Saudi Arabia Will Continue to Voluntarily Reduce Production by 1 Million Bpd Until the End of the Year
Prior to this, the voluntary reduction was initially calculated for July, and then extended to August and September Saudi Arabia has decided to continue implementing measures to voluntarily reduce oil production by 1 million barrels per day (b/d) until the end of 2023. This was reported by the Saudi Press …
Rosneft is Developing Technologies for the Construction and Reconstruction of Wells
Rosneft held a scientific and practical conference “Engineering for construction and reconstruction of wells” in Samara. The main goal of the event is to find solutions to current technological problems, identify new innovative approaches and introduce best practices to improve the production efficiency of drilling engineering. As a leader in …
The Asset of NK Neftisa is Preparing to Start Oil Production in the Sverdlovsk Region
Uralnefteservis has begun the process of approving the construction of production wells JSC Uralnefteservis (part of NK Neftisa, which is associated with businessman Mikhail Gutseriev) announced public hearings on environmental impact assessment (EIA) as part of the project for the development of well 1P of the Krasilnikovsky license area. We …
Brazilian Petrobras Will Invest About $300 Million in Drilling Two Exploration Wells
Brazilian state oil company Petrobras plans to invest about $300 million to drill two exploration wells in the deep waters of the Potiguar Basin after environmental licenses were issued last week. The license, awarded by environmental agency Ibama on Friday, is Petrobras’ first since 2013 to drill in the so-called …
Qatar Energy Spoke About a New Exploration Block in the Mediterranean Sea
The Qatari state-owned energy company QatarEnergy received a new exploration block East Port Said in the Mediterranean Sea as part of a competition held by the Republic of Egypt, the Qatari company reported in a press release. As part of the international tender EGAS 2022, QatarEnergy became the owner of …
Gazprom Neft is Developing the Infrastructure of Its Flagship Asset in Khanty-Mansi Autonomous Okrug-Yugra
Gazpromneft-Khantos is increasing production capacity at the Alexander Zhagrin field. The company has put into operation a new complex, which will increase production at the field from 5.5 million to 8 million tons per year. The new oil treatment unit will complement the existing infrastructure, which was launched at the …
Rosgeo Confirmed Its Leadership in the Anti-Corruption Rating of the Russian Union of Industrialists and Entrepreneurs
In 2023, Rosgeology again received the highest level in the Anti-Corruption Rating of Russian Business of the Russian Union of Industrialists and Entrepreneurs. The assigned Rating class AAA+ corresponds to the maximum level of anti-corruption. Rosgeology took part in the Anti-Corruption Rating for the third time and this year has …
Trump Promised that the United States Will Surpass Russia and Saudi Arabia in Oil Production
According to the former President of the United States, the country will dominate the energy sector within a few months of his re-election as head of state. Former US President Donald Trump said that if he wins the presidential election, he will ensure that the country produces more oil than …
India Has Not Received an Offer to Buy Exxon’s Stake in Sakhalin-1
ExxonMobil announced in March 2022 its withdrawal from the project and departure from Russia India has not received an offer to buy Exxon’s stake in the new operator of the Sakhalin-1 oil and gas project. Secretary of the Ministry of Petroleum and Natural Gas of India Pankaj Jain told reporters …
Eni Discovers Large Gas Field in Indonesia
Italy’s Eni has discovered a large gas field in the Geng North-1 exploration well in Indonesia, with the volume of gas discovered tentatively amounting to 5 trillion cubic feet, the company said in a press release. “Eni announces the discovery of a large gas field in the Geng North-1 exploration …