Drilling

The Rosneft Research Institute in Ufa hosted a large-scale scientific and technical conference titled “Innovative Technologies in Hydrocarbon Production” as part of the Russian Oil and Gas Chemical Forum. The conference brought together over 700 experts from leading oil industry companies representing 40 cities across Russia. More than 200 presentations …

The combined investment from both the Russian state and subsoil users in geological exploration in the Arctic zone of the Russian Federation amounted to nearly 175 billion rubles in 2024, according to Alexander Kozlov, Minister of Natural Resources and Environment of the Russian Federation. He made the statement during a …

The Abu Dhabi National Oil Company (ADNOC) of the United Arab Emirates (UAE) and ExxonMobil Corporation of the United States will work jointly to enhance oil recovery at the Upper Zakum offshore oil field, ADNOC announced following the recent visit of U.S. President Donald Trump to the Emirates. The field …

Shale oil reserves in the southeastern Diyarbakir Basin of the Republic of Türkiye are estimated at 6.1 billion barrels, according to assessments by Continental Resources, a U.S.-based oil company. This was announced by the Minister of Energy and Natural Resources of Türkiye, who noted that such a volume of resources …

The Russian Federation and the Kingdom of Bahrain have discussed the terms of Russian energy supplies to Bahrain, as well as the possibilities for joint cooperation in geological exploration and the production of oil and gason Bahrain’s continental shelf with the participation of Russian companies, according to an official statement …

Gazprom Neft has published its consolidated condensed interim financial statements for the first quarter of 2025, prepared in accordance with International Financial Reporting Standards (IFRS). Despite macroeconomic headwinds, inflationary pressure, and an increase in the tax burden, the company achieved strong operational performance during the reporting period. Revenue for Q1 …

The Republic of India is offering the Russian Federation access to 200,000 square kilometers of its territory for oil and gas exploration. This was announced by Hardeep Singh Puri, the Minister of Petroleum and Natural Gas of the Republic of India. “We are offering 200,000 square kilometers for drilling in …

In the United States of America, the number of active oil and gas drilling rigs fell to 578 units by the end of the first week of May, down from 586 units in April. This represents the lowest level since the beginning of the current year. According to Baker Hughes, …

A complex method of seismic signal generation was applied at challenging sites in the Irkutsk Region and in the Yamalo-Nenets Autonomous Okrug, located within the Arctic territories of the Russian Federation. The company Geotek Joint Stock Company carried out large-scale three-dimensional seismic surveys in Eastern Siberia and in the Yamalo-Nenets …

The oilfield services enterprise SpetsPromService, in which Public Joint Stock Company LUKOIL holds a 49.5 percent stake, increased its revenue six hundredfold in the year 2024, reaching 20.4 billion Russian rubles, according to a report by Kommersant. The publication notes that the revenue figures of SpetsPromService are now comparable to …