Saipem Will Carry Out Marine Engineering Work in Saudi Arabia Worth about $1 Billion
The work will be carried out under two contracts at the Marjan, Zulur and Safaniya oil and gas fields. Saipem has signed two contracts in Saudi Arabia as part of its current long-term agreement with Saudi Aramco. The total value of the two contracts is about $1 billion. Under the …
The Belorusneft Fund Was Replenished with Eight New Wells in August
In the last summer month, Belarusian oilmen completed drilling 8 new wells. Five of them were built at the Rechitsky field, one each at the Hartsevskaya, Vishanskaya and Tishkovskaya squares. In August, the HSE team handed over two installed drilling rigs to colleagues from the Svetlogorsk Drilling Operations Department – …
The Number of Drilling Rigs in the World Has Continued to Grow for Three Months in a Row
The number of operating oil and gas drilling rigs in the world continues to increase for the third month in a row. This is evidenced by data from the oilfield services company from the USA Baker Hughes. In August, 1,735 drilling rigs were operating in the world, which is 22 …
Belorusneft Intends to Produce at Least Two Million Tons of Black Gold in 2025
According to the CEO, in 2024, production is expected to be at least 1 million 930 thousand tons. Already in January–August, this figure amounted to 1 million 278 thousand tons plus the same period in 2023. “These are quite serious results for our region, they exceed the level planned for …
Digitalization of Procurement, Oil Production and Field Exploration: TAGRAS Holding Will Present Technologies at Smart Oil & Gas
From September 10 to 11, Moscow will host the X Federal Forum on IT and Digital Technologies of the Russian Oil and gas industry “Smart Oil & Gas“. The event is an independent platform for discussion and exchange of experience on key issues and topical issues of digital transformation, development …
Kamala Harris Promised Not to Ban Fracking If She Wins the Election
Kamala Harris, Vice President and US presidential candidate from the Democratic Party, said that she would not ban the extraction of hydrocarbons by fracking if she won the election. “I made it clear during the 2020 debate that I would not ban fracking as vice president, and I did not …
Belorusneft Has Set a Record for Monthly Drilling of New Wells
The drillers set a new record high this morning. As told in the Well Construction Management Center of NGDU Rechitsaneft, as of 8.00 a.m., a record was set for monthly drilling of new wells by 14 drilling crews of the SUBR. “The penetration was 25,356 m. The previous record value …
The Story of Wintershall Dea, which Severed Ties with the Russian Federation, Ended with the Sale of Its Main Assets
The British independent mining company Harbour Energy has completed the purchase of the main mining assets of the German Wintershall Dea, which was the largest oil and gas company in Germany. According to the Wintershall Dea report, since September 3, Wintershall Dea‘s exploration and production business (with the exception of …
TotalEnergies Is Withdrawing from Africa
The French company TotalEnergies has announced the sale of two oil fields in Nigeria, the leader among African countries in the export of this fuel. We are talking about the Olo and Olo West blocks, which she developed jointly with the Nigerian National Oil Company, Agence Ecofin reported. According to …
Iraq Is Looking for American Investments
Iraqi Oil Minister Hayan Abdel–Ghani is traveling to the United States, where, among other things, he intends to offer American oil and gas companies to invest in the development of ten oil and gas blocks. Iraq is actively licensing its mineral resources and offering them to international investors. At least …