Baker Hughes Noted a Decline in the Number of Oil and Gas Drilling Sites in the World in March
The number of active oil and gas drilling rigs in the world fell in March due to Canada, US oil services company Baker Hughes said. On average, 1,793 installations operated around the world last month compared to 1,813 in February. At the same time, the March level is 86 lower …
Lukoil Intends to Invest 14.5 Billion Rubles in Geological Exploration in Komi and the Nenets Autonomous Okrug Over Four Years
It is planned to construct seven prospecting and five exploration wells. LLC Lukoil-Perm (a subsidiary of PJSC Lukoil) intends to invest 14.5 billion rubles in geological exploration in the Komi Republic and the Nenets Autonomous Okrug over the next four years. The company expects to annually increase 5 million tons …
The Cabinet Of Ministers Approved The Powers Of The Ministry Of Natural Resources To Register Installations On The Shelf And In The Seas
The Ministry of Natural Resources is vested with the authority to adopt a procedure for submitting information about contractors creating, operating and using structures and installations on the continental shelf. The Government of the Russian Federation has adopted a draft resolution giving the Russian Ministry of Natural Resources the authority …
Norway Approves Investment In New Offshore Oil And Gas Project Bestla
Norwegian oil and gas operator DNO today announced a final investment decision for the development of the Brasse field, located in the northern North Sea. In addition to DNO Norge AS (39.3%), the Brasse partnership includes OKEA ASA (39.3%) as operator, Lime Petroleum AS (17%) and M Vest Energy AS …
BP Predicted Production Growth in the Upstream Segment in the First Quarter
British oil and gas company BP Plc expects an increase in production in the upstream segment in the first quarter compared to October-December 2023, it said in a statement. In the gas and low-carbon energy subsegment, a slight increase in production is expected, while in the oil subsegment – a …
TotalEnergies Increases Stake In Eagle Ford Field
The French company TotalEnergies has entered into an agreement to purchase a 20% stake in the Eagle Ford field in Texas from Lewis Energy Group (EOG Resources manages the remaining 80%). This was reported by the press service of TotalEnergies. The acquisition will allow the company to increase its U.S. …
The Increase In New Reserves Of Samaraneftegaz Almost Doubled Hydrocarbon Production
Samaraneftegaz, one of the main production assets of Rosneft in the Volga region, at the end of 2023 ensured an increase in reserves in the amount of 18.5 million toe, which replenishes the enterprise’s hydrocarbon production by 168%. Increasing the efficiency of reserve replenishment and their consistent introduction into development …
Samotlorneftegaz Celebrates The 55th Anniversary Of The Start Of Industrial Development Of The Samotlor Field
Samotlorneftegaz (part of the oil and gas production complex of Rosneft) celebrates 55 years since the production of the first industrial oil from the Samotlor field – one of the largest in the world. In April 1969, industrial development of the oil giant began – just four years after its …
Rosneft Increases Production In Water-Oil fields
Specialists from RN-Yuganskneftegaz, the Company’s largest producing asset, drilled a well using the fishbone technology* in the water-oil section of a mature field. The oil production rate of the multilateral well was 500 tons per day, which is twice as much as compared to traditional technologies. The development of technological …
Orenburg Oilmen Completed 3D Seismic Exploration In Two Subsoil Areas
On the eve of Geologist’s Day, which is celebrated on the first Sunday in April, geologists of the Orenburgneft company (a subsidiary of Rosneft) successfully completed 3D seismic exploration in the Leningradsky and Tverdilovsky subsoil areas in the Orenburg region. The research area was more than 140 square meters. This …