Absheron Production 1Q 2024 Results – 400 Million Cubic Meters of Gas
From the Absheron field in the first quarter. 400 million cubic meters were produced. m. of gas – Ministry of Energy of Azerbaijan The operating company JOCAP (Joint Operating Company of Absheron Petroleum B.V.) produced 400 million cubic meters of gas from the Absheron gas condensate field in the Caspian …
Russia Refocuses Geological Exploration on Scarce Minerals
Russia is reorienting geological exploration to scarce types of minerals, the main task is to ensure the state’s raw material security, said the head of the Russian Ministry of Natural Resources, Alexander Kozlov. The minister congratulated geologists on their professional holiday and noted that they are always “among those who …
In Khanty-Mansi Autonomous Okrug the Demand for Geologists Has Increased by 95%
Over the three months of 2024, more than 160 new vacancies for geologists were published in the Khanty-Mansi Autonomous Okrug. This figure is 95% higher than the figure for the same period last year, hh.ru experts told URA.RU on the eve of Geologist’s Day. “In Ugra in the first quarter, …
The Deadline for Selling the Unclaimed Share of Foreigners in Sakhalin-1 Has Been Extended Until the End of the Year
The deadline for selling the unclaimed share of foreign partners in the new operator of the Sakhalin 1 project has been extended until the end of 2024. On April 8, Russian President Vladimir Putin signed a decree amending Decree No. 723 of October 7, 2022, according to which the deadline …
Baker Hughes Noted a Decline in the Number of Oil and Gas Drilling Sites in the World in March
The number of active oil and gas drilling rigs in the world fell in March due to Canada, US oil services company Baker Hughes said. On average, 1,793 installations operated around the world last month compared to 1,813 in February. At the same time, the March level is 86 lower …
Investments in Project of LUKOIL and KMG in Caspian Sea Could Amount to $6.5 Billion
Deputy Chairman of the Board of KazMunayGas Kuanysh Kudaibergenov clarified that KMG’s share in the project is 50% The volume of investments in the project of the national oil and gas company of Kazakhstan Kamunaigaz (KMG) and the Russian Lukoil Kalamkas – Khazar Operating may amount to about $6.5 billion. …
Russia Will Focus on Deep-Sea Oil and Gas Production
Russia will focus on deep-sea oil and gas production in the coming decades, since only it can ensure the required level of production in the country, said the head of Rosnedra, Evgeny Petrov. “We know that all life came out of the sea. But we, on the contrary, in the …
Lukoil Intends to Invest 14.5 Billion Rubles in Geological Exploration in Komi and the Nenets Autonomous Okrug Over Four Years
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 …
NOVATEK Reports Preliminary Operating Data for the First Quarter 2024
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 …
Chevron Abandons Yadana Gas Field Offshore Myanmar
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); …