American Shale Producers Continue to Absorb Each Other
According to Reuters, ConocoPhillips would like to buy CrownRock for $10-15 billion But ConocoPhillips is not the first contender for the hand of this shale company. Diamondback Energy, Devon Energy, Marathon Oil and Continental Resources also wanted to compete for her favor, but were unable to reach an agreement. However, …
Hard-to-recover Reserves Await New Benefits
The departments are discussing additional measures to stimulate the development of hard-to-recover hydrocarbon reserves. Relevant ministries are working to expand tax benefits for hard-to-recover hydrocarbon reserves (HRR), writes the Kommersant newspaper with a link to the minutes of the relevant meeting held in Khanty-Mansi Autonomous Okrug. The list under discussion …
London Advocates Moratorium on Deep-sea Mining
The UK government has supported the suspension of deep seabed mining until enough information is collected to assess the impact on the environment, the Financial Times reported on Monday. “On Monday, the government announced its support for temporarily suspending sponsorship or licensing support for seafloor metal mining projects until sufficient …
American Oil and Gas Companies are Leaving Europe and Africa
ExxonMobil and Chevron are increasing investment in the United States, are interested in Latin America, but are leaving European and African assets ExxonMobil and Chevron are increasing their presence in the United States through large acquisitions of American companies operating in the United States. Corporations are also increasing their capital …
Wintershall Dea is Discussing its Exit from the Joint Venture in Russia with Gazprom
The head of the company, Mario Meren, did not comment on whether it is possible to nationalize Wintershall Dea’s shares in Russian enterprises Germany’s Wintershall Dea is in negotiations with Gazprom regarding its exit from joint ventures in Russia. This was stated by the head of the company, Mario Meren, …
Wintershall Dea Recorded no Disruptions at Its Assets in North Africa
The head of the oil and gas company, Mario Meren, said that the company has no operating assets in Israel The German Wintershall Dea, one of the largest oil and gas companies in Europe, has not recorded any disruptions in the operation of its assets in the Middle East and …
Wintershall Dea’s Net Profit for the Third Quarter Fell by 86%
Wintershall Dea’s adjusted net profit amounted to €61 million; without adjustment, the German company received a loss of €535 million While the German company is discussing with Gazprom how it can exit its assets in the Russian Federation, the report for the third quarter showed that its net profit has …
In January-September 2023, SOCAR Slightly Reduced Oil Production and Increased Gas Production by 9%
The SOCAR (State Oil Company of Azerbaijan) company produced 5 million 819.062 thousand tons of oil in January-September 2023, the company’s press service told Interfax-Azerbaijan. According to SOCAR, in January-September 2022, the company produced 5 million 824.441 thousand tons of oil. Thus, the decline in oil production in January-September 2023 …
Biden’s Alaska Plan Threatens New Wells
The Biden administration is pursuing initiatives that could make it impossible to extract oil under new leases in the 23 million-acre area. Alaska’s congressional delegation said the Biden administration “abruptly decided to revise the law so that it could treat the 13.1 million acres of the refuge as de facto federal lands.” …
Iran Acquires Shale Oil Production Technology
The shale oil pilot project in Iran is in its final stages and the country can be said to have access to the technology to extract oil from such reserves. The pilot shale oil pilot project in Iran was designed to study the technical and economic aspects of the shale …