Oil & Gas Operators

The combined investment from both the Russian state and subsoil users in geological exploration in the Arctic zone of the Russian Federation amounted to nearly 175 billion rubles in 2024, according to Alexander Kozlov, Minister of Natural Resources and Environment of the Russian Federation. He made the statement during a …

Only 13 billion out of 31 billion metric tons of oil reserves in the Russian Federation are considered economically viable, while the majority are hard-to-recover reserves, and at the current production rate, the total reserves will last for 26 years, according to Alexander Kozlov, the Minister of Natural Resources and …

The administration of U.S. President Donald Trump is prepared to extend the license granted to Chevron Corporation for oil production and export activities in the Bolivarian Republic of Venezuela by an additional 60 days, Bloomberg reported, citing sources familiar with the matter. The extension is being considered in the context …

Oil production in the Republic of Kazakhstan rose by 2% from the April average, reaching 1.86 million barrels per day (bpd) between May 1 and May 19, according to Reuters. The Tengiz field alone contributed 932,000 bpd to this total. In April, Kazakhstan reduced its oil output by 3% month-on-month, …

Oil production from low-permeability reservoirs will cease to grow by the 2030s unless an innovative method for developing such formations is invented, according to Ryan Lance, Chief Executive Officer of ConocoPhillips. According to Lance, if the price of oil remains in a comfortable range—between 65 and 75 U.S. dollars per …

Bashneft, a subsidiary of Rosneft Oil Company, has integrated 8,100 oil wells into its Digital Oilfield information system. This represents over 70 percent of the company’s total operational well stock in the Republic of Bashkortostan. The system’s advanced solutions—used for the first time at such scale in the oil and …

The Abu Dhabi National Oil Company (ADNOC) of the United Arab Emirates (UAE) and ExxonMobil Corporation of the United States will work jointly to enhance oil recovery at the Upper Zakum offshore oil field, ADNOC announced following the recent visit of U.S. President Donald Trump to the Emirates. The field …

Shale oil reserves in the southeastern Diyarbakir Basin of the Republic of Türkiye are estimated at 6.1 billion barrels, according to assessments by Continental Resources, a U.S.-based oil company. This was announced by the Minister of Energy and Natural Resources of Türkiye, who noted that such a volume of resources …

The Russian Federation and the Kingdom of Bahrain have discussed the terms of Russian energy supplies to Bahrain, as well as the possibilities for joint cooperation in geological exploration and the production of oil and gason Bahrain’s continental shelf with the participation of Russian companies, according to an official statement …

Gazprom Neft has published its consolidated condensed interim financial statements for the first quarter of 2025, prepared in accordance with International Financial Reporting Standards (IFRS). Despite macroeconomic headwinds, inflationary pressure, and an increase in the tax burden, the company achieved strong operational performance during the reporting period. Revenue for Q1 …