Oil & Gas Operators

It is planned to construct seven prospecting and five exploration wells. LLC Lukoil-Perm (a subsidiary of PJSC Lukoil) intends to invest 14.5 billion rubles in geological exploration in the Komi Republic and the Nenets Autonomous Okrug over the next four years. The company expects to annually increase 5 million tons …

PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the first quarter 2024. In the first quarter 2024, NOVATEK’s hydrocarbon production totaled 167.4 million barrels of oil equivalent (boe), including 21.12 billion cubic meters (bcm) of natural gas and 3.5 million tons of liquids (gas condensate and oil), resulting in an increase in total …

American Chevron left the Yadana field offshore Myanmar. This was reported by Reuters with reference to a company representative. Reason for leaving Chevron’s share in the project was 41.1%. The shares were not sold, the company distributed them among the remaining shareholders: – Thai company PTT Exploration and Production (PTTEP); …

The Ministry of Natural Resources is vested with the authority to adopt a procedure for submitting information about contractors creating, operating and using structures and installations on the continental shelf. The Government of the Russian Federation has adopted a draft resolution giving the Russian Ministry of Natural Resources the authority …

Norwegian oil and gas operator DNO today announced a final investment decision for the development of the Brasse field, located in the northern North Sea. In addition to DNO Norge AS (39.3%), the Brasse partnership includes OKEA ASA (39.3%) as operator, Lime Petroleum AS (17%) and M Vest Energy AS …

British oil and gas company BP Plc expects an increase in production in the upstream segment in the first quarter compared to October-December 2023, it said in a statement. In the gas and low-carbon energy subsegment, a slight increase in production is expected, while in the oil subsegment – a …

In 2023, Rosprirodnadzor reviewed 120 projects for the construction of exploration wells in the Arctic zone of the Russian Federation, according to a report on the agency’s activities. “As a result of reviewing the specified project documentation, Rosprirodnadzor issued 80 (67%) negative conclusions and 40 (33%) positive conclusions,” the document …

The French company TotalEnergies has entered into an agreement to purchase a 20% stake in the Eagle Ford field in Texas from Lewis Energy Group (EOG Resources manages the remaining 80%). This was reported by the press service of TotalEnergies. The acquisition will allow the company to increase its U.S. …

Samaraneftegaz, one of the main production assets of Rosneft in the Volga region, at the end of 2023 ensured an increase in reserves in the amount of 18.5 million toe, which replenishes the enterprise’s hydrocarbon production by 168%. Increasing the efficiency of reserve replenishment and their consistent introduction into development …

Samotlorneftegaz (part of the oil and gas production complex of Rosneft) celebrates 55 years since the production of the first industrial oil from the Samotlor field – one of the largest in the world. In April 1969, industrial development of the oil giant began – just four years after its …