has created the first in Russia multifunctional rotational camp at an autonomous field in Khanty-Mansi Autonomous Okrug–Yugra for the life, work, and recreation of employees at a level comparable to that of …
Azerbaijan Steps Up Oil Exploration to Offset Depleted Azeri–Chirag–Gunashli Reserves
Against the backdrop of declining production at the Azeri–Chirag–Gunashli field, Azerbaijan has signed exploration agreements with four international companies — ExxonMobil, TPAO, MOL, and Gran Tierra. The focus is on finding new onshore and offshore resources. These agreements emerged from the country’s first open tender, in which 11 companies participated. …
Surgutneftegaz Reduced Oil Production by 4.8% in 2024
Surgutneftegaz reduced its oil production by 4.8% in 2024 to 53.7 million tonnes, and oil refining decreased by 1.1% to 17.5 million tonnes, according to the company’s materials. “In 2024, the company’s oil production amounted to 53.7 million tonnes, and gas production was 6.2 billion cubic meters,” the draft annual …
Surgutneftegaz Increased Oil Reserves in 2024
The increase in oil reserves at Surgutneftegaz in 2024 amounted to 56.3 million tonnes, and oil resources rose by 19.1 million tonnes, according to the company’s annual report draft. “As a result of comprehensive work on resource development, PJSC Surgutneftegaz achieved an increase in oil reserves of 56.3 million tonnes …
The Number of Oil and Gas Rigs Worldwide Declined in May Due to North America
The Number of Active Oil and Gas Rigs Worldwide Decreased by 40 in May Compared to the Previous Month, Mainly Due to North America, According to U.S. Oilfield Services Company Baker Hughes. On average, 1,576 rigs were operating worldwide, compared to 1,616 in April. The May level was also 99 …
Rosneft Implements Artificial Intelligence in Core Analysis
Rosneft continues its digital transformation of the oil and gas industry, taking work with geological data to a qualitatively new level. Specialists at the company’s Tyumen research institute have developed and implemented a service based on large language models (LLM) to automate the analysis of lithological core descriptions. The digital …
Fires in Alberta Lead to a 7% Drop in Oil Production in Canada
Massive wildfires have engulfed Alberta, a key energy-producing province in Canada, forcing oil companies to halt production. As of June 2, the total volume of shut-in production is estimated at nearly 350,000 barrels of heavy oil per day, which represents approximately 7% of the country’s total production. The immediate threat …