A Composite Pumpjack Has Been Created in Russia
It is lighter and more durable than metal ones. The Higher School of Petroleum (Almetyevsk) has developed a pumpjack with nodes made of composite material. It is lighter than an ordinary metal pumpjack, which oilmen are used to. The new equipment is also less energy-consuming, the news agency “Devon“ learned from …
Equinor and ExxonMobil Transfer Shares in a Marine Block in Suriname, Media Reported
Norwegian oil and gas group Equinor is leaving Suriname and, together with ExxonMobil, is transferring shares in the deepwater exploration block to the American energy company Hess, Reuters reports. “Equinor and ExxonMobil announced on Wednesday that they had transferred their shares in a deepwater oil and gas exploration block off …
Bloomberg: Russia has reduced production drilling under the OPEC+ agreement
From January to June, 14370 km of production wells were drilled in Russia, which is 2.5% less than in the same period a year ago. The slowdown follows Moscow‘s voluntary commitments under the OPEC+ deal, Bloomberg writes, citing industry data. Bloomberg points out that in June, Russia produced 9.139 million …
Rosneft Has Started Production of More Environmentally Friendly Drilling Fluids
Angarsk Petrochemical Company (part of the Rosneft oil refining and petrochemical complex) has started production of Rosneft Drilltec B2lh drilling fluids, which have improved environmental characteristics due to the use of a low-viscosity hydrocarbon base. A new technology for the production of a more environmentally friendly hydrocarbon base has been …
Belarus Wants to Expand Its Presence in Russia in the Oilfield Services Market
Belarusian oil companies intend to expand their presence in the oilfield services market in Russia, said Alexander Lyakhov, General Director of the Belorusneft production association. “We have our own technologies that are adapted to work both in Belarus and in Russia. In recent decades, we have been actively studying the …
Bloomberg Has Learned that Oil Drilling in Russia Has Decreased
Kasatkin Consulting stressed that the slowdown in drilling rates could be influenced by a decrease in refinery utilization. It is expected that the total volume of production drilling in Russia will decrease to 29.4 thousand km this year. Russian oil companies have reduced drilling rates compared to last year’s record …
Five New Wells Replenished the Belorusneft Fund in July
New facilities have been built at Zolotukhinsky, Vostochno–Pervomaisky, Rechitsky, Nadvinsky and Severo–Domanovichskoye fields. In addition, Belarusian oilmen in July again reached the record high of September 2023 in terms of the number of hydraulic fracturing operations performed. “70 stages have been completed, during which 41 thousand cubic meters of rupture fluid …
Abu Dhabi National Oil Company ADNOC Has Increased the Production Capacity of the Satah Al Razboot Offshore Field by 25%
Abu Dhabi National Oil Company ADNOC has announced that its Satah Al Razboot offshore field has increased production capacity by 25%, to 140,000 b/d of oil, through the introduction of advanced digital technologies. ADNOC‘s goal is to increase production capacity to 5 million b/d of oil by 2027. The Satah …
India Wants to Look for Offshore Oil Outside the Economic Zone
According to The Times of India newspaper, exploration of the continental shelf in other areas will allow assessing the potential for hydrocarbons and other minerals in the interests of the country‘s economic security. The Government of India plans to involve the Oil and Natural Gas Corporation (ONGC) and Oil India …
A New Way to Increase the Production of High-Viscosity Oil Has Been Found
To do this, PNRPU scientists have created a three-dimensional model of the processes in the well. Perm Polytechnic University scientists have developed a technology that will reduce costs in the development of high-viscosity oil fields. To do this, they analyzed the extraction method using electric bottom-hole heating. The Devon News …