Eurasia Journal News

TotalEnergies Will Increase Gas Production in Algeria

The French oil and gas company TotalEnergies has entered into an agreement with the Algerian state-owned company Sonatrach aimed at increasing gas production in Algeria, according to a press release from TotalEnergies. The agreement covers gas production at the Tin Fouye Tabankort II (TFT II) and Tin Fouye Tabankort Sud …

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Eurasia Journal News

First Gas Produced at Gorgon Stage 2 in Western Australia

Chevron said on Tuesday it has begun gas production from its Gorgon Stage 2 development project off the coast of Western Australia. The development expands the Gorgon project’s existing subsea gas gathering network, which exports LNG to customers across Asia and produces gas for the Western Australian domestic market, Chevron …

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Eurasia Journal News

Gas Reserves in Russia Will Last Another Hundred Years

Unlike Europe, where their gas quickly ran out and they had to import it further, Russia has enough reserves. There will be enough gas for another 100 years to provide the population with cheap fuel. The beginning of gas use in Russia at the end of the 19th century was …

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Eurasia Journal News

Alexander Novak Estimated Budget Revenues From the Oil and Gas Industry at 2.5 Trillion Rubles

Alexander Novak: exports of oil and gas products grew by 28% and brought the budget 2.5 trillion rubles. Last year, Russian budget revenues from the oil and gas industry grew by more than a quarter, and Russia also increased the export of oil and liquefied natural gas (LNG), Deputy Prime …

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Eurasia Journal News

Gazprom Gas Production and Supplies: Results For 7.5 Months

According to preliminary data, Gazprom produced 274.8 billion cubic meters of gas from January 1 through August 15, 2022. This is a decrease of 13.2 per cent (or 41.7 billion cubic meters) versus the same period of last year. The domestic demand for the Company’s supplies from the gas transmission system went down by 2.3 per cent (or 3.6 billion cubic meters) …

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Eurasia Journal News

Gazprom: Gas Production and Supplies, Results for 9.5 Months

According to preliminary data, Gazprom produced 399.4 billion cubic meters of gas in the first 9.5 months of 2021, which is 16.6 per cent (or 56.7 billion cubic meters) more than in the same period of last year. Gazprom ramped up its domestic supplies from the gas transmission system by 16.6 per cent …

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Eurasia Journal News

LUKOIL: Operating Results 1H 2019 – Production Up 2.8%

For the six months of 2019 LUKOIL Group’s average hydrocarbon production excluding the West Qurna-2 project was 2,352 thousand boe per day, which is 2.8% higher year-on-year. The increase was mainly driven by the development of gas projects in Uzbekistan, as well as oil production growth in Russia due to …

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Bashneft Announces Consolidated IFRS Results for 2013

Bashneft Group (further «Bashneft», «The Company», or «the Group»), which comprises JSOC Bashneft, its subsidiaries and affiliates, has released its audited consolidated financial statements for the fourth quarter and the twelve months ended December 31, 2013 prepared in accordance with International Financial Reporting Standards (IFRS) In 2013, the Group’s revenue from sales increased by 5.8% year-on-year to RUB …

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NOVATEK Reports Preliminary Operating Data for the Fourth Quarter and Full Year 2013

 NOVATEK reported today preliminary operating data for the fourth quarter and full year 2013. In the fourth quarter 2013, NOVATEK’s gross production totaled 16.42 billion cubic meters (bcm) of natural gas and 1,249 thousand tons of liquids (gas condensate and crude oil). The Company’s full year 2013 gross production aggregated …

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