Eurasia Journal News

The Arab Republic of Egypt Has Announced the Discovery of Three New Oil and Natural Gas Fields

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 …

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Eurasia Journal News

The Islamic Republic of Iran Is Ready to Increase Oil Production to the 2015 Level If Sanctions Are Lifted

The Ministry of Petroleum of the Islamic Republic of Iran has announced that Tehran is ready to quickly return to its 2015 oil production levels if international sanctions imposed on its oil sector are lifted. The ministry clarified that Iran possesses the full technical capacity to bring its currently idled …

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Eurasia Journal News

Royal Dutch Shell to Withdraw from Development of Three Natural Gas Projects in the Caribbean Waters of Colombia

The British energy corporation Royal Dutch Shell has announced its withdrawal from participation in three offshore natural gas projects located in the Caribbean Sea off the coast of Colombia, which were being developed in partnership with the state-owned company Ecopetrol. This was reported by Reuters based on official statements issued …

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Eurasia Journal News

Shell to Complete Exploration of Venezuela’s Dragon Field Before U.S. License Expires

British oil and gas company Shell plans to complete exploration activities at the Dragon gas field in Venezuela by May — the deadline set by the United States government for foreign companies to wind down operations in Venezuela’s energy sector, according to Reuters sources. According to data from LSEG, in …

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Eurasia Journal News

Russia Increased Gas Production in January-April by 8.8%

In particular, gas production in April amounted to 46 billion cubic meters. In January-April 2024, Russia increased natural gas production by 8.8% compared to the same period in 2023, to 210 billion cubic meters. This follows from Rosstat data. In particular, gas production in April amounted to 46 billion cubic …

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Eurasia Journal News

ADNOC Will Buy 10% of Galp’s Shares in the Zone 4 Concession in Mozambique

Abu Dhabi’s national oil company ADNOC has agreed to acquire a 10% stake in Portugal’s Galp Energia’s Zone 4 concession in the gas-rich Rovuma Basin in Mozambique. The Zone 4 concession is located offshore Cabo Delgado Province in northern Mozambique and is managed by Mozambique Rovuma Venture (70%), owned by …

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Eurasia Journal News

Russia Increased Gas Production in the First Quarter by 10.6%

The production of liquefied natural gas in January – March 2024 amounted to 9 million tons, according to Rosstat data. In the first quarter of 2024, Russia increased natural gas production by 10.6% compared to the same period of the previous year, to 164 billion cubic meters. This follows from …

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Eurasia Journal News

Gazprom: Expanding Production and use of Liquefied Natural Gas

The Gazprom Board of Directors expressed its approval of the Company’s ongoing projects for the production and supply of liquefied natural gas (LNG). It was noted that the Company’s work in this promising direction will make it possible to strengthen the position of Gazprom in foreign markets and address in a more flexible manner the tasks related to providing reliable gas supplies to domestic consumers. …

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Eurasia Journal News

Gazprom: Aiming to Expand Liquefied Natural Gas Production for Foreign and Domestic Markets

The Gazprom Management Committee took note of the information about the progress of the projects for the production and supply of liquefied natural gas (LNG). It was noted that the Company’s work in this promising direction will make it possible to strengthen the position of Gazprom in foreign markets and address in a more flexible manner the tasks related to providing reliable gas supplies …

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Eurasia Journal News

Gazprom: Developing Liquefied Natural Gas Business Amid Rising Demand

The Gazprom Board of Directors took note of the information about the prospects of the shale gas and LNG sectors around the world, as well as the opportunities and threats facing the Company. It was noted that, according to most projections, global shale gas production was likely to be concentrated primarily in North America in the mid- and long term. In 2016, the increase in shale gas …

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