Verkhnechonskneftegaz Has Selected Unique Technologies for the Development of Reserves of the Preobrazhensky Horizon
The Verkhnechonskneftegaz company (part of Rosneft) has begun full-scale development of the Preobrazhensky horizon at the Verkhnechonskoye oil and gas condensate field. Additional production at the field will amount to 4 million tons of oil due to the drilling and reconstruction of more than 200 wells. The Company’s specialists have …
The Heads of Eni and BP Believe That the World Needs Investment in Oil and Gas Now
Eni CEO Claudio Descalzi said it is dangerous to talk about peak oil demand before 2030 Global demand for oil and gas remains, and talk about its peak occurring before 2030 is dangerous, as it will lead to a decrease in investment and rising prices, says Claudio Descalzi, head of …
Rosneft Expects to Increase Production at Verkhnyaya Chonya
Verkhnechonskneftegaz (VCHNG, part of Rosneft) has begun full-scale development of the Preobrazhensky horizon at the Verkhnechonskoye oil and gas condensate field in the Irkutsk region, Rosneft said in a statement. The project implies that “additional production at the field will amount to 4 million tons of oil through drilling and …
TotalEnergies Plans to Increase Hydrocarbon Production by 2-3% Per Year Until 2028
The company will focus on large LNG projects French energy company TotalEnergies plans to increase hydrocarbon production by 2-3% annually until 2028, focusing on developing supplies of liquefied natural gas (LNG). The company provides such data in its presentation of the 2023 strategy. “By dramatically reducing emissions from its operations, …
Sakhalin-2 is Ready to Become a Center of Competence for Integrated Field Development
On September 27, on the sidelines of the Far Eastern Energy Forum “Oil and Gas of Sakhalin – 2023”, a plenary session “The Far East: New Prospects for the Oil, Gas and Energy Sector” was held. The key event of the first day of the conference brought together representatives of …
Gazprom’s General Contractor for the Yuzhno-Kirinskoye Field Announced the Maintenance of the Work Schedule
The departure of foreign contractors made certain adjustments to the company’s work, noted Mikhail Filinkov, director of the department for implementation of offshore projects at Rusgazshelf. The Rusgazshelf company (Gazprom’s general contractor for the development of offshore fields, which is implementing projects for the development of the Kirinskoye and Yuzhno-Kirinskoye …
Rosnedra Notes a Sharp Decline in Funding for Geological Exploration on Sakhalin
According to the head of the department of geology of oil and gas, groundwater and structures of the agency Nina Erofeeva, this is due to the pandemic and sanctions Rosnedra has noted a sharp decline in funding for geological exploration work on Sakhalin since 2020 amid the coronavirus pandemic and …
Oil Majors Begin Exploration Renaissance – WoodMac
Oil and gas exploration spending is recovering from pandemic lows. Wood Mackenzie reports that after record profits in 2022, oil majors have more courage, and the ESG agenda in many countries has faded into the background amid the energy crisis. Britain’s Shell and BP and France’s TotalEnergies said this year …
The Number of Drilling Rigs in the US Fell to the Level of December 2021
The number of oil and gas drilling rigs in the United States fell by seven to 694 in the week ending September 20. This is the lowest figure since the end of 2021. And this is not a “drawdown” somewhere in one place. Most basins in the US have either …
LUKOIL and Nornickel Registered an Oil Production Company in Novy Urengoy
Structures of LUKOIL and Nornickel created a company in the Yamalo-Nenets Autonomous Okrug for the production of oil and associated petroleum gas – Vareineftegaz LLC. According to the Unified State Register of Legal Entities, Vareineftegaz LLC was registered on September 28 in Novy Urengoy, the authorized capital is 200 million …