TMK Partnered Industrial Problem-Solving Team Competition
TMK (Pipe Metallurgical Company) and the TMK2U Corporate University partnered the team-based industrial problem-solving competition “I Am an Engineer”, held at the Ural Federal University (UrFU). Participants were tasked with solving two relevant engineering challenges closely aligned with real production processes. In the “Materials Technology” track, they were required to …
LUKOIL Reduced Oil and Gas Production in Russia in 2025, While Refining Partially Recovered After 2024 Maintenance
LUKOIL reduced oil production in Russia in 2025 by 2.1% compared to 2024, while refining increased by 2.3%. This follows from the company’s 2025 annual report, published in materials for the shareholders’ meeting scheduled for April 23, 2026. Financial Aspect The company does not separately disclose financial results for 2025, …
Japex Drilling a Potentially Revolutionary Offshore Well in Japan
Japan Petroleum Exploration (Japex) has begun drilling an exploration well on the Hidaka offshore area, Hokkaido, Japan.This was reported by the company’s press service. The well is being drilled approximately 50 km from the shore and 5 km northwest of an exploration well drilled in 2019at a depth of 1,070 …
Rosneft Develops Technologies for Drilling and Well Development
RN-Yuganskneftegaz, a key production asset of the Company, held an annual specialized technological forum to consolidate best practices in the implementation of innovative drilling and well development technologies. This year, the event brought together representatives of Rosneft’s subsidiaries and leading service companies in the country. Specialists shared new technological solutions …
New Gas Reserves Discovered at the Largest Field in the Philippines
The Philippine company Prime Energy, operator of service contract No. 38 (SC 38), has discovered new natural gas accumulations offshore Palawan on the continental shelf of the Philippines.This was reported by the company’s press service. The company successfully tested the new Camago-3 well, which recorded a flow rate of about …
Alexander Dyukov Reports Dialogue with the Ministry of Finance on Stimulating Drilling and the Fuel Damping Mechanism
Expansion of the Fourth Group of Fields under the Added Income Tax Also Under Discussion Oil companies are in dialogue with the Ministry of Finance regarding the expansion of the fourth group of fields developed under the Added Income Tax, as well as measures to stimulate drilling. Adjustments to the …
Equinor Began Drilling Operations Under the Raia Project Offshore Brazil
Equinor has started drilling operations under the Raia project on the continental shelf of Brazil.This was reported by the company’s press service. As part of the drilling campaign, 6 wells are planned to be drilled approximately 200 km off the coast of Brazil at a depth of about 2,900 m. …
Novy Urengoy Drilling Company Paid 1.7 Billion Rubles in Debt and Avoided Bankruptcy
Within six months, NUBK repaid debts totaling 1.7 billion rubles. In the Yamalo-Nenets Autonomous Okrug, bankruptcy proceedings against one of the largest partners of Gazpromand Rosneft — the Novy Urengoy Drilling Company (NUBK) — have been completed. In September 2025, the company failed to pay taxes and penalties to the …
Import Substitution in Action: TAGRAS Geophysical Division Reached a New Technological Level
The Russian oilfield services sector is making a significant technological step forward. The geophysical division of TAGRAS Holding has developed several high-tech solutions for the study and development of oil and gas wells. These are technologies that were previously supplied to the market mainly by international service companies. Perforation Control …
ExxonMobil Began Drilling Under the Turrum Phase 3 Gas Project Offshore Australia
Esso Australia Resources (the Australian subsidiary of ExxonMobil) has begun drilling operations as part of the Turrum Phase 3 gas project on the continental shelf of Australia.This was reported by the company’s press service. The project is aimed at supplying natural gas to the energy-intensive market of the country’s east …