Oil and Gas Production on the Norwegian shelf Will Peak in 2025
Norwegian companies need to step up exploration and improve production efficiency in order to avoid a drop in oil and gas production after 2025, the Norwegian Offshore Directorate believes. Oil and gas production on the Norwegian continental shelf will reach a maximum in 2025, and then it is expected to …
KazMunayGas and China’s CNOOC to Conduct Exploration in Kazakhstan
During his visit to China, A. Khasenov held meetings with the heads of leading Chinese companies China National Offshore Oil Corporation International Limited (CNOOC) and CITIC Group. This is reported by the KMG press service. During the meeting, issues of implementing joint initiatives in the field of exploration, oil production …
It Has Been 55 Years Since the Beginning of Udmurtneft’s Industrial Development of the First Field in Udmurtia
Udmurtneft (a joint venture of Rosneft and the Chinese Petrochemical Corporation Sinopec) 55 years ago began the industrial development of the first oil field in Udmurtia. The production well of the Arkhangelsk field in 1969 produced a high flow rate of high-quality Devonian oil. Currently, the production fund of the …
The Desalination Plant in Karazhanbas Has Started Operating at Full Capacity
The reservoir water desalination plant at the Karazhanbas field has reached its design capacity of 17 thousand cubic meters per day. Chairman of the Management Board of JSC NC KazMunayGas (KMG) Askhat Khasenov made a working trip to the Karazhanbas field and got acquainted with the work of the enterprise, …
Alexander Novak: Moscow and Baku Are Considering a New Project on the Caspian Shelf
Russia and Azerbaijan are considering the possibility of implementing new joint projects, including on the Caspian shelf, Russian Deputy Prime Minister Alexander Novak said. “In general, there are a number of new projects, including on the Caspian shelf, which is being considered potentially for joint implementation,“ he told RT. According …
Belarusian Oilmen Study Chinese Experience of Working with Hard-to-Recover Hydrocarbon Resources
“Representatives of Belorusneft continue their business visit to China. They are studying the experience of working with hard-to-recover unconventional hydrocarbon resources. So, they managed to visit the laboratory and research center of Xi‘an Petroleum University, where they got acquainted with the methods and equipment for conducting special studies of core, …
Houston-Based Private Equity Firm Quantum Capital Group Plans to Invest in Natural Gas Production
Quantum Capital Group, a Houston, Texas-based private investment company specializing in the energy industry, acquired the oil and gas assets of the American company Caerus Oil and Gas through two separate portfolio companies QB Energy and KODA Resources for about $1.8 billion. Colorado–based Caerus Oil and Gas (founded in 2009) …
The Largest Oilfield Services Corporation Expands Its Presence in Russia after the Departure of Competitors
Oilfield services Corporation SLB, formerly known as Schlumberger, is strengthening its position in the Russian market after the departure of Western competitors. This was reported by the Financial Times newspaper. “The documents show that the company also continued to import materials from other sources, importing equipment worth $17.5 million between …
Trump Promises to Increase Oil Production: “Drill, Baby, Drill!”
Trump is pouring out promises: when he becomes president of America, oil production will increase and the cost of energy will fall. The candidate for the post of American leader from the Republicans, Donald Trump, on Thursday again made campaign promises. At his press conference, he said that one of …
America Is Sitting on a “Downhole” Mine
Over one hundred and fifty years of oil and gas production in the United States, millions of decommissioned wells have accumulated across the country. And what they contain is a real Pandora‘s box of dangerous substances that threaten the well—being of local residents and the environment, writes Oilprice. Many of …