Russia and Saudi Arabia Will Agree on Oil Production Quotas in 2024
At the ministerial meeting of OPEC+ participants, which will take place on November 30 after a six-month break, a decision will be made on the alliance’s actions next year. The main intrigue is whether OPEC+ will increase production cuts or leave the previous agreements in force. According to them, in …
Shell Finds Hydrocarbons in The Nile Delta
Shell Egypt has successfully drilled its first exploration well in the North East El-Amriya block in the Nile Delta. British Shell bought all shares in the Block 3 project in the Nile Delta from the American ExxonMobil and has already started drilling: the well has been drilled to a depth …
ONGC Asked The Russian Federation to Help Formalize Its Participation in The New Operator Sakhalin-1
Indian ONGC is actively working to transfer its share of the assets of the liquidation fund of the Sakhalin-1 PSA project to a new operator (Sakhalin-1 LLC) and has turned to Russia for assistance, Vinod Hallan, chief executive officer for finance of ONGC Videsh Limited, said at a conference with …
Kazakhstan Plans to Increase Oil Production to 100 Million Tons
The Kazakh authorities plan to increase oil production to 100 million tons in 2028, the Minister of National Economy of the Republic Alibek Kuantyrov said at a plenary meeting of the Senate (upper board of parliament) of Kazakhstan. “The basis for forming the forecast (the socio-economic development of the country …
KazMunayGas Bought a 60% Share in The Production Sharing Agreement at The Dunga Field
JSC NC KazMunayGas announced the completion of the acquisition from TotalEnergies EP Danmark A/S (a subsidiary of TotalEnergies) of 100% of shares in the authorized capital of Total E&P Dunga GmbH and ownership rights in the Dunga subsoil use project, respectively, in accordance with terms of the purchase and sale …
Oilmen of Khanty-Mansi Autonomous Okrug Commissioned Two New Fields
Oilmen in the Khanty-Mansi Autonomous Okrug put two new fields into trial production in 2023. Information about oil production facilities was reported by Deputy Governor of Yugra Sergei Chernyaev at the Yugra Economic Forum in Khanty-Mansiysk, which was broadcast on the official portal of the event. “This year, two fields …
Rosneft Automates Laboratory Tests
Specialists from the Rosneft Scientific Institute in Tyumen have improved the RN-Lab corporate information system, developed to automate laboratory studies of core and formation fluids. Thanks to new functions, RN-Lab describes sedimentary rocks and recognizes various objects in photographs, for example, fossil remains of living organisms. The research results are …
Seven Drilling Rigs in The Gulf of Mexico Shut Down Due to Oil Spill
Due to a leak on the Main Pass Oil Gathering pipeline and subsequent pollution of the Gulf of Mexico, not only the oil pipeline itself has been stopped, but also drilling platforms near Louisiana – everyone is looking for the location of the leak. According to the US Coast Guard, …
Gas Reserves at Gazprom’s Medvezhye Field May Be Classified As Hard-To-Recover
The development of hard-to-recover gas reserves along the Senone is very promising, interesting and profitable, noted the head of Rosnedra Evgeny Petrov. The Russian government may include in the list of hard-to-recover reserves (TRIZ) the Senonian gas deposits developed by Gazprom at the Medvezhye field in the Yamal-Nenets Autonomous Okrug. …
Abu Dhabi Will Increase Oil Production in 2024
One of the largest producers in OPEC, the United Arab Emirates intends to increase oil production in January. Days before the Organization of the Petroleum Exporting Countries and its allies meet to discuss policies for the coming year, traders are focused on whether Saudi Arabia will extend its voluntary production …