Rosneft Has Developed a “Green” Technology for Processing Drilling Waste
The production assets of the Company Samaraneftegaz, Orenburgneft and RN-Krasnodarneftegaz have successfully implemented a waste-free and environmentally friendly technology for processing drilling waste. A unique and unparalleled development in the world by Rosneft scientists allows for the production of artificial soil from drilling mud and works even at low temperatures …
Mexico’s Oil Production is Falling, and This Could Destroy the Dream of Energy Independence
The new President of Mexico, Claudia Sheinbaum, will face the need to solve a number of problems in the oil industry, which is one of the main ones in the country’s economy, writes the Reuters agency. Mexico is a major oil producer, but production at old fields, located mainly in …
Occidental to Sell Texas Shale Assets for $1 Billion
Occidental Petroleum is completing talks with Permian Resources to sell its Texas assets, Barilla Draw, for $1 billion, Reuters reports. The move is part of Occidental’s broader strategy to reduce its debt, which topped $18 billion at the end of the first quarter. The deal could close in the coming …
The British Nostrum Oil & Gas Increased Oil and Gas Reserves in Kazakhstan by More than 5 Times
Xodus Group Limited has prepared a report that contains an independent assessment of the reserves and resources of the Stepnoy Leopard group of fields in Kazakhstan as of 1 January 2024. This was reported by Nostrum Oil & Gas PLC. In August 2023, Nostrum announced the launch of exploration and …
Rosgeo and the Ministry of Mining of India Discussed the Prospects for Cooperation in Geological Exploration
On July 18, 2024, a meeting of the leadership of Rosgeology with a delegation of the Republic of India was at the head of the Deputy Minister of the Ministry of Mining of the Government of India Kantha RAO. The meeting on the Indian side was attended by the Deputy …
Indian Ongc Videsh Acquired a Share in the Field in the Caspian Sea
The total investment will be up to $60 million Indian state oil and gas company ONGC Videsh has signed an agreement to purchase from Norway’s Equinor a 0.615% stake in the Azeri-Chirag-Gunashli (ACG) offshore oil field in the Azerbaijani sector of the Caspian Sea. The company announced this in a …
ExxonMobil Will Transfer Operations Management to Petronas in Two Production Projects
According to representatives of the companies, this is not a sale, the share and distribution of companies in the project will not change. However, the Malaysian media speaks with reference to sources that Exxonmobil intends to get rid of old shelf assets. The company said that it intends to continue …
Turkish Military Will Look after Exploration in Somalia
Earlier, the Ministry of Energy of Turkey announced that already this year the country will begin exploration off the Somali coast. Work will be carried out as part of an agreement on cooperation in the field of energy between the two countries. Turkey has long been cooperating with the Federal …
Belorusneft Plans to Reach 280 Thousand Meters of Annual Rock Penetration by 2030
The company is constantly working to improve the oil production process, discovering and adapting the latest methods and technologies to the characteristics of the Belarusian region. The main emphasis is on the so-called “difficult” meters of rocks, hard-to-recover hydrocarbon reserves. And the company is demonstrating serious progress in this direction. …
The Northern Lights Drilling Platform Will Arrive at the Port of Kholmsk (Sakhalin) on July 20 after Repairs
Repairs were carried out in China The semi-submersible floating drilling platform (SSDR) “Northern Lights” will arrive as part of a caravan on July 20, 2024 at the roadstead of the seaport of Kholmsk (Sakhalin region) after scheduled repairs in the Chinese port of Zhoushan, reports the press service of Rosmorrechflot. …