Equinor Lets Contracts for Raia Drilling Offshore Brazil
Norwegian energy company Equinor (35%, operator), on behalf of its partners Repsol Sinopec Brasil (35%) and Petrobras (30%), has won a drilling contract with Valaris, represented by Ensco UK Drilling Limited and Ensco do Brasil Petróleo e Gás LTDA, for the Raia project in Brazil. Drilling at Raia is scheduled …
Turkmengaz Discussed Development of Galkynysh Field With ADNOC and Hyundai
As reported by the Neutral Turkmenistan newspaper, the parties also discussed a wide range of issues related to the implementation of the third stage of the field development project The management of the state concern Turkmengaz held meetings with representatives of ADNOC (United Arab Emirates) and Hyundai Engineering (Republic of …
Bashneft Sets New Well Drilling Record
Bashneft (part of Rosneft) set a new record for daily drilling of a horizontal well in the Republic of Bashkortostan. Since the beginning of 2024, the maximum daily drilling rate has increased by more than 200 meters (from 444 to 647). This is the highest figure among Rosneft subsidiaries in …
The Russian Federation Is Provided with Some Types of Strategic Minerals for No More Than 25 Years
The share of hard-to-recover reserves in hydrocarbon production is growing, according to the strategy for the development of the mineral resource base until 2050. Russia’s provision with economically viable reserves of some types of strategic and significant minerals currently does not exceed 25 years. This follows from the strategy for …
New Deepwater Oil Project on the US Shelf
BP has made a final investment decision on the Kaskida project in the Gulf of Mexico. The field will become the international oil company’s sixth production hub in the region. A new floating platform with a capacity of 80,000 barrels per day will be installed here. During the first stage …
Gazprom Neft’s Revenue for the First Half of 2024 Exceeded RUB 2 Trillion
Gazprom Neft’s revenue for the first half of 2024 amounted to RUB 2 trillion, an increase of 30.1% compared to the first half of 2023; Gazprom Neft’s net profit in the first half of 2024 increased by 7.9%, amounting to RUB 328.5 billion. Gazprom Neft publishes consolidated data of the …
Rosneft Surveyed Sakhalin-1 for Methane Emissions for the First Time in 2023
Rosneft conducted surveys at the Sakhalin-1 project facilities for the first time in 2023 as part of a comprehensive program to detect and eliminate sources of methane emissions, the company said in its sustainable development report. The surveys were conducted both at the Odoptu and Chaivo onshore oil and gas …
Greek Energean Announces Start of Development of Katlan Gas Field Offshore Israel in the Mediterranean Sea
Greek energy company Energean (100%, operator) announced the final investment decision (FID) on the Katlan field development project offshore Israel in the Mediterranean Sea. Capital expenditures will amount to approximately $1.2 billion. The field is located at a water depth of up to 1,800 m. The first stage of development …
American Oilfield Services Company Turns Its Gaze to the Middle East
On the eve, the American drilling rig manufacturer Helmerich & Payne announced plans to acquire British competitor KCA Deutag International Ltd., which has enough projects in the Middle East. Helmerich & Payne is not one of the “big four” oilfield services companies, for it the acquisition of a company for …
The United States Does Not Plan to Cancel Oil Production Licenses in Venezuela after the Elections
The United States does not intend to cancel the licenses previously issued by American companies in Venezuela after the presidential election in the country, a senior representative of the American administration said on Monday. The chairman of the National Electoral Council of Venezuela Elvis Amoroso previously said that according to …