Inaugural Eurasia Africa Energy Summit (EAES 2024) and 9th KDR Well Engineering Forum Set to Merge in Astana
Event Date: 19th & 20th September Location: The Rixos President Hotel, Astana, Kazakhstan This September, Astana will become the focal point for the global energy sector as it hosts the first-ever Eurasia Africa Energy Summit (EAES) alongside the 9th Annual KDR Well Engineering Forum. Scheduled for the 19th and 20th …
Oil Platform Operator Transocean Increased Its Net Loss By 1.5 Times In 2023
Switzerland’s Transocean Ltd., one of the world’s largest offshore oil platform operators, ended 2023 with a net loss of $954 million, or $1.24 per share, according to a press release. At the end of 2022, the company’s loss was $621 million, or $0.89 per share. Adjusted loss last year widened …
BP Plans To Invest $1.5 Billion In The Development Of The Oil And Gas Industry In Egypt
The company’s chief executive, Murray Auchincloss, is also interested in the possibility of investing an additional $5 billion in this area in the future. The British company British Petroleum (BP) intends to invest at least 1.5 billion in the development of the oil and gas sector of the Egyptian economy. …
The Increase In RussNeft Reserves In 2023 Amounted to 130%
Production amounted to 6.434 million tons of oil and 2.11 billion cubic meters. m of gas. The increase in Russneft reserves in 2023 amounted to 130%, production – 6.434 million tons of oil and 2.11 billion cubic meters of gas, the company reported. The increase in reserves is estimated at 8.3 …
Bashneft Replenished Oil And Gas Reserves By 135% In 2023
Bashneft (part of the Rosneft structure) in 2023, due to successful geological exploration, increased hydrocarbon reserves by 24.4 million tons of oil equivalent, the production replacement rate with reserves was 135%. Every year, Bashneft ensures full replenishment of liquid hydrocarbon production due to the increase in reserves. In this way, …
The Economic Effect From The Implementation Of The Orenburgneft Energy Saving Program In 2023 Exceeded 219 Million Rubles
The Orenburgneft company, the largest producing asset of Rosneft in the Volga region, saved more than 60 million kWh of electricity in 2023, which in monetary terms amounted to more than 219 million rubles. The effect was achieved thanks to the implementation of a program to increase energy efficiency and …
Dry Again. Equinor Did Not Find Hydrocarbons In Another Well In The North Sea
Equinor drilled an exploration well in the Norwegian sector of the North Sea, which turned out to be dry. This was reported by the Norwegian Offshore Directorate (NOD). Exploration well 35/11-28 S (Harden sør): was drilled 9 km west of the Fram field to a depth of 3270 m below …
Somalia Intends To Produce The First Oil In Its History By The End Of The Year
Development will be carried out at fields in the states of Galmudug, South-West and Jubaland. Somalia will begin producing oil on its territory for the first time in history later this year. This was reported by the Garowe portal with reference to the Minister of Petroleum and Mineral Resources of …
An Absolute Record For Daily Penetration Was Set At Belorusneft
The record was recorded at well No. 445 of the Rechitsa oil field and was carried out by the team of the Svetlogorsk Drilling Operations Department No. 9. The previous record of daily penetration of 700 m was set on December 4 last year at well No. 441 of the …
French TotalEnergies Announced The Discovery Of Another Gas Field In Cyprus
French oil and gas company TotalEnergies today announced the successful completion of drilling and production testing of the Cronos-2 appraisal well in Block 6 offshore Cyprus. TotalEnergies owns a 50% stake in Block 6 along with Italy’s Eni (50% operator). Production testing of the Cronos-2 well confirmed the presence of …