CNPC Specialists Have Begun Geological Exploration Work in the Southwest of Tajikistan
The China National Petroleum Corporation (CNPC) has begun implementing a project for the exploration and production of new hydrocarbon deposits in southwest Tajikistan. This was announced by CNPC General Director B. Deji. On April 11, 2024, the launch ceremony of the project for the development of new fields in southwestern …
In the US the Cost of Leasing Federal Land for Oil and Gas Companies Will Increase 15 Times
The cost of leasing federal lands in the United States for oil and gas companies will increase 15 times. The Washington Post writes about this. The new rule, released April 12 by the Bureau of Land Management, will increase rents to $150,000 per unit, up from the current $10,000. The …
Oil Service TagraS-Holding Earned 82 Billion Rubles in a Year
The revenue of the oil service holding “TAGRAS” (Almetyevsk) at the end of 2023 increased by 6% – to 82 billion rubles. Investments amounted to 6.7 billion rubles. The Devon News Agency learned about this from the materials of TagraS-Holding. At the same time, the largest division, TNG-Group, earned 21.6 …
Bashneft Increased Drilling Volumes by 5% in 2023
ANK Bashneft, which is part of the Rosneft structure, increased the volume of production drilling in the Volga Federal District by 5% at the end of 2023. The share of horizontal wells, which significantly increase the efficiency of development of mature fields, was 88%. In total, 238 wells were drilled …
Izhevsk Plant Localizes Hydraulic Equipment in Tatarstan
The PromGidravlika-S company from Udmurtia is going to localize the production of hydraulic equipment in Naberezhnye Chelny or Kazan. The director of the company, Alexey LIKHACHEV, spoke about this at a meeting of the Scientific and Technical Council of Tatneftekhiminvest-Holding JSC (Kazan). The company produces hydraulic cylinders for oil production, …
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 …