British Ithaca Energy plc and Italian Eni are Considering a Merger
Leading independent oil and gas operator in the UK North Sea, Ithaca Energy, today announced it has entered into an exclusivity agreement for a potential transformational combination with substantially all of Eni S.p.A.’s upstream assets in the UK, including the recently acquired assets of Neptune Energy. The exception will be …
Rosnedra Began a Systematic Study of the Russian Shelf For the First Time in the Last 30 Years
For the first time in the last 30 years, the Federal Agency for Subsoil Use (Rosnedra) has begun a systematic study of the Russian shelf, said the head of the agency, Evgeny Petrov, during a meeting with Prime Minister Mikhail Mishustin. Petrov noted that over the past two years, Rosnedra …
Tengiz Expansion Project is Planned to be Completed at the End of 2024 – Head of the Ministry of Energy of Kazakhstan
Work on the implementation of the Future Expansion and Wellhead Pressure Management Project (FGP-WPMP) at the Tengiz field is progressing behind schedule and is scheduled for completion at the end of 2024, said Kazakhstan’s Energy Minister Almassadam Satkaliyev. “The reasons why there was a delay in the implementation of the …
TotalEnergies Will Resume Production At The Tyra Field Off The Coast Of Denmark
TotalEnergies is resuming production at the Tyra field off the coast of Denmark after its large-scale reconstruction, which will make the kingdom a net exporter of natural gas, follows from a press release from the French company. “Total Energies announces the resumption of production at the Tyra field in the …
Equinor Expects To Close The Deal To Sell Assets To SOCAR In Azerbaijan In Mid-2024
Norwegian Equinor plans to close the deal to sell SOCAR (State Oil Company of Azerbaijan) its assets in Azerbaijan in mid-2024. “The closure (of the transaction – IF) is expected in mid-2024,” Interfax-Azerbaijan cites excerpts from Equinor’s integrated annual report for 2023. In its fourth-quarter 2023 report released in February, …
American Westlawn Americas Offshore Begins Expansion Into Latin America
Houston-based Westlawn Americas Offshore, part of the Westlawn Group, is entering the Latin American oil and gas playground through a deal with Brazilian oil and gas company Enauta. Westlawn Americas Offshore has signed a sales agreement with Enauta to purchase a 20% interest in the BS-4 concession, which includes the …
TATNEFT Registered The Seventh Climate project in the Russian Register of Carbon Units
The company continues to hold a leading position in climate projects. Of the 20 climate projects in the national register, seven are in Tatneft’s portfolio. The project is being implemented at DNS-4972s NGDU Aznakaevskneft, from where all associated petroleum gas is sent through a gas pipeline for processing to the …
The Effect Of Implementing The Energy Saving Program Of RN-Yuganskneftegaz Amounted To 1.8 Billion Rubles
RN-Yuganskneftegaz, the largest oil-producing enterprise of Rosneft, saved 398 million kWh of electricity following the implementation of an energy saving program in 2023. In monetary terms, the effect amounted to about 1.8 billion rubles. Increasing the operating efficiency of production assets is one of the key priorities of Rosneft’s strategy. …
China Increased Oil Production In January and February
According to the State Statistics Administration of the People’s Republic of China, the country reduced coal production during this period. China is increasing oil production. This is evidenced by data for January and February published by the State Statistics Administration (SSA) of the People’s Republic of China. The volume of …
The Increase In Oil Reserves In The Russian Federation In 2024 May Amount To 525 Million Tons
Gas reserves may reach 670 billion cubic meters, according to the forecast of the All-Russian Scientific Research Geological Petroleum Institute. The increase in oil and condensate reserves based on the results of geological exploration in Russia in 2024 may amount to 525 million tons, and natural gas – 670 billion …