Lukoil Signed an Additional Agreement with Iraq to Increase Oil Production
Lukoil has entered into an additional agreement on the West Qurna 2 project in Iraq, which provides for the extension of the service contract for ten years, until 2045, and a gradual doubling of the field’s capacity with a production plateau of 800 thousand barrels per day, the company reported. …
KMG, Sinopec and MOL will Begin Developing a Gas Field in Kazakhstan by 2024
The estimated production volume will be about 1 billion cubic meters. m per year, explained the head of Kazmunaigas Magzum Mirzagaliev The Kazakh oil and gas company Kazmunaigas (KMG), the Chinese Sinopec and the Hungarian MOL plan to begin developing the Rozhkovskoye gas field in western Kazakhstan by the end …
Nostrum Oil & Gas Reduced Average Daily Hydrocarbon Production by a Quarter in January-September
Average daily production of Nostrum Oil & Gas Plc in January-September 2023 amounted to 10.288 thousand barrels of oil equivalent (boe), the company said. For the same period in 2022, average daily production was 13,684 thousand boe. Thus, this year this figure decreased by 24.8%. The oil company’s average daily …
BP Does Not Need Additional Oil and Gas Resources in the US
British energy BP does not need new oil and gas resources in the United States, said company CEO Murray Ashinkloss, commenting on media reports about possible new projects in this region. On Monday, Reuters, citing sources, wrote that BP is considering the possibility of creating joint ventures to increase shale …
Six New Wells Replenished Belorusneft’s Fund in October
The well stock of the Belorusneft company was replenished with new objects in October. The drilling of six wells has been completed, BELTA was told at the enterprise. As noted at the enterprise, the team of the Vyshkomontazhnaya management has also gained good momentum. Thus, in October, five assembled rigs …
Kazakhstan is Aimed at a Peaceful Resolution of the Dispute with the Operator of Kashagan over Environmental Violations
Kazakhstan is determined to resolve the environmental dispute with the operator of Kashagan (NCOC) peacefully, said Kazakh Prime Minister Alikhan Smailov. “As for the environmental dispute. Due to the presence of a fairly large volume of sulfur in this field, we are ready for any scenario, but we need to …
CNPC is Discussing Hydrocarbon Production with Gazprom, Rosneft and Novatek
China is trying to work with all parties, including Gazprom, to develop high-quality energy cooperation, Beijing said Chinese CNPC is discussing cooperation with Gazprom, Rosneft and Novatek in terms of hydrocarbon trading and pipeline expansion. This was stated by Vice President of CNPC Xie Jun during the St. Petersburg International …
Algerian Sonatrach Returns to Libya
The Algerian company said it was negotiating the resumption of work on assets in Libya. Sonatrach from Algeria discussed with the Libyan NOC the prospects for resuming geological exploration in blocks 065 and 96/95 in the Ghadames basin in Libya. As the Algerian company clarifies, it is ready to begin …
26.5 Million Tons of Oil Were Produced in Tatarstan over 9 Months
Of this, small oil companies accounted for 5.3 million tons. From January to September 2023, 26.452 million tons of oil were produced in Tatarstan. Of this, small oil companies (SOCs) accounted for 5.3 million tons. By the end of the year, this figure is planned to be increased to 7 …
CNOOC Announced the Start of Production at Another Oil Field
Chinese CNOOC Limited (a subsidiary of the oil and gas giant China National Offshore Oil Corporation, CNOOC) has begun production at an oil field located in the Bohai Gulf. The company’s press service reports this. Penglai 19-3 Oil Field the project is located in the south-central Bohai Bay; work is …