The Head of Petrobras Said That Brazil Will Join OPEC+
Brazil will join OPEC+ (an expanded partnership format of OPEC oil exporting countries), but will not reduce energy production within the limits agreed upon by the association. Jean-Paul Prates, CEO of the Brazilian national oil and gas company Petrobras, announced this in an interview with Reuters. “We would never be …
Colombian Ecopetrol Announced Plans to Invest Up to $6.7 Billion and Produce Up to 730,000 bpd in 2024
Colombian state oil company Ecopetrol said it plans to invest between $5.7 billion and $6.7 billion and produce up to 730,000 b/d in 2024. The majority of these costs, about $4.8 billion, will go towards maintaining production at 725,000 to 730,000 boe/d, the company’s refineries at 420,000 to 430,000 b/d …
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 …