Gazprom Neft Introduces Technological Start-Ups of Students and Young Scientists
Gazprom Neft has identified the finalists of the second stream of the accelerator of student projects “Industries“. The company will help implement dozens of initiatives of technology entrepreneurs who will have the opportunity to test and implement their developments in real production. Students and young scientists from all over Russia …
Oil Resource Group Trader Will Create a Service “Daughter” in the Field of Oil and Gas Production
Oil Resource Group LLC (ORG), engaged in the fuel trade, will create a service “daughter“ that will provide services in the field of oil and natural gas production, the ORG said in a statement. The decision to create a new legal entity, which will be named Oil Resource Nefteservice LLC, …
Baker Hughes and Iraq to Sign Memorandum on Investments in the Country’s Gas Sector
The American oilfield services company Baker Hughes Co. is preparing to sign a memorandum on investments in the Iraqi gas sector, the office of Prime Minister of the Republic Mohammed al–Sudani said after his meeting with CEO Lorenzo Simonelli. The draft agreement includes plans for the construction of a gas …
Gazprom Neft Called for Further Expansion of the Tax Regime of the AIT
Gazprom Neft stands for further expansion of the additional income tax regime, this will improve the economics of oil production projects, the head of the company Alexander Dyukov told reporters on the sidelines of the WEF. “The AIT is an excellent tax tool that has already proven to be highly …
Kazakhstan Compensates for Overproduction of Oil at Kashagan
The Kazakh authorities intend to compensate for a significant amount of overproduction of oil during repairs at the Kashagan field in October. This was reported by the press service of the Ministry of Energy of Kazakhstan. “The government has denied information about the postponement of repairs at the Kashagan field. …
In Ugra, It Was Proposed to Introduce Benefits for Exploration and Production of Hard-to-Recover Oil
According to the Federal Agency for Subsoil Use, in Russia over the past nine years, the volume of hard-to-recover oil reserves (TRIZ) has increased by 3.8 billion tons, an annual increase of three percent on average. In Western Siberia, 37 percent of the resources belong to this category. In the …
Belorusneft Drillers Set a New Record
A new bar has been reached today during the drilling of well No. 491 Rechitskaya Square. The record holder was drilling team No. 1, which passed 4,313 m of rocks in 24 days of drilling. Before that, the production peak was 4,258 m, set by the employees of drilling crew …
LetterOne Received 15% in Harbour Energy after Closing the Wintershall Deal
LetterOne International Investment Group, founded by Russian entrepreneurs Mikhail Fridman, Peter Aven and Alexey Kuzmichev, has received a 15% stake in the Scottish oil production company Harbour Energy. According to a statement released by Harbour Energy, on Wednesday the company closed a deal to acquire assets of the German Wintershall …
Nigeria Wants to Attract Russian Companies to Oil and Gas Projects
Nigeria should involve Russian companies in its projects for the exploration and development of oil and gas fields, Director General of the Women‘s Chamber of Commerce, Industry, Mining and Agriculture of Nigeria Oritseveyinmi Eribo told RIA Novosti. In June 2023, the Permanent Secretary of the Ministry of Petroleum and Natural …
The Ministry of Natural Resources Is Working on the “Continental Shelf” Project
The Ministry of Natural Resources of the Russian Federation is still deciding whether the Continental Shelf project will be a separate federal project or will be included in existing programs, Minister of Natural Resources and Ecology Alexander Kozlov told RIA Novosti at the Eastern Economic Forum. “We are currently working …