Australian Santos Reduced Hydrocarbon Production by 2% in the First Quarter
In the first quarter of 2024, the Australian company Santos Ltd. decreased hydrocarbon production by 2% compared to the same period in 2023 – to 21.8 million barrels of oil equivalent. The company’s press service reported this. Sales volumes decreased by 3% to 23.2 million barrels of oil equivalent, and revenue fell …
Barossa Gas Project on Australia’s Continental Shelf Nears Completion
The Barossa gas project, located in the Timor Sea on the continental shelf of north-west Australia, is now 70.6% complete. The Santos company announced this on April 18, 2024 in its report for the 1st quarter of 2024. Santos theses: installation of the 262km export gas pipeline between the floating …
Oman Auctions Several Offshore Oil and Gas Blocks by 2025
Auctions for new units in Oman, which started in 2023, will now be held annually. Oman plans to auction several oil and gas blocks on the Arabian Sea shelf by the end of the year, said the head of the country’s Ministry of Energy, Salim al-Awfi. According to him, tenders …
Moldova Returned to Its Control Gas and Oil Fields in the South of the Country
We are talking about fields near the village of Viktorovka, Kantemir region, and oil fields near the village of Valen, Kagul region. The government of Moldova has returned to its control small gas and oil fields in the south of the country after the expiration of licenses for their development. …
Turkey Begins a New Project to Search for Gas in the Northwest of the Country
Ankara launches gas exploration project for $125 thousand. The Turkish state-owned company TPAO has launched drilling for exploration of gas deposits in the province of Canakkale, located in the north-west of the country. The estimated cost of geological exploration is $125 thousand, local media write. TPAO named its first exploration …
The Head of Gazprom Neft Called Increasing Oil Production a Non-Trivial Task
Demand for oil will grow beyond 2030, but ensuring an increase in its production is not an easy task, said the head of Gazprom Neft, Alexander Dyukov, in his lecture at the Russia Forum. According to him, humanity will not be able to do without oil, at least for the …
In the US the Cost of Leasing Federal Land for Oil and Gas Companies Will Increase 15 Times
The cost of leasing federal lands in the United States for oil and gas companies will increase 15 times. The Washington Post writes about this. The new rule, released April 12 by the Bureau of Land Management, will increase rents to $150,000 per unit, up from the current $10,000. The …
Baker Hughes Noted a Decline in the Number of Oil and Gas Drilling Sites in the World in March
The number of active oil and gas drilling rigs in the world fell in March due to Canada, US oil services company Baker Hughes said. On average, 1,793 installations operated around the world last month compared to 1,813 in February. At the same time, the March level is 86 lower …
NOVATEK Reports Preliminary Operating Data for the First Quarter 2024
PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the first quarter 2024. In the first quarter 2024, NOVATEK’s hydrocarbon production totaled 167.4 million barrels of oil equivalent (boe), including 21.12 billion cubic meters (bcm) of natural gas and 3.5 million tons of liquids (gas condensate and oil), resulting in an increase in total …
Norway Approves Investment In New Offshore Oil And Gas Project Bestla
Norwegian oil and gas operator DNO today announced a final investment decision for the development of the Brasse field, located in the northern North Sea. In addition to DNO Norge AS (39.3%), the Brasse partnership includes OKEA ASA (39.3%) as operator, Lime Petroleum AS (17%) and M Vest Energy AS …