The Russian Federation and the Bolivarian Republic of Venezuela Have Reached an Agreement on the Development of New Oil and Gas Fields
The Russian Federation and the Bolivarian Republic of Venezuela have reached an agreement on cooperation in the exploration and development of new oil and natural gas fields. The text of the agreement on strategic partnership and cooperation between the two countries has been published on the official website of the …
The Growth of Reserves of Public Joint Stock Company Surgutneftegas Fully Replaced Its Oil Production in the Year 2024
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 …
ALROSA and SakhaTransNefteGaz to Develop Hydrocarbon Fields in Yakutia
Diamond mining company ALROSA and national oil and gas firm SakhaTransNefteGaz have entered into a partnership to jointly explore hydrocarbon reserves at the Ulugur and Ergedzhei license blocks in the Republic of Sakha (Yakutia), Russia. The collaboration is carried out through a joint venture named UlugurNefteGaz, according to the company’s …
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 …
Aker BP Discovers the Hassel Gas Field in the Barents Sea
Norwegian oil and gas company Aker BP has completed drilling of exploration well 7324/8-4 (Hassel) and explored a gas reservoir in the Barents Sea, approximately 300 km from the northern coast of Norway. This was reported by the Norwegian Offshore Directorate (NOD). Hassel field According to preliminary estimates, the volume …
ExxonMobil and Partners Discovered Oil in Block 15 Offshore Angola
The Angolan National Agency of Oil, Gas and Biofuels (ANPG) reported the successful drilling of the Likembe-01 exploration well, located in the Kizomba B development zone, Block 15, operated by ExxonMobil in partnership with Azule Energy, Equinor and Sonangol. Likembe-01 is located at a depth of 1200 meters, intersecting Miocene …
Lukoil May Increase Investments In Geological Exploration By 30% In 2024
According to the head of the company’s geological exploration department, Alexander Semyanov, investments could grow to 47 billion rubles compared to 36 billion rubles in 2023. Lukoil’s investments in geological exploration may grow by 30% this year – to 47 billion rubles, compared to 36 billion rubles in 2023, follows …
Dry Again. Equinor Did Not Find Hydrocarbons In Another Well In The North Sea
Equinor drilled an exploration well in the Norwegian sector of the North Sea, which turned out to be dry. This was reported by the Norwegian Offshore Directorate (NOD). Exploration well 35/11-28 S (Harden sør): was drilled 9 km west of the Fram field to a depth of 3270 m below …
Mining Black Gold, Mining Rocks. Belarusian Oilmen About 2023 Records
2023 was a fruitful year for Belarusian oilmen in discovering new fields, as well as a record year in terms of black gold production, BelTA learned from the Belorusneft enterprise. In 2023, Belorusneft produced 1,876 thousand tons of oil. According to the company, this is a record figure for 28 …
Aker BP And Equinor’s North Sea Exploration Drilling Results Were Unsatisfactory
Norwegian oil and gas companies Aker BP and Equinor have explored new oil reserves near the Munin field in the North Sea. This was reported by the press service of the Norwegian Offshore Directorate (NOD). Exploration drilling at block 30/12 The Norwegian Ocean Industry Authority (NOIA), formerly known as the …