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 …
Chinese CNOOC Will Search for Oil and Gas in Mozambique
The Chinese state oil company, specializing in offshore drilling and production, signed concessions with the Mozambique authorities for 5 offshore blocks at once. The Chinese offshore CNOOC signed concession agreements with the authorities of Mozambique for the exploration and production of oil in five offshore blocks with an area of …
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 …
TotalEnergies Buys Shale Gas Assets in the USA
France’s TotalEnergies has agreed to buy from Lewis Energy Group a 20% stake in the Dorado leases operated by EOG Resources (80%) in the Eagle Ford shale gas play, increasing its natural gas production capacity in Texas and strengthening the integration of the business into the LNG value chain in …
NOVATEK Reports Preliminary Operating Data for the First Quarter 2024
PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the first quarter 2024. In the first quarter 2024, NOVATEK’s hydrocarbon production totaled 167.4 million barrels of oil equivalent (boe), including 21.12 billion cubic meters (bcm) of natural gas and 3.5 million tons of liquids (gas condensate and oil), resulting in an increase in total …
TotalEnergies Increases Stake In Eagle Ford Field
The French company TotalEnergies has entered into an agreement to purchase a 20% stake in the Eagle Ford field in Texas from Lewis Energy Group (EOG Resources manages the remaining 80%). This was reported by the press service of TotalEnergies. The acquisition will allow the company to increase its U.S. …
Russia Reduced Gas Production Over 10 Months by 9.6%
It amounted to 430 billion cubic meters. m, follows from Rosstat data Russia in January – October 2023 reduced natural gas production by 9.6% compared to the same period of the previous year, to 430 billion cubic meters. m. This follows from Rosstat data. In particular, gas production in October …
Gazprom Considered That Shale Operators Had Exhausted The Potential For Increasing Production Efficiency
Shale gas operators have exhausted the potential for increasing production efficiency and rising costs will affect the liquefied natural gas produced from it, Gazprom notes. The concern’s Board of Directors heard an annual report on the prospects for the development of the shale gas and liquefied natural gas (LNG) industry …
Gazprom Expanding Production and Supply of Liquefied Natural Gas
The Gazprom Management Committee took note of the information about the ongoing work on implementing the projects for the production and supply of liquefied natural gas (LNG). It was noted that, in the northwestern part of Russia, the mid-scale Complex for LNG production, storage and shipment located near the Portovaya CS has been in operation …
Qatar Has Begun Work on Expanding the North Pars
A groundbreaking ceremony was held at the Ras Laffan Industrial Zone for the construction of facilities intended for the field expansion project. The Qatari state company QatarEnergy has begun work to increase production capacity at the North field. This was reported by the QNA news agency. A groundbreaking ceremony was …