Kazakhstan Compensates for Overproduction of Oil at Kashagan
The Kazakh authorities intend to compensate for a significant amount of overproduction of oil during repairs at the Kashagan field in October. This was reported by the press service of the Ministry of Energy of Kazakhstan. “The government has denied information about the postponement of repairs at the Kashagan field. …
A New Gas Production Site Will Be Introduced in Kovykta
Glavgosexpertiza of Russia has issued a positive conclusion for the 13th stage of development of the unique Kovykta gas condensate field. It was put into pilot operation in 2022 and, along with the Chayandinsky field, serves as a resource base for the Power of Siberia gas pipeline and the Amur …
More than 60 Russian Organizations from Various Industries Have Been Involved in the Implementation of the Sakhalin-3 Project
Starting in 2026, underwater fountain fittings will be introduced at the field. More than 60 Russian organizations from various industries were involved in the implementation of the Sakhalin–3 project. This was stated by the head of the Ministry of Industry and Trade of Russia Anton Alikhanov in an interview with …
In Ugra, It Was Proposed to Introduce Benefits for Exploration and Production of Hard-to-Recover Oil
According to the Federal Agency for Subsoil Use, in Russia over the past nine years, the volume of hard-to-recover oil reserves (TRIZ) has increased by 3.8 billion tons, an annual increase of three percent on average. In Western Siberia, 37 percent of the resources belong to this category. In the …
Belorusneft Drillers Set a New Record
A new bar has been reached today during the drilling of well No. 491 Rechitskaya Square. The record holder was drilling team No. 1, which passed 4,313 m of rocks in 24 days of drilling. Before that, the production peak was 4,258 m, set by the employees of drilling crew …
LetterOne Received 15% in Harbour Energy after Closing the Wintershall Deal
LetterOne International Investment Group, founded by Russian entrepreneurs Mikhail Fridman, Peter Aven and Alexey Kuzmichev, has received a 15% stake in the Scottish oil production company Harbour Energy. According to a statement released by Harbour Energy, on Wednesday the company closed a deal to acquire assets of the German Wintershall …
Nigeria Wants to Attract Russian Companies to Oil and Gas Projects
Nigeria should involve Russian companies in its projects for the exploration and development of oil and gas fields, Director General of the Women‘s Chamber of Commerce, Industry, Mining and Agriculture of Nigeria Oritseveyinmi Eribo told RIA Novosti. In June 2023, the Permanent Secretary of the Ministry of Petroleum and Natural …
The Ministry of Natural Resources Is Working on the “Continental Shelf” Project
The Ministry of Natural Resources of the Russian Federation is still deciding whether the Continental Shelf project will be a separate federal project or will be included in existing programs, Minister of Natural Resources and Ecology Alexander Kozlov told RIA Novosti at the Eastern Economic Forum. “We are currently working …
Saipem Will Carry Out Marine Engineering Work in Saudi Arabia Worth about $1 Billion
The work will be carried out under two contracts at the Marjan, Zulur and Safaniya oil and gas fields. Saipem has signed two contracts in Saudi Arabia as part of its current long-term agreement with Saudi Aramco. The total value of the two contracts is about $1 billion. Under the …
The Belorusneft Fund Was Replenished with Eight New Wells in August
In the last summer month, Belarusian oilmen completed drilling 8 new wells. Five of them were built at the Rechitsky field, one each at the Hartsevskaya, Vishanskaya and Tishkovskaya squares. In August, the HSE team handed over two installed drilling rigs to colleagues from the Svetlogorsk Drilling Operations Department – …