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 …
Kuwait Signed Oil and Gas Contracts Worth $3.25 Billion
This is a significant expansion of the country’s activity in its oil and gas industry after a three-year decline Over the 8 months of 2023, the Kuwaiti authorities awarded 91 contracts to expand and improve production conditions at the country’s oil fields for a total amount of $3.25 billion, oilandgasmiddleeast.com …
How External Economic Factors Determine the Sources of Mineral Resources in the Regions
Regions that traditionally show results in mining will be influenced by foreign economic factors, sanctions and countermeasures from our country in the first half of 2023. This is most noticeable in the Yamalo-Nenets Autonomous Okrug, which faces the bulk of Russian gas production. Mining production here decreased by almost 8%, …
Opening of Order Book for Additional Replacement of Gazprom’s Eurobonds of Series 10 with Russian Bonds
Gazprom carries on the additional exchanges of Eurobonds for the bond holders who could not take part in the initial replacement operations. In line with the decision of PJSC Gazprom, Gazprom capital LLC will place an additional issue of Russian bonds replacing the Eurobonds of Gaz Finance plc of series 10 issued for the amount of EUR 500 million (maturity date – November …
Innovations for the Fuel and Energy Sector: the Gazprom Neft Hydraulic Fracturing Simulator is Included in the Register of Russian Programs of the Ministry of Digital Development
The digital simulator “CyberGRP” developed by Gazprom Neft and its partners is included in the Unified Register of Russian programs for electronic computers and databases. Registration in the Ministry of Digital Development registry confirms the high reliability and security of the program from digital threats, as well as independence from …
The Program for Additional Capitalization of Rosgeologia in 2024 May be Reduced by 4 Times
The additional capitalization program of JSC Rosgeologia is planned to be reduced in 2024. This follows from the explanatory note to the draft federal budget for 2024-2026. which Interfax got acquainted with. “The change in the parameters of the financial support of the state program “Reproduction and Use of Natural …
Yugra is Working to Reduce Import Dependence in Oil and Gas Production
The Khanty-Mansiysk Autonomous Okrug – Ugra is forming a package of proposals related to reducing dependence on imported technologies and equipment used in oil and gas production, the head of the region, Natalya Komarova, told reporters. Prospects for the development of the oil and gas industry during a visiting meeting …
American Chevron is Ready to Drill New Wells in Venezuela
The American company wants to increase production in the Latin American country by another 65,000 bpd by the end of 2024 Currently, Chevron and Venezuela’s PDVSA together produce about 135,000 b/d. Washington’s permission to operate an American company in Venezuela is gradually raising the country’s oil production from its knees. …