The Sultanate of Oman Has Decided to Sell a Stake in Its Most Valuable Gas Asset for 8 Billion United States Dollars
The Sultanate of Oman is seeking to sell a stake worth 8 billion United States dollars in its natural gas assets. The state-owned company Energy Development Oman (EDO) is currently looking for partners interested in acquiring a minority interest in gas fields that are part of Block 6. Block 6 …
Alexander Dyukov Has Commented on Oil Production Plans in the Russian Federation Through the Year 2050
Annual Oil Production in the Russian Federation May Rise to 540 Million Metric Tons by the Year 2050, According to the Energy Strategy, Provided That Oil Producers, Related Industries, and Government Authorities Join Forces, Says Gazprom Neft Chief Executive Officer Alexander Dyukov The Government of the Russian Federation approved the …
Gazprom Neft Will Continue to Advocate for Tax Incentives for the Development of Hard-to-Recover Reserves
By the year 2030, more than half of new oil production in the Russian Federation will come from hard-to-recover reserves, which require adjustments to the tax regime to encourage their development. This was stated by Alexander Dyukov, Chief Executive Officer of Gazprom Neft. In mid-April, the Government of the Russian …
Gazprom Neft: More Than Half of New Oil Production in the Russian Federation Will Come from Hard-to-Recover Reserves
By the year 2030, more than half of crude oil production in the Russian Federation will come from hard-to-recover reserves, which means that large-scale development of these resources will require adjustments to the tax regime and state support for technological innovation, according to Alexander Dyukov, Chief Executive Officer of Gazprom …
Gazprom Neft Has Renamed “GPN-Middle East Projects” to “Western Asia”
The subsidiary of Gazprom Neft, Limited Liability Company GPN-Middle East Projects, has been renamed Limited Liability Company Western Asia. The name change was registered on May 7, according to data from the Unified State Register of Legal Entities of the Russian Federation (EGRUL). Gazprom Neft established GPN-Middle East Projects exactly …
An Earthquake Occurred in the Western Part of the Republic of Kazakhstan Near the Tengiz Oil Field
An earthquake with a magnitude of 4.2 was recorded in the Atyrau Region in the western part of the Republic of Kazakhstan at 11:44 local time, according to the United States Geological Survey (USGS). According to the USGS, the epicenter of the earthquake was located 32 kilometers southwest of the …
The Joint Venture Rusvietpetro May Receive Five Oil and Gas Blocks in the Nenets Autonomous Okrug
The Russian-Vietnamese joint venture Rusvietpetro may receive five oil and gas subsoil plots in the Nenets Autonomous Okrug of the Russian Federation, in accordance with the protocol introducing amendments to the intergovernmental agreement between the Russian Federation and the Socialist Republic of Vietnam on the operation of the joint venture. …
The Operations of the Joint Venture Vietsovpetro May Be Extended Until the End of the Year 2050
The Government of the Russian Federation has approved a draft protocol introducing amendments to the agreement between the Russian Federation and the Socialist Republic of Vietnam regarding the operation of the joint venture Vietsovpetro, which includes the participation of the Russian oil company Zarubezhneft on the continental shelf of the …
Crude Oil Production in the United States of America Will Not Grow This Year in the Way That Donald Trump Wants
The United States of America remains the undisputed global leader in oil production, and experts surveyed by Rossiyskaya Gazeta do not doubt that the country’s production will continue to grow. However, it is unlikely that this growth will occur at the pace that the President of the United States of …
Aker BP Will Not Abandon the Norwegian Continental Shelf
Karl Johnny Hersvik, Chief Executive Officer of Aker BP, has stated that the company’s project portfolio on the Norwegian Continental Shelf remains competitive, even under conditions of declining oil prices. Just over two years ago, Aker BP and its partners announced plans to invest approximately 20 billion United States dollars …