Italian Eni Sold 10% of Shares of Its Former Division Saipem for Debts
Italian Eni announced that it has completed the sale of a 10% stake in oilfield group Saipem at a price of €1.97 per share, for a total transaction amount of €393 million. In mid-March, Eni said it would sell assets to curb rising debt and focus on core activities. Obviously, …
The Number of Drilling Rigs in the World in May Fell the Third Month in a Row
The number of active oil and gas drilling rigs in the world in May decreased at the end of the third month in a row, according to the American oilfield company Baker Hughes. On average, last month, 1675 installations against 1726 in April worked in the world. At the same …
Alexander Dyukov: The Peak of Technological Dependence in Prey is Passed
The point of the highest dependence of the companies in the Russian Federation on Western technologies for the extraction of hydrocarbons has been passed, said the head of Gazprom Neft, Alexander Dyukov. According to him, in the next three years it will be possible to achieve complete technological independence, writes …
Gazprom Neft Without Digital Technologies and AI Would Have Produced Half as Much Oil
The head of the company Alexander Dyukov noted that the terms of implementation of large projects would be seven to eight years, not three years. Gazprom Neft, through the use of digital technologies and artificial intelligence, was able to significantly expand the production potential, as well as increase financial indicators, …
Himprom Joints the KDR 2024 as a Silver Sponsor
We are pleased to announce Himprom LLC will support the upcoming 9th international forum KDR Well Engineering Forum, KDR 2024, which will take place on October 17, 2024 in Astana, at the Rixos President Astana hotel. The Team traditionally actively participates in the formation of the KDR’s agenda and Vasily …
Igor Sechin Noted That the World’s Oil Companies are Creating Reserves to Increase Production
The creation of reserves by global oil companies to increase production will neutralize the impact on the market of voluntary production restrictions within the framework of OPEC+, says Rosneft Chief Executive Officer Igor Sechin. “The formation of reserves we observe by both Western and Middle Eastern companies may be an …
New Zealand Plans to Lift Ban on Offshore Oil Production
The New Zealand government will introduce legislation to lift the ban on offshore oil production. This was announced by Minister of Resources Shane Jones, reports Reuters. The authorities intend to lift the ban to attract investment in the country’s oil and gas sector. According to Jones, the bill will be …
Gazprom Neft has Completed Industry Tests of the First Russian Set of Equipment for Hydraulic Fracturing
Gazprom Neft, together with its partners, has successfully completed unified industry tests of the first domestic fleet for hydraulic fracturing (HF), the main method of enhancing oil recovery, without which the development of most fields is impossible. Before testing the domestic hydraulic fracturing fleet in field conditions, the Institute of …
An Agreement to Develop the Changule Oil Field Will be Signed Soon
The head of the National Iranian Oil Company (NIOC) said that the contract for the development of the Changuleh oil field will be signed soon, Shana reports. The agreement to develop the Chengule oil field, which has reserves of 3.2 billion barrels of oil, aims to produce 60,000 barrels of …
Gazprom Lost 156 Billion Cubic Meters of Gas Production in Two Years
In 2023, Gazprom’s production decreased in annual terms by 13%, to a historical low of 359 billion cubic meters. These figures are presented in the company’s annual report. Compared to 2021, the drop was 30%, or 156 billion cubic meters. m. Gazprom’s gas processing, on the contrary, increased last year. …