Offshore Gas Production in Colombia Attracts Oil and Gas Majors
British Shell and Brazilian Petrobras have shown interest in expanding their participation in gas production projects on the shelf of the Latin American country. Shell and Petrobras are ready to work in Colombia even though the country’s current president wants to abandon fossil fuels and has stopped issuing new licenses …
Yugra Proposed to Establish a Deduction from the Severance Tax to Stimulate Exploration
The government of the region said that this will allow additional reserves to be put on the balance sheet, maintain the required level of oil production and save jobs. The Governor of the Khanty-Mansiysk Autonomous Okrug – Yugra, Natalya Komarova, proposed establishing a deduction from the mineral extraction tax (MET) …
BP and SOCAR Plan a New Stage of Exploration Work on the Shafag-Asiman Structure in the Caspian
BP has completed the interpretation of exploratory drilling data on the prospective Shafag-Asiman structure in the Azerbaijani sector of the Caspian Sea, BP-Azerbaijan told Interfax-Azerbaijan. “Analysis of the results of drilling the first exploratory well SAX01 and their interpretation were completed in the first half of this year. At present, …
Gazprom Neft Develops Green Exploration Technologies
Gazprom Neft is implementing the Green Seismic 2.0 environmentally friendly exploration technology. In the 8 years since the creation of the first generation of an innovative approach to exploration, the company has saved more than 7.5 million trees. The Green Seismic technology was created by Gazprom Neft for forest areas: …
Kalmneftegaz Will Start Oil Production at the Caspian Block in Kalmykia by the End of 2023
Kalmneftegaz received a license to develop oil and natural gas at the Caspian oil field in the Lagansky district of Kalmykia and will start production by the end of 2023. This was announced by the Minister of Natural Resources and Environmental Protection of Kalmykia Ochir Dzhambinov. Minister’s theses: – Kalmneftegaz …
3.3 Billion will be Spent on the Study of Oil and Gas Areas of Khanty-Mansi Autonomous Okrug
Geological work to be completed in 2025 Federal State Budgetary Institution “All-Russian Scientific Research Geological Petroleum Institute” announced purchases for field seismic surveys for regional geological study of the subsoil. The work will be carried out on the territory of the Khanty-Mansiysk Autonomous Okrug. The maximum cost of projects is …
Lukoil Named the Volume of Investments in Exploration and Production in 2022
Lukoil’s investments in exploration and production of hydrocarbons in 2022 amounted to more than 400 billion rubles, follows from the presentation of the company’s vice president Ilya Mandrik at the conference “Hard-to-recover reserves – the present and the future.” The materials report that the company invested more than 400 billion …
BP Expects to Complete Drilling of a New Exploration Well in Shah Deniz by 2024
By the end of 2023, BP plans to complete drilling of a new exploration well “SDX-8” at the Shah Deniz field in the Azerbaijani sector of the Caspian Sea. “This exploratory drilling program at Shah Deniz is designed for 12 months. The well is being drilled from the previously undeveloped …
Norway Starts Chasing Arctic Oil and Gas
The Norwegian government is urging energy giants to step up oil and gas exploration projects in remote regions like the Barents Sea in the Arctic, ignoring protests from climate companies as the Scandinavian country seeks to solidify its position as Europe’s biggest gas supplier. Norway overtook Russia last year as …
Norway Starts Chasing Arctic Oil and Gas
The Norwegian government is urging energy giants to step up oil and gas exploration projects in remote regions like the Barents Sea in the Arctic, ignoring protests from climate companies as the Scandinavian country seeks to solidify its position as Europe’s biggest gas supplier. Norway overtook Russia last year as …