Greece Moves to the Second Stage of Hydrocarbon Exploration in the Ionian Sea
A consortium of companies including Energean, ExxonMobil, and HELLENiQ ENERGY has notified the regulator of its intention to continue work under the Block 2 concession.This was reported by the Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA). During the first phase of the project, exploration activities were carried out, including …
Petrobras Discovered a New Gas Field in Colombia
The Brazilian company Petroleo Brasileiro SA (Petrobras) has discovered a new natural gas field on the continental shelf of Colombia.This was reported by the company’s press service. The discovery was made during the drilling of an exploration well within the deepwater block GUA-OFF-O. The Copoazu-1 well is located approximately 36 …
Russian Geologists Assessed the Prospects of AI Implementation in Exploration
The introduction of artificial intelligence (AI) in Russian geological exploration is transforming the industry, as it is used as a powerful tool that helps optimize processes and, in the future, will improve the accuracy of forecasts in exploration activities. However, key decisions must remain with humans, RIA Novosti was told …
RN-Uvatneftegaz Replenished Hydrocarbon Production by 109% in 2025
RN-Uvatneftegaz (part of the oil production complex of Rosneft Oil Company) increased its hydrocarbon reserves by 12 million tons of oil equivalent in 2025, replenishing production by 109%. The reserve growth was ensured by successful geological exploration activities and re-evaluation of resources at producing fields. Reserves of the new Yuzhno-Keumskoye …
Kazakhstan’s Ministry of Energy and Shell Sign Exploration Contract
The Ministry of Energy of the Republic of Kazakhstan has signed a contract with Shell Kazakhstan for geological exploration works at the Zhanaturmys subsoil area in the Aktobe region.This was reported by the ministry’s press service. The contract предусматривает the implementation of a комплекс of preparatory and research activities, including …
Gazprom Neft and Innopolis University to Create a Digital Platform for Subsurface Research
Gazprom Neft, Innopolis University, and Nedra Digital will develop a digital system for geomechanical modeling of oil and gas fields. The innovative platform based on artificial intelligence will assist in subsurface research and the selection of optimal tools for field development. Geomechanical modeling is one of the key stages in …
Russia and Turkey Ready to Identify Joint Projects in Geological Exploration
Russia and Turkey are ready to identify joint opportunities for projects in the field of geology and subsoil use. This is stated in the protocol of the meeting of the Russian-Turkish intergovernmental commission on trade and economic cooperation (the text of the document is available to TASS). “The parties declared …
Russneft to Continue Development of the Technically Challenging Vostochno-Kamennoe Field
Russneft will continue active development this year of the uniquely complex Vostochno-Kamennoe field located in Western Siberia, said company CEO Evgeny Tolochok at the annual shareholders meeting. “Russneft has entered the active phase of industrial development of the uniquely complex greenfield – the Vostochno-Kamennoe field. We have drilled new wells …
Deepwater production in the United States is more profitable than shale projects
In the spring, Chevron began developing oil and natural gas at the Ballymore deepwater field in the Gulf of America. This is just one of a series of projects in a key American oil and gas province aimed at producing an additional 300,000 barrels of oil equivalent per day by …
China’s CNPC Begins Exploration of Oil and Gas Fields in Tajikistan
Geophysical works in the form of 2D seismic surveys have begun at oil and gas fields in the southwestern regions of Tajikistan. The operations are being carried out by the China National Petroleum Corporation (CNPC), according to the press service of the Ministry of Energy and Water Resources of Tajikistan. …