Greece Moves to the Second Stage of Hydrocarbon Exploration in the Ionian Sea
A consortium of companies including Energean, ExxonMobil, and HELLENiQ ENERGY has notified the regulator of its intention to continue work under the Block 2 concession.This was reported by the Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA). During the first phase of the project, exploration activities were carried out, including …
Petrobras Discovered a New Gas Field in Colombia
The Brazilian company Petroleo Brasileiro SA (Petrobras) has discovered a new natural gas field on the continental shelf of Colombia.This was reported by the company’s press service. The discovery was made during the drilling of an exploration well within the deepwater block GUA-OFF-O. The Copoazu-1 well is located approximately 36 …
Russian Geologists Assessed the Prospects of AI Implementation in Exploration
The introduction of artificial intelligence (AI) in Russian geological exploration is transforming the industry, as it is used as a powerful tool that helps optimize processes and, in the future, will improve the accuracy of forecasts in exploration activities. However, key decisions must remain with humans, RIA Novosti was told …
Equinor Discovered Oil Deposits in the Barents Sea
The Norwegian company Equinor has discovered new oil deposits in the Polynya Tubåen subsoil area in the Barents Sea. This was reported by the company’s press service. The new discovery was made during the drilling of exploration well 7220/7-5, located 16 km southwest of well 7220/8-1 at the Johan Castberg …
Eni Discovered Two New Gas Fields Offshore Libya
The Italian company Eni has discovered two new natural gas fields on the continental shelf of Libya.This was reported by the company’s press service. The discoveries were made during the drilling of two wells — B2-16/4 and C1-16/4 — on adjacent geological structures Bahr Essalam South 2 (BESS 2) and …
Oil Production in the UAE Declined by More Than 50%
Oil production in the United Arab Emirates has fallen by more than 50% amid the military conflict in the Middle East and the effective closure of the Strait of Hormuz, Reuters reported on March 16, citing sources. According to the sources, the Abu Dhabi national oil company Abu Dhabi National …
New Gas Consortium Launches Production of Non-Associated Gas at Offshore Quiluma Field in Angola
New Gas Consortium (NGC) has commenced gas production at the offshore Quiluma field in Angola.This was reported by the press service of the French company TotalEnergies. This is the first development of a free (non-associated) gas field in the country. Historically, gas in Angola has been produced mainly as a …
Eni Discovered New Gas Deposits in Libya
The Italian energy company Eni has discovered new gas deposits in Libya, according to the company’s press release. “As a result of an exploration campaign launched in recent months, Eni has discovered two new gas fields in Libya,” the statement said. It is noted that the company drilled two wells …
Belorusneft’s Northern Asset Receives New Gas Inflow at Gubkinskoye Field
A division of Belorusneft in the Russian North — the oil company Yangpur — has received a new gas inflow at the Gubkinskoye field. This was reported by BelTA, citing Belorusneft. The event was recorded at well No. 561. “As a result of testing the PK8 formation of the Pokur …
Iraq Reduced Oil Production Almost Fourfold
Oil is being used only for domestic needs Oil production in Iraq has decreased due to the closure of the Strait of Hormuz from 4.3 million barrels per day to 1.2 million barrels per day (down by 3.1 million barrels per day). This was reported by Bloomberg, citing the spokesperson …