ALROSA and SakhaTransNefteGaz to Develop Hydrocarbon Fields in Yakutia
Diamond mining company ALROSA and national oil and gas firm SakhaTransNefteGaz have entered into a partnership to jointly explore hydrocarbon reserves at the Ulugur and Ergedzhei license blocks in the Republic of Sakha (Yakutia), Russia. The collaboration is carried out through a joint venture named UlugurNefteGaz, according to the company’s …
Drilling Mud to Become a Data Carrier for Subsurface Information
Drilling Mud Transformed into a Real-Time Data Channel by Perm Polytechnic Researchers A team of scientists from Perm National Research Polytechnic University (PNRPU) has developed a groundbreaking technology that turns drilling mud into a data transmission channel, enabling the transfer of real-time information from deep within oil wells. This innovation …
Gazprom Neft to Establish a Network of Test Sites in Western Siberia for Hard-to-Recover Oil Technologies
Gazprom Neft has received new licenses for the establishment of technology test sites dedicated to piloting domestic solutions for the development of hard-to-recover oil reserves (HRR). This initiative will enable the company to create the largest network of such sites in Russia, accelerating the deployment of advanced approaches to unconventional …
Vostsibneftegaz Achieves Over RUB 1 Billion in Economic Gains from Advanced Technologies in 2024
East Siberian Oil and Gas Company (VSNK, part of Rosneft’s upstream division) generated over RUB 1 billion in economic benefits in 2024 through the implementation of innovative projects aimed at enhancing production efficiency. Over the course of the year, VSNK specialists introduced 26 cutting-edge solutions. One of the most impactful …
New Oil Asset in the Arctic
Norway has officially brought one of its most important Arctic energy projects into production. On March 31, 2025, the Johan Castberg oil field in the Barents Sea began operations, marking a major milestone in the country’s strategy to develop Arctic resources and solidify its position as a key energy supplier …
U.S. Plans to Expand Offshore Continental Shelf for Drilling
The United States will launch a 45-day public consultation period to gather feedback on a new five-year leasing program for offshore oil and gas exploration. The results of the discussions will shape a long-term plan for resource development on the U.S. Outer Continental Shelf. According to Reuters, the program could …
Horizontal Intervals Isolation Using Packer Bridge at the Severo-Komsomolskoye Field
SevComNeftegaz LLC P.A. Likhachev LikhachevPA@skn.rosneft.ru B.I. Khusainov BI_Khusainov@skn.rosneft.ru P.V. Leontiev PV_Leontev2@skn.rosneft.ru WORMHOLES R&D LLC O.N. Zhuravlev ozhuravlev@wormholes.ru A.V. Gribanov agribanov@wormholes.ru A.M. Suvorov asuvorov@wormholes.ru In conditions when the oil industry is faced with the need to develop unconventional reserves and reduce production costs, technologies that able to provide the watercut reduction …
Lukoil Reduces Proven Hydrocarbon Reserves by 3% in 2024
Lukoil’s proven hydrocarbon reserves decreased by 3% in 2024, totaling 14.689 billion barrels of oil equivalent (boe), according to materials prepared for the company’s upcoming annual shareholders’ meeting. The company noted that 75% of its proven reserves are liquid hydrocarbons, while 25% are natural gas. Russia accounts for 91% of …
Trump’s Tariffs Leave Shale Industry Stunned
No one fully understands yet how the global economy will ultimately respond to sweeping new tariffs announced by newly re-elected U.S. President Donald Trump — especially as policies continue to shift. One thing is clear: demand forecasts for oil are falling across the board, keeping Brent crude prices from rising …
Halliburton’s Net Profit Drops Nearly Threefold in Q1
Halliburton Reports Nearly Threefold Drop in Q1 Net Profit U.S. oilfield services company Halliburton Co. saw its net profit fall nearly threefold in the first quarter of 2025, although its revenue exceeded analysts’ expectations. According to the company’s press release, net income for January–March totaled $204 million, down from $606 …