Kazakhstan Plans to Include 25 New Subsoil Areas in Gas Exploration in 2026
In 2026, Kazakhstan plans to include 25 new prospective subsoil areas in the state subsoil management programme and thereby increase the country’s natural gas resource potential.This was reported by the press service of the Ministry of Energy of the Republic of Kazakhstan. The Ministry of Energy of the Republic of …
World’s Largest LNG Producer Suspends Operations Following Iranian Strike
The company QatarEnergy suspended operations following an attack by an Iranian drone on two of its facilities in Qatar. It is the world’s largest exporter of liquefied natural gas, accounting for about 20% of global supplies. The state-owned Qatari energy company QatarEnergy halted liquefied natural gas production after an Iranian …
Gazprom Neft Expands Promising Exploration Cluster in Southern Yamal-Nenets Autonomous Okrug
Gazprom Neft has obtained a license for geological exploration of the Tursky subsoil block located in the Purovsky District of the Yamal-Nenets Autonomous Okrug. The license has been issued for a period of 5 years. The area of the block is 337 square kilometers. In the future, the new asset, …
Chevron to Conduct Hydrocarbon Exploration on the Greek Shelf
Dutch subsidiaries of the American company Chevron and the Greek company HELLENiQ ENERGY have signed lease agreements with the Greek authorities for offshore blocks on the continental shelf for hydrocarbon exploration. This was reported by the press service of Chevron. The agreements предусматривают exploration on the blocks “South Crete 1” …
ONGC Finalized the Acquisition of a Stake in the Operator of the Sakhalin-1 Project
The Indian company Oil and Natural Gas Corporation (ONGC) has successfully completed the transfer of funds to the decommissioning fund of the Sakhalin-1 project in order to retain its 20% stake in the project. This was announced during a conference call with analysts by the Managing Director of ONGC Videsh …
It Is Important for Russia to Maintain Oil Production at the Current Level, the Ministry of Energy Stated
It Is Important for Russia to Maintain Oil Production at the Current Level, Increasing or Decreasing It Is Currently Unprofitable, Said Anton Rubtsov, Director of the Oil and Gas Department of the Ministry of Energy of the Russian Federation. “We see that in the structure of the oil market the …
Venezuela Plans to Grant Additional Exploration and Production Areas to the American Company Chevron and the Spanish Company Repsol
Venezuela plans to grant additional exploration and production areas to the American company Chevron and the Spanish company Repsol. This was reported by the agency Bloomberg, citing informed sources. According to the agency’s sources, Venezuelan officials intend to formalize the transfer of subsoil blocks to the energy companies as early …
677.3 Thousand Tonnes of Oil Were Produced at the Dunga Field in 2025
By the end of last year, oil production at the Dunga field, located in the Tupkaragan district of the Mangystau Region, amounted to 677.3 thousand tonnes. In 2024, this figure stood at 630 thousand tonnes. Gas production exceeded 51 million cubic meters. The company implemented geological and technical as well …
First Well Test Results Obtained at the Karaton Podsolevoy Block
During testing of the first target interval of a deep exploration well at the Karaton Podsolevoy block in the Atyrau Region, a flowing gas influx was obtained. In accordance with the approved work program, further testing of four additional prospective oil and gas–bearing intervals is planned. It should be noted …
Due to the Caspian Sea Shallowing KazMunayGas and LUKOIL Will Build a Canal
A “one-time” passage is necessary for the development of the Kalamkas-Sea and Khazar hydrocarbon fields. KazMunayGas and LUKOIL will build a canal in the Caspian Sea to develop the Kalamkas-Sea and Khazar fields. This will have to be done due to the drop in the Caspian Sea level. Thus, the …