Drilling

The management company of Limited Liability Company TMS Group celebrates its 20th anniversary. Any round date is traditionally considered a milestone, providing a reason to reflect on past achievements. While twenty years may not seem like a grand milestone in the conventional sense, it offers a meaningful opportunity to summarize …

In response to the growing global demand for rare earth elements, the State Corporation Turkmengeologiya is planning to increase the volume of geological exploration work in this area, according to a statement made on Thursday by the Head of the Corporation, Gurbanguly Garlyev. “In light of the increased global interest …

Chevron Corporation is considering the possibility of drilling an exploration well in the Walvis Basin, located off the coast of the Republic of Namibia, in the year 2026 or 2027, according to a report by Reuters, citing the American oil company. Chevron’s wholly owned subsidiary, Chevron Namibia Exploration Limited, is …

Companies must pay for subsoil use based on the actual value of the mineral deposits, as this will provide an incentive for them to develop the licensed sites. This statement was made by the Deputy Prime Minister of the Russian Federation, Dmitry Patrushev, during a meeting of the Board of …

The growth of recoverable reserves of Public Joint Stock Company Surgutneftegas fully offset its hydrocarbon production in the year 2024, and the company has the same target for 2025, according to Vyacheslav Chirkov, Chief Geologist of the company, who spoke at a meeting of the Board of the Federal Agency …

BurServis will take part in the annual industry exhibition and conference “Oil and Gas of Uzbekistan – OGU 2025,” which will be held from May 13 to May 15 in Tashkent. This event represents an important milestone for the company, providing an opportunity to showcase innovative technological solutions to a wide …

The Federal Agency for Subsoil Use of the Russian Federation (Rosnedra) plans to begin preparing geological exploration programs in the Arctic and in regions that have been reintegrated into the Russian Federation in the year 2025, according to a statement made by the head of the agency, Oleg Kazanov. “This …

The Ministry of Petroleum of the Islamic Republic of Iran has announced that Tehran is ready to quickly return to its 2015 oil production levels if international sanctions imposed on its oil sector are lifted. The ministry clarified that Iran possesses the full technical capacity to bring its currently idled …

The Republic of Kazakhstan intends to prioritize its national interests over its commitments to the Organization of the Petroleum Exporting Countries Plus (OPEC+) when determining its oil production quotas. This was stated in an interview with Reuters by the newly appointed Minister of Energy of the Republic of Kazakhstan, Yerlan …

The stock prices of oilfield services companies in the United States of America have fallen by approximately 6 percent, according to Reuters. Many participants in the oilfield services sector believe they will not be able to generate profit from new drilling operations if the price of crude oil falls below …