Rosnedra Estimated the Volume of Hard-to-Recover Hydrocarbon Reserves
Hydrocarbon reserves classified as hard-to-recover in Russia are colossal, and “we need to work with them,” said the head of Rosnedra, Evgeny Petrov. “Today we have about 970 billion tons of geological hard-to-recover reserves, 3.4 billion recoverable. That is, these are colossal reserves that need to be worked with. And …
ExxonMobil Will Continue Development of Whiptail, the Sixth Project in the Stabroek Block Offshore Guyana
ExxonMobil said it has made a final investment decision to proceed with the development of Whiptail, the sixth project in the Stabroek block in Guyana, following receipt of the necessary government and regulatory approvals. The Whiptail project, which will use a FPSO (product storage and offloading vessel), will require an …
Norwegian Equinor and American EQT Corporation Exchanged Assets
Equinor has entered into a deal to swap its onshore US assets in the Marcellus and Utica shale formations in Ohio for an unexploited stake in the Northern Marcellus formation of US energy company EQT Corporation, a hydrocarbon exploration and pipeline operator with operations in Pennsylvania, West Virginia and Ohio. Equinor …
The East Siberian Oil and Gas Company Completed Winter Deliveries to the Yurubcheno-Tokhomskoye Field
The East Siberian Oil and Gas Company, a subsidiary of Rosneft, summed up the results of the operation of temporary winter roads in the Boguchansky and Evenkiy municipal districts of the Krasnoyarsk Territory. During the winter road period from December 2023 to April 2024, oil workers fulfilled the plan for …
Oil Production in Iran Reached 3.25 Million Barrels Per Day in March
The US Energy Information Administration (EIA) announced in its latest report that Iran produced 3.25 million bpd of oil in March 2024, an increase of 20,000 bpd from the previous month. According to the EIA report, oil production in Iran in February amounted to 3.23 million barrels per day. Iran …
Weatherford Releases 2023 Digital Annual Update
Weatherford International plc (“Weatherford” or the “Company”) announced the release of its 2023 Annual Update, highlighting outstanding results for the year. The digital update showcases new technology developments, recent strategic acquisitions, and the Company’s unwavering focus on creating long-term value for customers and investors, paving the path for sustainable and …
BP is Simplifying its Organisational Structure, Supporting Delivery of the Priorities it set out in February 2024 to Grow the Value of BP
Simplified structure reduces duplication and reporting line complexity. William Lin to lead gas & low carbon energy business, following retirement of Anja- Isabel Dotzenrath. Emeka Emembolu to lead technology function, following Leigh-Ann Russell’s decision to leave bp for an external opportunity. bp is simplifying its organisational structure, supporting delivery of …
Belorusneft Has Introduced a New Development for Seismic Drilling Equipment
As the company clarified, the development concerns the activities of the field seismic exploration department. The innovation makes it possible to automatically record the operating time of drilling equipment. Previously, this operation was performed using a watch. There was a need for equipment that would measure and record the specified …
New Deposits of Bazhenov Oil Were Found in Khanty-Mansiysk Autonomous Okrug
The TNG-Group company received an influx of oil from the Zaozernaya well No. 1 and successfully completed work under the government contract. Experts have confirmed the oil content of the anomalous Bazhen deposits in the study area. The Devon News Agency learned about this from a message from TNG-Group (part …
Four Oil Wells Were Flooded in Western Kazakhstan
About 80% of the country’s oil reserves are located in the Atyrau region. Four oil wells were flooded by floods in the Atyrau region of Kazakhstan. This was reported by the Industrial Safety Committee of the Ministry of Emergency Situations of the Republic. “Currently, four wells are flooded in the …