Iran Has Begun Development of the Tus Gas Field in the Northeast of the Country
According to NIOC CEO Mohsen Khojastemehr, eight new wells will be drilled at a cost of $200 million. General Director of the National Iranian Oil Company (NIOC) Mohsen Khojastemehr announced the start of development of the Tus gas field, which is located in the Razavi Khorasan province in the northeast …
A Subsidiary of Belorusneft in Ecuador Produced 4 Million Barrels of Hydrocarbons
Belorusneft’s subsidiary in Ecuador has produced 4 million barrels of hydrocarbons since the start of the international project, BELTA learned from the company. Initially, the interest was bilateral, since international cooperation in this format is an opportunity to expand professional competencies for Belarusian and Ecuadorian oil workers. According to the …
Novatek Called for the Creation of a Program to Support the Production of Hard-to-Recover Gas
Deputy Chairman of the Board of the company Vladimir Kudrin noted that the production of HRR in the Nadym-Pur-Taz region is complicated by the difficulty of developing these reserves and expensive technologies Novatek called on the government to create a program to support technologies for the production of hard-to-recover gas, …
RussNeft Expects a Reduction in Oil Production by Five Percent
RussNeft expects oil production to decline in 2023 due to OPEC+ decisions by 5%, to 6.4 million tons, company president Evgeny Tolochek told reporters on the sidelines of the Tyumen Industrial and Energy Forum. Answering the question by how much the company’s oil production could decrease in 2023, he said: …
Indian ONGC Said It Wants to Get a Share of the Oil Produced at Sakhalin-1
CEO of ONGC’s investment division Rajarshi Gupta believes that negotiations with the Russian side and other shareholders could last six months The Indian company ONGC intends to produce oil as part of its share in the Sakhalin-1 project and expects that negotiations on this could take up to six months. …
The Economic Effect of Kondaneft From the Implementation of the Program to Increase Production Efficiency Exceeded 200 Million Rubles
The Kondaneft company (part of the oil production complex of Rosneft Oil Company) received an economic effect of more than 200 million rubles in the first half of 2023, thanks to the implementation of a program to increase production efficiency. Systematic work to improve the production efficiency of facilities is …
Norway Cut Gas Production by 10% in August, Worse Than Forecast
Norway in August reduced natural gas production by 9.8% year on year, to 311.3 million cubic meters per day from 345 million cubic meters per day a year earlier, according to preliminary data from the Norwegian Petroleum Directorate (NPD). The figure turned out to be worse than the NPD forecast, …
Rosneft Will Present the Latest Digital Technologies for the Oil and Gas Industry in Ufa
The Rosneft Scientific Institute will hold a conference “Digital Technologies in Hydrocarbon Production” in Ufa from October 17 to October 20, 2023. The large-scale event annually brings together more than 500 leading representatives of the oil industry and scientists from different cities of Russia. During the Conference, participants will exchange …
Saudi Arabia in July Reduced Oil Production by 9.5%, Exports by 11.6%
In July, Saudi Arabia reduced oil production compared to the previous month by 9.5%, and exports by 11.6%, according to data on the website of the Joint Organization Data Initiative (JODI). Export volumes amounted to 6.012 million barrels per day (b/d), compared with 6.804 million b/d in June. However, it …
The Government of the Russian Federation and Gazprom Neft Signed an Agreement on the Joint Development of Russian Equipment for Oil Production
The Russian government and Gazprom Neft will join forces in the development of domestic equipment for drilling and hydrocarbon production on land. The corresponding agreement of intent was concluded within the framework of the TNF industrial and energy forum and is aimed at ensuring the technological sovereignty of the Russian …