Bashneft Replenished Oil And Gas Reserves By 135% In 2023
Bashneft (part of the Rosneft structure) in 2023, due to successful geological exploration, increased hydrocarbon reserves by 24.4 million tons of oil equivalent, the production replacement rate with reserves was 135%. Every year, Bashneft ensures full replenishment of liquid hydrocarbon production due to the increase in reserves. In this way, …
Somalia Intends To Produce The First Oil In Its History By The End Of The Year
Development will be carried out at fields in the states of Galmudug, South-West and Jubaland. Somalia will begin producing oil on its territory for the first time in history later this year. This was reported by the Garowe portal with reference to the Minister of Petroleum and Mineral Resources of …
French TotalEnergies Announced The Discovery Of Another Gas Field In Cyprus
French oil and gas company TotalEnergies today announced the successful completion of drilling and production testing of the Cronos-2 appraisal well in Block 6 offshore Cyprus. TotalEnergies owns a 50% stake in Block 6 along with Italy’s Eni (50% operator). Production testing of the Cronos-2 well confirmed the presence of …
Gazprom Dobycha Orenburg LLC Completed Its Production Program For January
The indicators of own gas production amounted to 100.5%, for condensate – 113.6%, for oil – 131.8%. The target for transportation of the ethane fraction (103.9%) was also completed, exceeding the planned indicators. Source
ADNOC And BP Agreed To Create A Gas Joint Venture In Egypt
British energy company BP and Abu Dhabi (UAE) oil and gas company ADNOC have agreed to establish a joint venture (JV) in Egypt, their joint release said. “ADNOC and BP today announce that they have agreed to establish a new joint venture (JV) in Egypt,” the statement said. Initially, the …
NIOC To Close $14 Billion Worth Of Deals To Develop Iran’s Oil And Gas Fields By End Of March
The head of the National Iranian Oil Company (NIOC) said the company is set to award contracts worth $14 billion to local companies to develop the country’s oil and gas fields by the end of the current Iranian calendar year (March 19). Speaking in a television interview, Mohsen Khojasteh-Mehr said …
Australian ADX Energy Is Preparing To Drill A Well In Upper Austria
Australian oil and gas company ADX Energy has announced plans to begin drilling operations at the Welchau gas exploration project under license ADX-AT-II in Upper Austria. ADX has completed construction of the Welchau-1 well pad and plans to begin drilling the well on February 20, 2024, with the entire drilling …
Turkmenistan Has Revealed The Volume Of Oil And Gas Produced In 2023
Natural gas production in Turkmenistan in 2023 amounted to more than 80.6 billion cubic meters, oil production – over 8.3 million tons, the Russian-language government newspaper Neutral Turkmenistan reported on Saturday. The corresponding data at an extended government meeting following the results of 2023 was presented by the Chairman of …
Oil And Gas Companies Of The Russian Federation Spent 2.7 Trillion Rubles On Service Work Over The Year
The costs of Russian mining companies for oil services in 2023 increased by 12% Companies in the oil and gas sector of the Russian Federation in 2023 allocated about 2.7 trillion rubles as expenses for service services. This is almost 12% more than in 2022, writes Interfax with reference to …
Brazil Breaks Its Record For Daily Oil And Gas Production In 2023
For the first time, production exceeded the level of 4 million barrels per day in oil equivalent, the government’s National Petroleum Agency of the South American country reported. Brazil reached a record average daily oil and gas production in 2023. This was announced on Friday by the government’s National Petroleum …