Kondaneft’s Effect from Innovation Implementation Exceeded 1.1 Billion Rubles
Kondaneft (part of Rosneft’s oil production complex) achieved an economic effect of more than 1.1 billion rublesfollowing the implementation of production efficiency improvement projects in 2025. Among the implemented initiatives were 15 innovations developed by the company’s specialists. The greatest economic effect was achieved in the areas of well logging …
Tengiz Has Not Yet Reached Full Oil Production Capacity
Oil production at the Tengiz field in Kazakhstan has still not reached full capacity after being suspended in January due to power supply issues, the press service of Tengizchevroil (TCO) told Interfax-Kazakhstan. “TCO is gradually increasing production volumes as conditions allow,” the company said in response to a question about …
Rosneft Improves Accuracy of Oil-Bearing Reservoir Forecasts
Specialists of the Tyumen Research Institute of Rosneft have created a unique seismic facies model of the Russkoye field, which will enable more accurate identification of oil-bearing zones during drilling. The large-scale work on building the model included studies of sedimentation conditions, analysis of wave field characteristics based on seismic …
Belarusian Oilmen Set a Record in Ecuador
Specialists from the Well Construction Management Center of the Rechitsaneft oil and gas production department of Belorusneft, together with Service Oil Ecuador Equaservoil S.A., have set a national record, BelTA was informed by Belorusneft. The achievement concerns the successful completion of well No. 010R1 at the Armadillo Block 55 field …
Oil Production at Fields in Southern Iraq Fell by More Than Half
Oil production in Iraq’s main oil-producing region — the southern province of Basra — has decreased from 3.3 million barrels per day to 1.3 million barrels per day amid escalation in the region, the newspaper As-Sabah reported, citing data from the Iraqi state company Basra Oil Company. “Production has now …
The United States Seeks Access to Iran’s Oil Resources, Tehran Said
The United States seeks to gain access to Iran’s oil resources, said Esmail Baghaei, spokesperson for the Iranian Ministry of Foreign Affairs. “As for what the goal of the United States is, there is no doubt — no one has ever doubted that the goal of the United States is …
Saudi Aramco to Reduce Oil Production at Two Fields, Reuters Reports
The Saudi state oil and gas company Saudi Aramco is reducing production at two oil fields amid the effective blockage of the Strait of Hormuz, Reuters reports, citing sources. “The Saudi oil giant Aramco has begun cutting production at two of its oil fields… after the crucial Strait of Hormuz …
Vladimir Putin Allowed the Suspension of Oil Production Tied to the Strait of Hormuz
Vladimir Putin stated that a full rerouting of Middle Eastern oil supplies without the Strait of Hormuz will not be possible. The Russian president noted that the strait is “effectively closed,” and oil production in the region risks coming to a complete halt. A full redirection of Middle Eastern oil …
Sakhalin-2 Prepares to Bring Previously Untapped Reserves of the Lunskoye Field into Development
Sakhalin Energy (a subsidiary of Gazprom, operator of the Sakhalin-2 project) is beginning the practical implementation of measures to develop previously untapped reserves of the resource base of the Sakhalin-2 project. The main source of feed gas for the Sakhalin-2 LNG plant is the Lunskoye oil, gas and condensate field …
Kuwait Reduced Oil Production and Refining After Iranian Strikes
Kuwait, one of the world’s leading oil suppliers, has announced a reduction in crude oil production and refining. The country’s state corporation stated that the move was taken as a precautionary measure following recent Iranian attacks. Kuwait is cutting oil production and refining as a preventive step due to threats …