Half of the Russian Seismic Exploration Vessels Are Idle Due to Underfunding of Marine Research. Review
Russia has unique seismic research vessels, including ice-class ones, but in the current situation not all of them are used. Half of the domestic geological exploration fleet is idle, which is quite expensive for shipowners – the maintenance of each vessel costs an average of 200 million rubles a year. …
In 2023 Oil Companies Burned 148 Billion Cubic Meters of Gas During Oil Production
Oil companies around the world burned the most APG in five years in 2023, according to a World Bank report. We are talking about 148 billion cubic meters, which is 7% more than in 2022, despite the fact that crude oil production increased by only 1% last year. Increases in …
Energean to Sell Mediterranean Oil and Gas Assets to Carlyle for $945 Million
Energean has agreed to sell its assets in Egypt, Italy and Croatia to private equity firm Carlyle for $945 million. The press service of the oil and gas company Energean reported this on June 20, 2024. The deal will include a cash payment of US$504 million, which will allow the …
Hess-Chevron Deal May Be Suspended Until 2025
A transaction arbitration panel that could have blocked or green-lit the $53 billion sale of Hess to Chevron has not made a decision three months after ExxonMobil filed a claim for pre-emptive rights to buy Hess’ assets in Guyana as a co-owner of the project. The third and final arbitrator …
Niger Has Begun Oil and Gas Exploration in the East of the Country
Prime Minister of the country Ali Mahaman Lamin Zein noted that geological exploration work had been started by SONIDEP. The Niger National Petroleum Company (SONIDEP) has begun its first exploration work in the desert in the southeast of the country. This was announced by the Prime Minister of Niger, Ali …
Dmitry Patrushev: the Work of Rosnedra Allows Us to Guarantee Technological and Raw Material Sovereignty
The Deputy Prime Minister of the Russian Federation noted that the department has developed a serious potential in the regulatory, legal and technical areas of domestic geological exploration. The activities of Rosnedra in geological exploration allow for strategic planning and guarantee the technological and raw material sovereignty of Russia. This …
Rosneft Has Replaced Its Chief Geologist
Rosneft is undergoing active personnel changes this summer. According to the Kommersant newspaper, Vladimir Mashorin, a native of NNK, was appointed chief geologist instead of Andrei Polyakov. According to the publication’s interlocutors, Polyakov left the company for health reasons. They call Mashorin’s appointment logical, since he has extensive geological experience …
The Cabinet of Ministers Decided to Create Russian Legal Entities to Manage the Urengoy field
This was done in the framework of special economic measures. The Government of the Russian Federation decided to create Russian legal entities to manage the Urengoy field as part of special economic measures. This is stated in the resolution of the Cabinet, posted on the portal of legal information. The …
Russia and Vietnam Supported the Expansion of the Work of Oil and Gas Companies
The Russian Federation and Vietnam support the creation of conditions for expanding the work of Russian oil and gas companies on the shelf of Vietnam and Vietnamese-in Russia, the two countries published on the Kremlin’s website about the further deepening of a comprehensive strategic partnership in the context of the …
Tatneft Brought the Disposal of Associated Gas to 98.1%
In 2023, the company invested 1.34 billion rubles in minimizing greenhouse gas emissions. Tatneft in 2023 invested 18.9 billion rubles in environmental protection. The growth of this indicator is associated with the modernization of networks and water supply and sewage facilities at the Tango refineries, the technical transmission of compressors, …