TotalEnergies Plans to Increase Hydrocarbon Production by 2-3% Per Year Until 2028
The company will focus on large LNG projects French energy company TotalEnergies plans to increase hydrocarbon production by 2-3% annually until 2028, focusing on developing supplies of liquefied natural gas (LNG). The company provides such data in its presentation of the 2023 strategy. “By dramatically reducing emissions from its operations, …
Sakhalin-2 is Ready to Become a Center of Competence for Integrated Field Development
On September 27, on the sidelines of the Far Eastern Energy Forum “Oil and Gas of Sakhalin – 2023”, a plenary session “The Far East: New Prospects for the Oil, Gas and Energy Sector” was held. The key event of the first day of the conference brought together representatives of …
Gazprom’s General Contractor for the Yuzhno-Kirinskoye Field Announced the Maintenance of the Work Schedule
The departure of foreign contractors made certain adjustments to the company’s work, noted Mikhail Filinkov, director of the department for implementation of offshore projects at Rusgazshelf. The Rusgazshelf company (Gazprom’s general contractor for the development of offshore fields, which is implementing projects for the development of the Kirinskoye and Yuzhno-Kirinskoye …
Rosnedra Notes a Sharp Decline in Funding for Geological Exploration on Sakhalin
According to the head of the department of geology of oil and gas, groundwater and structures of the agency Nina Erofeeva, this is due to the pandemic and sanctions Rosnedra has noted a sharp decline in funding for geological exploration work on Sakhalin since 2020 amid the coronavirus pandemic and …
Oil Majors Begin Exploration Renaissance – WoodMac
Oil and gas exploration spending is recovering from pandemic lows. Wood Mackenzie reports that after record profits in 2022, oil majors have more courage, and the ESG agenda in many countries has faded into the background amid the energy crisis. Britain’s Shell and BP and France’s TotalEnergies said this year …
The Number of Drilling Rigs in the US Fell to the Level of December 2021
The number of oil and gas drilling rigs in the United States fell by seven to 694 in the week ending September 20. This is the lowest figure since the end of 2021. And this is not a “drawdown” somewhere in one place. Most basins in the US have either …
LUKOIL and Nornickel Registered an Oil Production Company in Novy Urengoy
Structures of LUKOIL and Nornickel created a company in the Yamalo-Nenets Autonomous Okrug for the production of oil and associated petroleum gas – Vareineftegaz LLC. According to the Unified State Register of Legal Entities, Vareineftegaz LLC was registered on September 28 in Novy Urengoy, the authorized capital is 200 million …
The Government Approved the Rules for the Sale of Exxon’s Unclaimed Stake in Sakhalin-1
On September 28, the Government of the Russian Federation approved the rules for the assessment and sale of shares in the authorized capital of the limited liability company Sakhalin-1. The text of the relevant resolution is at the disposal of Interfax. According to the document, the assessment of the share …
Exxon and Hess Abandon Guyana Oil Block
US companies have abandoned exploration of the Kaieteur block in deepwater Guyana after disappointing exploration results. Exxon, Hess said they now want to focus on the highly productive Stabroek block, where more than 11 billion barrels of oil and gas have been discovered. The Kaieteur block, abandoned by Exxon and Hess, …
Europe’s Largest Gas Field Has Stopped Production
The Netherlands completed gas production at Europe’s largest field in Groningen on October 1, reports the Netherlands Broadcasting Corporation (NOS). “This morning at 6 a.m. the gas tap in Groningen was closed after years of discussion and constant fear of new earthquakes in the area,” the TV channel reported. It …