TotalEnergies sold 40% of Block 20 in Angola to Petronas
TotalEnergies EP Angola Block 20 has closed the sale of a 40% stake in Block 20 of the Kwanza Basin (Angola) to Petronas Angola E&P Ltd (PAEPL, controlled by Malaysian Petronas) ahead of the start of development of the asset, the French oil company said. The transaction amount is $400 …
The Bill on Stimulating Geological Exploration Was Adopted in the First Reading
The document proposes a simplified mechanism for re-issuing licenses and admitting private companies to the regional stages of geological exploration. Issues of liberalizing the circulation of exploration licenses were regularly raised by subsoil users. Now, to expand their resource base, they can only buy licenses together with a legal entity …
The Vyngayakhinsky Gas Field of the Gazprom Dobycha Noyabrsk Company is 20 Years Old
The Vyngayakhinsky gas field of the Gazprom dobycha Noyabrsk company is 20 years old On October 25, 2003, gas supply to the pipeline from the Vyngayakhinsky gas field began. The volume of accumulated production since the start of operation is more than 91 billion cubic meters of gas. The Vyngayakhinsky …
Khanty-Mansi Autonomous Okrug Authorities Will Sell Six New Fields to Oilmen
In 2024, the KhMAO authorities will sell licenses for six new oil and oil and gas fields. The district government website states that the subsoil areas contain more than 60 million tons of oil and 7 billion cubic meters of gas. “The proposals of the Department of Subsoil Use and …
Roman Panov has Heen Appointed to the Position of President of GEOTEK
A new stage of development is beginning for one of the leaders of the Russian geological exploration market, the Geotek company. Roman Panov was appointed president of the company. The decision was approved by the board of directors of Geotech JSC. Panov has serious expertise in the management and development …
Pertamina and Petronas Close Deal to Buy Shell’s Stake in Indonesian Masela Asset
Indonesia’s Pertamina and Malaysia’s Petronas have closed a deal to acquire Shell’s 35% stake in the Masela natural gas field, which includes the Abadi project, the Indonesian state-owned company reports. Pertamina Hulu Energi Masela received 20% of the project from Shell Upstream Overseas Services Limited, while Petronas Masela received 15%. …
Rosneft and CNPC Signed an Agreement on Joint Development of Hydraulic Fracturing Technology
The Rosneft Scientific Institute in Ufa and the Research Institute of the China National Petroleum Corporation (CNPC) entered into an Agreement on technological cooperation in the field of design and modeling of the hydraulic fracturing (HF) process within the framework of the V Russian-Chinese Energy Business Forum. The document provides …
Rosgeo Was Concerned about the Lack of Investment in Geological Exploration
The lack of investment in geological exploration (GE), observed against the backdrop of the need to replenish the mineral resource base (MRB) of scarce and import-dependent types of minerals, is of concern. This statement was made by Deputy General Director of Rosgeologia Arthur Uzyunkoyan during a meeting of the Federation …
BP Group Withdraws from Senegal’s Largest Gas Project
According to Bloomberg, this will increase the share of participation of the African government Energy group BP is negotiating an exit from the Yaqar-Teranga gas field project offshore Senegal, which will increase the African government’s share of participation. Bloomberg reported this. The Yakaar-Teranga field was discovered in 2016, the first …
Geological Exploration in Russia is Effective Even During a Crisis, Gazprom Neft Believes
The work of Russian geological exploration has not stopped – everyone has learned to ensure the continuity of processes, said Masalkin, director of geological exploration of the company The domestic geological exploration industry is supported by the state, and is itself looking for new technologies and tools to work effectively …