Uzbekistan Will Attract Russian Experience In Oil Exploration
Together with Tatneft, a strategy will be developed to increase the efficiency of geological exploration. JSC Uzbekneftegaz, the largest state-owned company in Uzbekistan, intends to use international experience in the field of geological exploration. In pursuance of the instructions of the head of state to attract foreign experience, an agreement …
The Number of Oil and Gas Drilling Rigs in The World Decreased in December
The number of operating drilling rigs for oil and gas production around the world in December decreased by 55, or 3.1%, to 1,739, according to data from the American oil and gas service company Baker Hughes. Over the year, the number of operating drilling rigs decreased by 95, or 5.2%. …
Gazprom Expects Increased Investment in Hydrocarbon Production in the World
Gazprom predicts an increase in the volume of investments in the exploration and production of hydrocarbons in the world by the end of the year, and for the first time since 2019 it will exceed $500 billion, said the deputy head of the department – the head of the company’s …
In January-October, Azerbaijan Reduced Oil and Condensate Production by 8%, Gas Production – Increased by 3.4%
Oil production with gas condensate in Azerbaijan in January-October 2023 amounted to 25 million 68.2 thousand tons, which is 8% lower than the same period in 2022, the State Statistics Committee told the Interfax-Azerbaijan agency. Including, the production of commercial oil with condensate amounted to 24 million 974.4 thousand tons …
To Retain Workers in the Permian Basin, Texas Schools will be Updated
Authorities will invest in upgrading Midland schools to attract and retain family oil shale workers in the community Voters in the US have approved a $1.4 billion bond sale to repair and expand the aging, overcrowded school system in Midland, Texas, the unofficial capital of US shale oil. The initiative …
BP Begins Production at the Seagull Field in the North Sea
British BP Plc has begun production at the Seagull oil and gas field in the British sector of the North Sea. The company’s press service reported this on November 6, 2023. Seagull deposit is being developed in conjunction with the Central Process Facility (CPF) that bp operates as part of …
PDVSA and Maurel&Prom Signed an Agreement to Develop Oil and Gas Fields in Venezuela
The Venezuelan state oil company PDVSA and the French Maurel&Prom (beneficiary of the Indonesian Pertamina) signed an agreement aimed at increasing oil and natural gas production in the western region of Venezuela. This was stated by PDVSA General Director P. Tellechea. the companies have agreed to a contract that focuses …
Britain Intends to Annually Issue New Licenses for Gas and Oil Production
The UK government expects that this will reduce dependence on energy imports and also provide 200 thousand jobs The UK government intends to legislate the annual issuance of new licenses for the development of oil and gas fields to strengthen national security. This was announced by the office of Prime …
57 Years Ago the Orenburg Oil and Gas Condensate Field was Discovered
November 6 marked the 57th anniversary of the discovery of the unique Orenburg oil and gas condensate field (OGCF). The field’s reserves amounted to almost 2 trillion cubic meters of gas. In Europe it was the largest. It contains many valuable components, including ethane and helium. In 1968, the creation …
Nostrum Oil & Gas Reduced Average Daily Hydrocarbon Production by a Quarter in January-September
Average daily production of Nostrum Oil & Gas Plc in January-September 2023 amounted to 10.288 thousand barrels of oil equivalent (boe), the company said. For the same period in 2022, average daily production was 13,684 thousand boe. Thus, this year this figure decreased by 24.8%. The oil company’s average daily …