Senegal Will Recalculate Oil and Gas Reserves, but Does Not Want to Scare Investors
The country’s new president, Bassirou Diomaye Fay, decided to conduct an audit of oil and gas reserves as one of his first steps, but immediately hastened to reassure investors, pointing out that they are welcome in Senegal. Fai noted that the use of the country’s natural resources will receive special …
Oman Auctions Several Offshore Oil and Gas Blocks by 2025
Auctions for new units in Oman, which started in 2023, will now be held annually. Oman plans to auction several oil and gas blocks on the Arabian Sea shelf by the end of the year, said the head of the country’s Ministry of Energy, Salim al-Awfi. According to him, tenders …
An Oil Field with Reserves of 10 Billion Barrels Was Discovered off the Coast of Namibia
The obtained oil samples from test wells are characterized by low viscosity and low sulfur content. A high-quality oil field with reserves estimated at approximately 10 billion barrels has been discovered offshore Namibia. This was reported by the New Era newspaper, citing data from the company Galp Energia, which is …
SLB Announces First-Quarter 2024 Results, Targeting to Return $7 Billion to Shareholders Over 2024–2025
Revenue of $8.71 billion increased 13% year on year GAAP EPS of $0.74 increased 14% year on year EPS, excluding charges and credits, of $0.75 increased 19% year on year Net income attributable to SLB of $1.07 billion increased 14% year on year Adjusted EBITDA of $2.06 billion increased 15% …
Turkey Begins a New Project to Search for Gas in the Northwest of the Country
Ankara launches gas exploration project for $125 thousand. The Turkish state-owned company TPAO has launched drilling for exploration of gas deposits in the province of Canakkale, located in the north-west of the country. The estimated cost of geological exploration is $125 thousand, local media write. TPAO named its first exploration …
Hess Has Decided on a New Field in Guyana
Has Hess decided to wrest Whiptail from Exxon? Hess has received approval for its sixth project in the Stabroek block, Whiptail, offshore Guyana. She enlisted the support of the country’s authorities. Already at the end of 2027, Whiptail’s capacity should increase by 250 thousand b/d. Resources at Whiptail are 850 …
CNOOC Built a Well at the Enping 21-4 Field with a Record Deviation from the Vertical for China
At the Enping 21-4 field in the Pearl River estuary basin, CNOOC commissioned a well with a record-breaking reach-out for China. CNOOC reported this on April 13, 2024. Record well According to CNOOC: well A1H in the Enping 21-4 oil field is China’s first independently designed and constructed extended reach …
The Division of the TAGRAS Holding for the First Time Received an Influx of Oil from the Anomalous Bazhen to the Khanty-Mansi Autonomous Okrug
The TNG-Group company received an influx of oil from the Zaozernaya well No. 1 in the Khanty-Mansiysk Autonomous Okrug – Ugra. The project was implemented by order of the Federal State Budgetary Institution “All-Russian Research Geological Petroleum Institute” on the basis of a state assignment from the Federal Agency for …
Tajikistan Will Soon Have a Lot of Oil and Gas
The Bokhtar project, which the Chinese CNPC took over from the French TotalEnergies in Tajikistan, has entered the implementation stage. The Chinese CNPC has begun implementing a project for the exploration and production of new hydrocarbon deposits in southwest Tajikistan. We are talking about the Bokhtar project, located in the …
It Lies at Great Depths and Requires New Technologies. What is Special about Oil Production in Belarus?
Oil in Belarus lies at great depths, and its extraction requires the use of new technologies. The head of the Main Directorate of Natural Resources of the Ministry of Natural Resources and Environmental Protection, Vasily Kolb, spoke about this in the BELTA YouTube project “In fact: decisions of the First”. …