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 …
Rosneft for 9 Months Increased Production of Liquid Hydrocarbons by 3.9%, to 4 Million bpd
Gas production increased by 33%, to 1.5 million boe/s Production of liquid hydrocarbons by Rosneft over 9 months amounted to 4 million barrels. per day, which is 3.9% higher year-on-year and is mainly due to the resumption of production at the Sakhalin-1 project, the company reported. Against the background of …
BP Withdraws From Yakaar-Teranga Gas Project in Senegal
British oil and gas company British Petroleum (BP Plc) in early November ceased its participation in the development of the Yakaar-Teranga gas fields on the continental shelf of Senegal. Bloomberg reports this. Senegal and BP did not agree The company’s decision to withdraw from the project is motivated by disagreements …
A New Appointment at Tatneft
By order of the General Director of the Tatneft Company, Nail Maganov, Andrey Pimenov was appointed to the position of director of the TatNIPIneft Institute. Born in 1978. Higher education. In 1998 he graduated from Samara Municipal Nayanova University with a degree in Biology. Candidate of Chemical Sciences, defended his …