gas production

Novatek could begin developing additional reserves from deep horizons of the Nadym-Pur-Taz region (Yamalo-Nenets Autonomous Okrug) within three to five years. This was stated by Ekaterina Galyan, Director of the Subsoil Use and Resource Base Management Department at the company, during the “Hard-to-Recover Reserves – Present and Future” conference. At …

Natural gas production in Russia in April reached 55.9 billion cubic meters, which is 2.4% higher than in April 2024 (54.6 billion cubic meters), according to Rosstat. The demand for gas was supported by low hydroelectric power generation (down 15% compared to the previous year) and cold weather. The figure, …

Donald Trump is encouraging Asian countries, including Japan, to participate in the construction of an LNG plant in Alaska, under the pretext of reducing the trade deficit. However, Japanese companies are skeptical about the profitability of this project, which is estimated to cost at least 44 billion US dollars, according …

Reserves, Including Offshore Fields, Gas Production in the Russian Federation May Decline by Nearly Half by 2040. Recoverable gas reserves are being depleted, and without the development of hard-to-recover reserves, including offshore fields, gas production in the Russian Federation could decrease by nearly fifty percent by 2040. This data was …

The total oil reserves of Tatneft amount to 10.5 billion tonnes. At the current production level, the company’s resources are sufficient for more than 200 years.This was stated by Nail Maganov, General Director of the company, during a shareholders’ meeting. It was clarified that out of the total oil resources …

The Rosneft Research Institute in Ufa hosted a large-scale scientific and technical conference titled “Innovative Technologies in Hydrocarbon Production” as part of the Russian Oil and Gas Chemical Forum. The conference brought together over 700 experts from leading oil industry companies representing 40 cities across Russia. More than 200 presentations …

The Abu Dhabi National Oil Company (ADNOC) of the United Arab Emirates (UAE) and ExxonMobil Corporation of the United States will work jointly to enhance oil recovery at the Upper Zakum offshore oil field, ADNOC announced following the recent visit of U.S. President Donald Trump to the Emirates. The field …

The Russian Federation and the Kingdom of Bahrain have discussed the terms of Russian energy supplies to Bahrain, as well as the possibilities for joint cooperation in geological exploration and the production of oil and gason Bahrain’s continental shelf with the participation of Russian companies, according to an official statement …

In the United States of America, the number of active oil and gas drilling rigs fell to 578 units by the end of the first week of May, down from 586 units in April. This represents the lowest level since the beginning of the current year. According to Baker Hughes, …

The authorities of the Arab Republic of Egypt have announced the discovery of three new hydrocarbon fields—including both oil and natural gas reserves—located onshore and offshore. The discoveries were made by the national oil and gas companies Khalda Petroleum Company, Petrobel, and GUPCO (Gulf of Suez Petroleum Company). It is …