Qatar Will Develop a Joint Gas Field With Iran
Qatar’s Emir Tamim bin Hamad Al Thani laid the foundation stone for the Northern Dome expansion project on Tuesday morning. In a post on social media platform X, the Emir of Qatar said the groundbreaking for the Northern Dome expansion project was laid today, which is in line with Qatar’s …
TotalEnergies Plans to Increase Hydrocarbon Production by 2-3% Per Year Until 2028
The company will focus on large LNG projects French energy company TotalEnergies plans to increase hydrocarbon production by 2-3% annually until 2028, focusing on developing supplies of liquefied natural gas (LNG). The company provides such data in its presentation of the 2023 strategy. “By dramatically reducing emissions from its operations, …
United States Imposed Sanctions Against a Number of Oilfield Companies in the Russian Federation
The United States imposed sanctions against the next companies in the Russian oilfieldings, the Office of the American Ministry of Finance (OFAC) said. Velesstroy LLC, one of the largest contractors for the construction of oil and gas infrastructure, fell under the restrictions. Earlier, the company introduced a number of key …
American Chevron increases gas production capacity in Australia
American oil and gas company Chevron is increasing gas production capacity in Western Australia, according to a company press release. “Gas production capacity in Western Australia is growing as a result of technical improvements … aimed at increasing the level of production of Wheatstone gas near the city of Onslow,” …
TotalEnergies and Inpex Secure Two Gas Fields off the Coast of Australia
The French and Japanese companies will receive 26% and 74% of the assets of the Ichthys LNG project off the west coast of Australia. It is believed that the involvement of large companies will ensure the sustainability of LNG production in the western part of the country. Permits for the …
Irkutsk Oil Company Explores the Possibility of Building an LNG Plant in Ust-Kut
The Irkutsk Oil Company is exploring the possibility of building a plant for the production of liquefied natural gas (LNG) in Ust-Kut. This was reported to journalists by the head of the INC, Yakov Ginzburg. “Now we are considering the construction of an LNG plant in Ust-Kut, the estimated processing …
Yamal LNG Produces its Billionth Cubic Meter of Tight Gas from Jurassic Reservoirs
PAO NOVATEK (the “Company”) announced that the Company’s joint venture Yamal LNG has produced its billionth cubic meter of gas from the South-Tambeyskoye gas and condensate field’s Jurassic reservoirs on the Yamal Peninsula since the start of production of Jurassic gas in 2020. The Jurassic program, which is one of …
Gazprom Neft and Rosmorport Expand Cooperation on the Decarbonization of Shipping
Gazprom Neft and Rosmorport have entered into a long-term agreement to expand the use of low-carbon marine fuels in the Baltic Sea. The partnership between the two companies provides for regular refueling with liquefied natural gas (LNG) of ships on the St. Petersburg-Kaliningrad ferry line. For the supply of environmentally …
Shell to Merge LNG and Upstream Business
Shell will merge its oil and gas and LNG operations as part of changes made by CEO Wael Sawan to the structure of the energy giant. The new division, which brings together Shell’s most profitable operations, will be led by Exploration and Production Director Zoya Yujnovich, Shell said in a …
Alexander Novak Estimated Budget Revenues From the Oil and Gas Industry at 2.5 Trillion Rubles
Alexander Novak: exports of oil and gas products grew by 28% and brought the budget 2.5 trillion rubles. Last year, Russian budget revenues from the oil and gas industry grew by more than a quarter, and Russia also increased the export of oil and liquefied natural gas (LNG), Deputy Prime …