Oil and Gas Production on the Norwegian shelf Will Peak in 2025
Norwegian companies need to step up exploration and improve production efficiency in order to avoid a drop in oil and gas production after 2025, the Norwegian Offshore Directorate believes. Oil and gas production on the Norwegian continental shelf will reach a maximum in 2025, and then it is expected to …
KazMunayGas and China’s CNOOC to Conduct Exploration in Kazakhstan
During his visit to China, A. Khasenov held meetings with the heads of leading Chinese companies China National Offshore Oil Corporation International Limited (CNOOC) and CITIC Group. This is reported by the KMG press service. During the meeting, issues of implementing joint initiatives in the field of exploration, oil production …
KazMunayGas Plans to Produce an Additional 70 Million Tons of Oil Due to Hard-to-Recover Reserves
Kazakh oil company KazMunayGas JSC (KMG) intends to increase production in the future due to hard-to-recover oil, new technologies will be used for this. This was announced by the company‘s press service. “Regarding the increase in production, it was noted that 50% of oil reserves are difficult to recover. The …
With the Support of Rosneft, Research on the Continental Shelf in the Arctic Ocean continues
With the support of Rosneft within the framework of the strategic initiative of the Ministry of Natural Resources of Russia “Geology. The Rebirth of the Legend“ the exploration of the continental shelf in the Arctic Ocean continues. The day before, a specialized scientific research drilling vessel “Bavenit“ left the port …
Rusgeology Is Embarking on a New Stage of Research on the Continental Shelf in the Arctic
The holding company noted that for many years Russian geologists have been successfully carrying out work on the study of the outer underwater margin of the continent in the Arctic Ocean by various methods, including remote integrated geophysical studies and direct sampling of rocks Rusgeology is embarking on a new …
Gazprom Will Allocate Funds for the Exploration of Mineral Resources in the Irkutsk Region
Gazprom will allocate 3.5 billion rubles for the geological exploration of the subsoil at the Lithium site in the Irkutsk region, including the search and evaluation of industrial groundwater deposits, follows from the state register of works. The project card indicates that sampling of rocks and minerals will be carried …
Novoye Field Has Started Operating in Yamal-Nenets Autonomous Okrug
In this case, Novoye is also a name. Currently, there are 3 wells operating at the field, and by the end of the year, their number will more than triple. The area of the field is more than 370 square kilometers, and recoverable oil reserves in category C1 exceed 350 …
Mexico’s Oil Production is Falling, and This Could Destroy the Dream of Energy Independence
The new President of Mexico, Claudia Sheinbaum, will face the need to solve a number of problems in the oil industry, which is one of the main ones in the country’s economy, writes the Reuters agency. Mexico is a major oil producer, but production at old fields, located mainly in …
Rosgeo and the Ministry of Mining of India Discussed the Prospects for Cooperation in Geological Exploration
On July 18, 2024, a meeting of the leadership of Rosgeology with a delegation of the Republic of India was at the head of the Deputy Minister of the Ministry of Mining of the Government of India Kantha RAO. The meeting on the Indian side was attended by the Deputy …
Chevron and QazaqGaz to Conduct Exploration Work at the Zhalibek Subsoil Site in Kazakhstan
Kazakhstan national company QazaqGaz and Chevron (through its subsidiary Chevron Munaygaz Inc.) signed a cooperation agreement on geological exploration work (GEW) at the Zhalibek subsoil site in the Aktobe region near the Zhanazhol and Urikhtau fields. This was reported by the press service of QazaqGaz. It is noted that negotiations …