ADNOC Began to Use the Artificial intelligence AIQ Robowell on the shelf
The National Oil Company Abu-Dabi Adnoc announced the deployment of Robowell, an innovative solution of artificial intelligence AIQ for autonomous control of wells in its operations at the offshore NASR field. This is the world’s first offshore deployment of Robowell. Robowell uses the AI cloud algorithms for autonomous operation of …
Tatneft Will Participate in the Project to Develop the Bibi-Heybat Field in Azerbaijan
The head of the company, Nail Maganov, noted that Bibi-Heybat is one of the oldest deposits in the republic. Tatneft will participate in a project to develop one of the oldest fields in Azerbaijan – Bibi-Heybat, where it will work together with the Azerbaijani company Socar on the introduction of …
Energy Recovery During Waterflooding Will Reduce the Cost of Oil Production
Perm Polytechnic scientists have developed a technology to increase the efficiency of oil production. To do this, during reservoir flooding, the energy already expended during production is reused. The Devon News Agency learned about this from a message from the Perm National Research Polytechnic University. Waterflooding is the injection of …
Lukoil Has Invested $7.5 Billion in Projects in Uzbekistan Over 20 Years
During its work in the republic, the company produced 134.4 billion cubic meters of natural gas. Over the course of 20 years of work in Uzbekistan, Lukoil has invested $7.5 billion in projects in this country. The company’s press service reported this in connection with the 20th anniversary of work …
A Framework Agreement Was Signed with BP on Operations on the Caspian Shelf of Azerbaijan
The total cost of services is estimated at about $ 300 million. The framework agreement on underwater work in the territorial waters of Azerbaijan in the Caspian Sea was signed in Milan on July 12, 2024. This was reported in the Italian company Saipem. The document was signed between the …
India’s Oil Minister Calls for Intensified Hydrocarbon Production
Hardeep Singh Puri noted that this is necessary to reduce the republic’s dependence on imports Indian Oil and Natural Gas Minister Hardeep Singh Puri called for intensified oil and gas production on his territory to reduce the South Asian republic’s dependence on imports and ensure fuel availability. According to NDTV, …
The Number of Drilling Rigs in the US Fell by 13% Compared to Last Year
The number of operating oil drilling rigs, a key indicator of future production, fell again in the US to 478, the lowest since 2021. The number of drilling rigs in the US has been steadily falling: in 2023, the decline was 20%, and in 2024, the decline continued. The reason …
Turkmenistan Produced 40.2 Billion Cubic Meters of Gas and 4.2 Million Tons of Oil in the First Half of the Year
During the meeting, it was reported that gas production in the country in January-June 2024 exceeded 40.2 billion cubic meters, oil extraction amounted to 4.2 million tons, Interfax writes with reference to local media. However, comparative data with last year is not provided. Earlier, it was reported that for the …
In Saudi Arabia New Oil and Gas Fields Were Opened
The Minister of Energy of Saudi Arabia, Prince Abdeliaziz Ben Salman, announced the opening of seven new oil and gas deposits in the eastern province of the kingdom and in the Rub-El Khali desert. According to the Minister, which is quoted by the Saudi news agency SPA, the National Oil …
Chevron and QazaqGaz to Conduct Exploration Work at the Zhalibek Subsoil Site in Kazakhstan
Kazakhstan national company QazaqGaz and Chevron (through its subsidiary Chevron Munaygaz Inc.) signed a cooperation agreement on geological exploration work (GEW) at the Zhalibek subsoil site in the Aktobe region near the Zhanazhol and Urikhtau fields. This was reported by the press service of QazaqGaz. It is noted that negotiations …