Deepwater Hydrocarbon Exploration Market: 3 Revolutionary Technological Advancements
Let’s unleash the potential technological advancements that will make deepwater hydrocarbon exploration a thriving industry. From unmanned vehicles floating in deep water to real-time data analytics, explore how imagination will become true shortly. What is inside Deepwater? For centuries, the world has been craving for the answer to this question. …
Nigeria Wants to Attract Russian Companies to Oil and Gas Projects
Nigeria should involve Russian companies in its projects for the exploration and development of oil and gas fields, Director General of the Women‘s Chamber of Commerce, Industry, Mining and Agriculture of Nigeria Oritseveyinmi Eribo told RIA Novosti. In June 2023, the Permanent Secretary of the Ministry of Petroleum and Natural …
Digitalization of Procurement, Oil Production and Field Exploration: TAGRAS Holding Will Present Technologies at Smart Oil & Gas
From September 10 to 11, Moscow will host the X Federal Forum on IT and Digital Technologies of the Russian Oil and gas industry “Smart Oil & Gas“. The event is an independent platform for discussion and exchange of experience on key issues and topical issues of digital transformation, development …
Norwegians Believe in Strong Demand for Oil and Gas Until 2035
Norwegian Equinor will invest up to $7 billion per year in exploration and production on the Norwegian shelf until 2035. Norway‘s Equinor plans to invest up to $6.7 billion annually in oil and gas offshore Norway by 2035, anticipating continued high demand for fossil fuels. Equinor said it could produce …
By 2023 about 53% of Russia’s Oil Reserves Were Potentially Preferential
By the beginning of 2023, about 53% of Russia‘s oil reserves were classified as potentially preferential, of which 58% are hard-to-recover reserves. This is reported in the state report “On the state and use of mineral resources of the Russian Federation in 2022“, published by the Ministry of Natural Resources …
The Office of Maritime Policy Will Protect Russia’s Rights on the Shelf
The Office of the President of the Russian Federation for National Maritime Policy will deal with issues of protecting Russia‘s rights on its continental shelf, follows from the regulations on the Office of the President of the Russian Federation for National Maritime Policy. The decree of the President of Russia …
Belorusneft: We Constantly Support the Growth Trend of Annual Oil Production
“We constantly support the trend of annual oil production growth. And this year is no exception,“ Petr Povzhik stressed. “The technologies that we use today for the development of hard-to-recover reserves are mainly related to drilling long extended horizontal shafts (at least 2 km each horizontal well) and performing multi-volume …
Equinor and ExxonMobil Transfer Shares in a Marine Block in Suriname, Media Reported
Norwegian oil and gas group Equinor is leaving Suriname and, together with ExxonMobil, is transferring shares in the deepwater exploration block to the American energy company Hess, Reuters reports. “Equinor and ExxonMobil announced on Wednesday that they had transferred their shares in a deepwater oil and gas exploration block off …
Five New Wells Replenished the Belorusneft Fund in July
New facilities have been built at Zolotukhinsky, Vostochno–Pervomaisky, Rechitsky, Nadvinsky and Severo–Domanovichskoye fields. In addition, Belarusian oilmen in July again reached the record high of September 2023 in terms of the number of hydraulic fracturing operations performed. “70 stages have been completed, during which 41 thousand cubic meters of rupture fluid …
India Wants to Look for Offshore Oil Outside the Economic Zone
According to The Times of India newspaper, exploration of the continental shelf in other areas will allow assessing the potential for hydrocarbons and other minerals in the interests of the country‘s economic security. The Government of India plans to involve the Oil and Natural Gas Corporation (ONGC) and Oil India …