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 …
LUKOIL Promises to Preserve Jobs in Komi After Merging Its Subsidiaries
Lukoil-Perm will retain tax contributions to the budget of the Komi Republic and jobs after the takeover of Lukoil-Komi. This was stated by the head of Komi Vladimir Uyba at a meeting of the republic’s Coordination Council for Strategic Management. “There will be no fundamental changes,” noted Deputy Chairman of …
Gazprom Neft Volunteers and Residents of Yamal Collected More Than 625 Tons of Garbage on the Peninsula
Gazprom Neft summed up the results of its environmental project “Clean Environment” to clean up Yamal from historically accumulated and household waste. From April to September, more than 4.5 thousand volunteers – company employees, representatives of the public environmental organization “Green Arctic”, local residents – collected more than 625 tons …
Iran Begins Development of a New Gas Field in the Northeast
The first phase of the Tus Gas field development project in northeastern Iran was launched at an official ceremony on Sunday. The Tus Gas field, located in Khorasan Razavi province, will produce three million cubic meters of gas per day in the first stage, and in the second stage, production …
Zarubezhneft Won a Tender for Gas and Oil Exploration in Egypt
The country’s authorities announced the results of a tender for the search and development of oil and gas fields in the Mediterranean and Nile Delta regions The Russian oil and gas company Zarubezhneft won the tender for oil and gas exploration announced earlier by the Egyptian Ministry of Petroleum and …
China Breaks Its Own Record in Offshore Drilling
China is ramping up offshore drilling as part of its energy security strategy China’s CNOOC reported that the number of wells in the Bohai Gulf at the Kenli 6-1 oil project increased to 177. CNOOC representative Liu Baosheng said that in less than two years the company drilled more than …