Wintershall Dea’s Net Profit for the Third Quarter Fell by 86%
Wintershall Dea’s adjusted net profit amounted to €61 million; without adjustment, the German company received a loss of €535 million While the German company is discussing with Gazprom how it can exit its assets in the Russian Federation, the report for the third quarter showed that its net profit has …
The Number of Oil and Gas Drilling Sites in the World Fell to a 14-Month Low in September
The number of active oil and gas drilling rigs worldwide fell for the second month in a row in September and is now at its lowest level in 14 months. According to the American oil services company Baker Hughes, on average 1,760 rigs were operating in the world last month …
Kuwait Signed Oil and Gas Contracts Worth $3.25 Billion
This is a significant expansion of the country’s activity in its oil and gas industry after a three-year decline Over the 8 months of 2023, the Kuwaiti authorities awarded 91 contracts to expand and improve production conditions at the country’s oil fields for a total amount of $3.25 billion, oilandgasmiddleeast.com …
Yugra is Working to Reduce Import Dependence in Oil and Gas Production
The Khanty-Mansiysk Autonomous Okrug – Ugra is forming a package of proposals related to reducing dependence on imported technologies and equipment used in oil and gas production, the head of the region, Natalya Komarova, told reporters. Prospects for the development of the oil and gas industry during a visiting meeting …
Novak: Russia is Considering Accelerating the Launch of the Yuzhno-Kirinskoye Gas Condensate Field on the Sakhalin Shelf
The Vice Prime Minister noted that the priority goal is to develop gas supply to the Komsomolsk industrial hub and Vladivostok. Russia is considering accelerating the launch of the Yuzhno-Kirinskoye gas condensate field (GCF) on the Sakhalin shelf, Russian Deputy Prime Minister Alexander Novak wrote in an article for the …
CNBC: ADNOC to Spend $1 Billion a Month on Fossil Fuels, According to Global Witness Research
CNBC has exclusively received a new analysis from Global Witness, an international non-governmental organization, that says UAE oil giant ADNOC, led by Sultan Al Jaber, who is also president of the COP28 climate conference, plans to spend an average of $1.14 billion a month just on oil production and gas …
SOCAR Starts Estimating Reserves of 27 Fields in the Caspian According to SPE-PRMS Classification
SOCAR (State Oil Company of Azerbaijan) has started estimating reserves of 27 fields in the Azerbaijani sector of the Caspian Sea according to the SPE-PRMS classification. “Within the framework of cooperation with DeGolyer and MacNaughton, the calculation (reserves -IF) of 27 fields in the Azerbaijani sector of the Caspian Sea …
Eni Starts Production at Baleine field in Ivory Coast
Italian oil and gas giant Eni has started oil and gas production at the Balein field on the continental shelf of Côte d’Ivoire. This was reported by the press service of the company. This stage came less than 2 years after opening in September 2021 and less than 1.5 years …
British Oil and Gas Company Ithaca Energy Cuts Investment Due to Excess Income Tax
Ithaca Energy, one of the UK’s largest oil and gas producers, has slashed investment and is even talking about canceling a number of projects this year and next. The reason is the excessive expenses associated with the payment of the windfall income tax, which London initiated about a year ago. …
The Number of Oil and Gas Drilling Rigs in the World Increased in July
The number of active oil and gas drilling rigs around the world rose by 20 in July compared to June, or 1.1%, to 1820, according to data from the American oil and gas service company Baker Hughes. In annual terms, the number of operating drilling rigs increased by 45, or …