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 …
The State Duma Was Proposed to Maintain the 20% Profit Tax for the Vostok Oil Project
The government submitted a proposal to the State Duma to maintain the current tax regime for the profit tax at 20% for the Vostok Oil project, according to amendments to the second reading of the bill on improving the tax system, which Interfax has reviewed. It is noted there that …
World Bank Names 2023 Gas Flaring Rates as Worst in Five Years
Russia named leader in flaring, rates increased in all regions amid declining production. In 2023, associated petroleum gas (APG) flaring rates increased significantly and became the worst in five years, according to the World Bank report. In general, the volume of flared gas increased by 9 billion cubic meters, or …
TotalEnergies to remain in South African offshore gas projects
According to estimates, the development of the Brulpadda field requires investments of $3 billion. The South African authorities have received assurances from the French energy group TotalEnergies that it will not withdraw from projects to develop large natural gas fields on the country’s southern shelf. This was reported by the …
Sergey Radkov Appointed CEO of Rosgeologia
In accordance with the government directive, Rosimushchestvo issued an order to appoint acting CEO of Rosgeologia Sergey Radkov as the head of the company from June 26, 2024, the company’s website reports. “In accordance with the directive of the government of the Russian Federation, the Federal Agency for Property Management …
Gazprom Provides Russians with Record Volumes of Gas for July
Since July 1, gas supplies from the Unified Gas Supply System (UGSS) of Russia have been higher than the maximum figures for this month in all previous years on a daily basis. A new historical record of 688.8 million cubic meters was recorded on July 4. It should be noted …
The Belorusneft Well Stock Was Replenished with 36 New Objects in the First Half of the Year
In January – June, Svetlogorsk drillers drilled 119,521 m of rock. Thus, in June, drilling of 7 new wells was completed – 4 at the Rechitsa field, one each at the Beskopylnovskaya, Vishanskaya, Ostashkovichskaya areas. In June, the team of the rig assembly department handed over four assembled drilling rigs …
Alaska Will Sue Due to Lost Revenues from Oil and Gas Sections
Alaska filed a lawsuit in court, demanding compensation due to loss of income that arose as a result of withdrawal by the federal authorities for the lease of oil and gas plots concluded under the administration of the former president D. Trump. The staff published the corresponding claim document. The …