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 …
With the Support of Rosneft, Research on the Continental Shelf in the Arctic Ocean continues
With the support of Rosneft within the framework of the strategic initiative of the Ministry of Natural Resources of Russia “Geology. The Rebirth of the Legend“ the exploration of the continental shelf in the Arctic Ocean continues. The day before, a specialized scientific research drilling vessel “Bavenit“ left the port …
BP Has Started Drilling a Second Production Well at the Azerbaijan’s ACG
British BP, the technical operator of the Azeri–Chirag–Guneshli (ACG) offshore project in Azerbaijan, has begun drilling a second well at the field from the Azeri Central East offshore platform. Oil began to be pumped from the first well in April, now the production volume is 8 thousand barrels, Interfax writes. …
The Office of Maritime Policy Will Protect Russia’s Rights on the Shelf
The Office of the President of the Russian Federation for National Maritime Policy will deal with issues of protecting Russia‘s rights on its continental shelf, follows from the regulations on the Office of the President of the Russian Federation for National Maritime Policy. The decree of the President of Russia …