New Zealand to Allow Offshore Gas Production Due to Lack of Electricity
New Zealand will lift the ban on the development of offshore oil and gas fields due to a serious shortage of energy resources. This was announced by the country’s Energy Minister Simeon Brown. According to him, due to the acute shortage of electricity, the Cabinet of Ministers of New Zealand …
Kenera Will Take Part In the Tyumen Industrial Energy Forum
From September 16 to 19, 2024, Tyumen Technopark will host the Tyumen Industrial Energy Forum TNF 2024. TNF is an industrial and energy forum with a 20–year history. Today it is Russia‘s largest intersectoral platform that unites manufacturers of oil and gas equipment, service companies, subsurface users, as well as …
Texas Will Reduce Drilling — New Mexico Will Increase
The growth of oil production in New Mexico overtakes the growth of production in other oil-bearing areas of the United States. Two counties in New Mexico – Lee and Eddy—accounted for 17% of all onshore oil production in the continental United States last year. They are expected to produce more …
Drilling Rig on the Ghana Shelf Is Waiting for an Investment Decision on the Project with LUKOIL
The final investment decision on the Pecan project offshore Ghana has not yet been accepted, but a floating drilling rig has already been brought to the site. A floating drilling rig is ready to start work at the Pecan field offshore Ghana (LUKOIL is involved in the project), but the …
Norwegians Believe in Strong Demand for Oil and Gas Until 2035
Norwegian Equinor will invest up to $7 billion per year in exploration and production on the Norwegian shelf until 2035. Norway‘s Equinor plans to invest up to $6.7 billion annually in oil and gas offshore Norway by 2035, anticipating continued high demand for fossil fuels. Equinor said it could produce …
Drilling Activity in Shale Is Falling
According to Reuters, oil and gas development in the United States is showing further signs of leveling off with the prospect of a decline as a result of falling energy prices (from a peak of $124 per barrel of oil recorded in June 2022). The drop in oil prices has …
A New Gas Field Has Been Discovered in the Norwegian Sea
The Haydn exploration well was drilled in the Norwegian Sea near Aasta Hansteen. A joint venture between OMV (40%), Vaar Energi (30%) and Inpex Idemitsu (30%) has discovered the new Haydn deepwater gas field, about 65 kilometers southwest of the Aasta Hansteen field, and 310 kilometers west of Sandnessjøen, offshore …
The Largest Oilfield Services Company in the United States Has Been Subjected to a Cyber Attack
The largest oilfield services company in the United States, Halliburton, has been subjected to a cyberattack, its employees are trying to fix the problem, Reuters reports. A representative of the company told the agency that Halliburton is aware of the problem affecting certain systems of the company, is working to …
Gazprom Neft Has Received Licenses for Three Sites in the South-East of Yamal
Gazprom Neft is starting to explore the Vostochno–Terel group of fields in the Yamalo–Nenets Autonomous Okrug – the company has received licenses for three sites that will become part of a large oil production cluster in the Yamalo-Nenets Autonomous Okrug, its message says. Gazpromneft–Noyabrskneftegaz will act as the operator of …
KazMunayGas Plans to Produce an Additional 70 Million Tons of Oil Due to Hard-to-Recover Reserves
Kazakh oil company KazMunayGas JSC (KMG) intends to increase production in the future due to hard-to-recover oil, new technologies will be used for this. This was announced by the company‘s press service. “Regarding the increase in production, it was noted that 50% of oil reserves are difficult to recover. The …