Bloomberg: Russia has reduced production drilling under the OPEC+ agreement
From January to June, 14370 km of production wells were drilled in Russia, which is 2.5% less than in the same period a year ago. The slowdown follows Moscow‘s voluntary commitments under the OPEC+ deal, Bloomberg writes, citing industry data. Bloomberg points out that in June, Russia produced 9.139 million …
Rosneft Has Started Production of More Environmentally Friendly Drilling Fluids
Angarsk Petrochemical Company (part of the Rosneft oil refining and petrochemical complex) has started production of Rosneft Drilltec B2lh drilling fluids, which have improved environmental characteristics due to the use of a low-viscosity hydrocarbon base. A new technology for the production of a more environmentally friendly hydrocarbon base has been …
Belarus Wants to Expand Its Presence in Russia in the Oilfield Services Market
Belarusian oil companies intend to expand their presence in the oilfield services market in Russia, said Alexander Lyakhov, General Director of the Belorusneft production association. “We have our own technologies that are adapted to work both in Belarus and in Russia. In recent decades, we have been actively studying the …
Bloomberg Has Learned that Oil Drilling in Russia Has Decreased
Kasatkin Consulting stressed that the slowdown in drilling rates could be influenced by a decrease in refinery utilization. It is expected that the total volume of production drilling in Russia will decrease to 29.4 thousand km this year. Russian oil companies have reduced drilling rates compared to last year’s record …
Five New Wells Replenished the Belorusneft Fund in July
New facilities have been built at Zolotukhinsky, Vostochno–Pervomaisky, Rechitsky, Nadvinsky and Severo–Domanovichskoye fields. In addition, Belarusian oilmen in July again reached the record high of September 2023 in terms of the number of hydraulic fracturing operations performed. “70 stages have been completed, during which 41 thousand cubic meters of rupture fluid …
Gazprom Will Allocate Funds for the Exploration of Mineral Resources in the Irkutsk Region
Gazprom will allocate 3.5 billion rubles for the geological exploration of the subsoil at the Lithium site in the Irkutsk region, including the search and evaluation of industrial groundwater deposits, follows from the state register of works. The project card indicates that sampling of rocks and minerals will be carried …
Venezuela Is Ready to Cooperate with BRICS on Oil and Gas
Venezuela is ready to cooperate with the BRICS countries on oil and gas fields, President Nicolas Maduro told reporters. “BRICS has a portfolio of trade opportunities, Venezuela is (ready) there (to be). BRICS is a huge market for national producers. Therefore, we persistently urge Venezuelan exporters (to work in this …
Libya Has Limited Production at Its Largest Oil Field Due to Instability
In Libya, oil production was partially stopped at the country‘s largest Sharara field on August 4 due to unauthorized entry. The maximum capacity of Sharara is 320 thousand barrels per day. According to S&P Global Commodity Insights, production losses now range from 28-70 thousand b/s. Sharara is a joint project …
Libya Has Limited Oil Production at the Largest Field
After limiting production at Libya‘s largest Sharara field, the indicator fell by 30 thousand barrels per day to 230 thousand barrels per day as of the evening of August 3. Libya has begun a partial shutdown of production at its largest oil field, Sharara, Bloomberg reported, citing three sources directly …
Abu Dhabi National Oil Company ADNOC Has Increased the Production Capacity of the Satah Al Razboot Offshore Field by 25%
Abu Dhabi National Oil Company ADNOC has announced that its Satah Al Razboot offshore field has increased production capacity by 25%, to 140,000 b/d of oil, through the introduction of advanced digital technologies. ADNOC‘s goal is to increase production capacity to 5 million b/d of oil by 2027. The Satah …