Vostsibneftegaz Achieves Over RUB 1 Billion in Economic Gains from Advanced Technologies in 2024
East Siberian Oil and Gas Company (VSNK, part of Rosneft’s upstream division) generated over RUB 1 billion in economic benefits in 2024 through the implementation of innovative projects aimed at enhancing production efficiency. Over the course of the year, VSNK specialists introduced 26 cutting-edge solutions. One of the most impactful …
New Oil Asset in the Arctic
Norway has officially brought one of its most important Arctic energy projects into production. On March 31, 2025, the Johan Castberg oil field in the Barents Sea began operations, marking a major milestone in the country’s strategy to develop Arctic resources and solidify its position as a key energy supplier …
U.S. Plans to Expand Offshore Continental Shelf for Drilling
The United States will launch a 45-day public consultation period to gather feedback on a new five-year leasing program for offshore oil and gas exploration. The results of the discussions will shape a long-term plan for resource development on the U.S. Outer Continental Shelf. According to Reuters, the program could …
Horizontal Intervals Isolation Using Packer Bridge at the Severo-Komsomolskoye Field
SevComNeftegaz LLC P.A. Likhachev LikhachevPA@skn.rosneft.ru B.I. Khusainov BI_Khusainov@skn.rosneft.ru P.V. Leontiev PV_Leontev2@skn.rosneft.ru WORMHOLES R&D LLC O.N. Zhuravlev ozhuravlev@wormholes.ru A.V. Gribanov agribanov@wormholes.ru A.M. Suvorov asuvorov@wormholes.ru In conditions when the oil industry is faced with the need to develop unconventional reserves and reduce production costs, technologies that able to provide the watercut reduction …
Lukoil Reduces Proven Hydrocarbon Reserves by 3% in 2024
Lukoil’s proven hydrocarbon reserves decreased by 3% in 2024, totaling 14.689 billion barrels of oil equivalent (boe), according to materials prepared for the company’s upcoming annual shareholders’ meeting. The company noted that 75% of its proven reserves are liquid hydrocarbons, while 25% are natural gas. Russia accounts for 91% of …
Trump’s Tariffs Leave Shale Industry Stunned
No one fully understands yet how the global economy will ultimately respond to sweeping new tariffs announced by newly re-elected U.S. President Donald Trump — especially as policies continue to shift. One thing is clear: demand forecasts for oil are falling across the board, keeping Brent crude prices from rising …
Halliburton’s Net Profit Drops Nearly Threefold in Q1
Halliburton Reports Nearly Threefold Drop in Q1 Net Profit U.S. oilfield services company Halliburton Co. saw its net profit fall nearly threefold in the first quarter of 2025, although its revenue exceeded analysts’ expectations. According to the company’s press release, net income for January–March totaled $204 million, down from $606 …
Rosneft Improves the Accuracy of Oil Production Forecasts
Specialists from the Rosneft Scientific Institute in Ufa have improved the search for promising areas of oil-bearing rocks in Western Siberia. The new approach makes it possible to identify the most priority areas for drilling in difficult geological conditions typical of the Bazhenov formation*. The specialists analyzed an expanded set …
The TAGRAS Mechanical Division Has Developed an Innovative Circulation System for Cleaning Drilling Mud
The TMS Group division of the TAGRAS Holding has manufactured a circulation system for fine cleaning of drilling mud, improving the approach to assembling the structure. The customer required a 40-cubic-meter tank with process piping, vibrating screens, hydrocyclones and electrical equipment. When manufacturing the system, the TMS Group team revised …
In Ugra, It Was Proposed to Introduce Benefits for Exploration and Production of Hard-to-Recover Oil
According to the Federal Agency for Subsoil Use, in Russia over the past nine years, the volume of hard-to-recover oil reserves (TRIZ) has increased by 3.8 billion tons, an annual increase of three percent on average. In Western Siberia, 37 percent of the resources belong to this category. In the …