The Merger of LUKOIL-PERM and LUKOIL-KOMI Into a Single Organization Has Been Completed
The subsidiaries of the LUKOIL Group, LLC LUKOIL-PERM and LLC LUKOIL-Komi, completed their merger. The LUKOIL-PERM enterprise now holds licenses for geological study, exploration and production of hydrocarbons in the Perm Territory, the Udmurt Republic, the Republics of Bashkiria and Komi, as well as the Nenets Autonomous Okrug. Current recoverable …
Administration of UKMO, INK and Vostokgosplan Signed an Agreement on Development of a Master Plan for the Ust-Kut Region
The Irkutsk Oil Company (INK) signed an agreement on the development and implementation of a master plan for the Ust-Kut region with the administration of the Ust-Kut Municipal Formation (UKMO) and the Eastern State Planning Center (Vostokgosplan). FANU “Vostokgosplan” is engaged in carrying out research and expert-analytical work in the …
“Salym Petroleum Development” is The Most Environmentally Friendly Enterprise in Ugra
SPD’s environmental projects were highly praised by the experts of the competition “The Best Oil and Gas Producing Enterprise of Ugra in the Sphere of Relations Related to Environmental Protection.” The competition took place within the framework of the XX International Environmental Action “Save and Preserve”. The award was presented …
LUKOIL Received a License for Development of The Demenevsky Subsoil Site
The LUKOIL-PERM enterprise was recognized as the winner of the auction for the right to use the subsoil of the Demenevsky site, located in the south of the Perm Territory. Its area is more than 159 km², its recoverable resources are 1.8 million tons of hydrocarbons. The license for geological …
Russia Reduced Gas Production Over 10 Months by 9.6%
It amounted to 430 billion cubic meters. m, follows from Rosstat data Russia in January – October 2023 reduced natural gas production by 9.6% compared to the same period of the previous year, to 430 billion cubic meters. m. This follows from Rosstat data. In particular, gas production in October …
Equinor Sells its Nigerian Business to Chappal Energies
Norwegian state-owned energy company Equinor is selling its Nigerian business to energy company Chappal Energies, Equinor said in a press release. “Equinor and Chappal Energies have entered into an agreement to sell to Equinor Nigeria Energy Company (ENEC), which owns a 53.85% stake in the OML 128 oil and gas …
Gas Production From the Leviathan Field Remained Stable Despite Disruptions at Other Israeli Fields
Gas production at the offshore Leviathan field has remained stable, despite disruptions at other fields amid the conflict between Israel and Hamas in the Gaza Strip. This is stated in the reports for the 3rd quarter of 2023 published on November 29, 2023 by the Israeli company Ratio Energies, participating …
Igor Sechin Assumed a Gas Shortage Due to Tax Changes on Gas
As the head of Rosneft noted, the differentiation of gas prices for various categories of industrial consumers against the backdrop of an increase in the tax burden on the industry was carried out without a comprehensive analysis of its impact Differentiation of gas prices for industrial consumers and an increase …
NCOC Reduced Daily Oil Production by 38%
Another large Kazakh company has limited oil production due to the Caspian Pipeline Consortium (CPC) suspending oil shipments at the port of Novorossiysk due to worsening weather conditions. This was reported by the Kazinform agency with reference to JSC “Situational and Analytical Center of the Fuel and Energy Complex of …
Venezuelan President Reports Stable Growth in Oil Industry
Nicolas Maduro said that in the third quarter, oil and natural gas production in the republic increased by 12.99%, and also noted a “significant increase” in oil exports. Venezuela has achieved stabilization in the growth of the oil industry and an increase in hydrocarbon production. Venezuelan President Nicolas Maduro announced …