Taimyr Region Receives New Confirmation of High Oil and Gas Potential
The Federal Agency for Subsoil Use of the Russian Federation (Rosnedra) and the Russian State Geological Holding (Rosgeologia) have reported significant results from the state geological exploration program conducted in the central part of the Yenisei-Khatanga Trough, located in the northern area of Krasnoyarsk Krai. During the drilling of the …
Uzbekistan Increases Coal Production but Reduces Oil and Gas Output in the First Quarter of 2025
In the first quarter of 2025, the mining industry of Uzbekistan produced goods worth 18.3 trillion Uzbek sums, accounting for 8.7 percent of the country’s total industrial production volume, according to the national statistics agency, as reported by Sputnik Uzbekistan. The highest growth was recorded in coal production, which reached …
Bloomberg: Canada Will Limit Oil Production
The number of licenses issued for new natural gas wells in Canada during the first quarter of 2025 increased by 26 percent compared to the previous quarter, reaching 308 licenses, which is the highest quarterly figure recorded over the past two years. Meanwhile, the number of licenses for oil wells …
Public Joint Stock Company Tatneft Will Process 70 Percent of Its Own Oil
Public Joint Stock Company Tatneft Will Process 70 Percent of Its Own Oil and Develop Petrochemicals for Further Diversification Public Joint Stock Company Tatneft plans to increase the share of its own oil processing from the current 60 percent — already the highest rate in the Russian Federation — to …
UAE Company Acquires Part of Former Glencore Stake in RussNeft
United Arab Emirates-Based Company Acquires Part of Former Glencore Stake in Public Joint Stock Company RussNeft. A company based in the United Arab Emirates, OCN International DMCC, has acquired a 16.33 percent stake in the ordinary shares of Public Joint Stock Company RussNeft, according to official corporate documentation. As reported …
Lukoil Reduces Oil Production by 2.6 Percent in 2024
According to its annual report, Russian oil company Lukoil reduced its oil and condensate production in 2024 by 2.6 percent, excluding the West Qurna-2 project, to 80.4 million metric tons. Production within the Russian Federation also declined by 2.6 percent, totaling 76.5 million metric tons, which accounted for approximately 15 …
Shell to Complete Exploration of Venezuela’s Dragon Field Before U.S. License Expires
British oil and gas company Shell plans to complete exploration activities at the Dragon gas field in Venezuela by May — the deadline set by the United States government for foreign companies to wind down operations in Venezuela’s energy sector, according to Reuters sources. According to data from LSEG, in …
ALROSA and SakhaTransNefteGaz to Develop Hydrocarbon Fields in Yakutia
Diamond mining company ALROSA and national oil and gas firm SakhaTransNefteGaz have entered into a partnership to jointly explore hydrocarbon reserves at the Ulugur and Ergedzhei license blocks in the Republic of Sakha (Yakutia), Russia. The collaboration is carried out through a joint venture named UlugurNefteGaz, according to the company’s …
Drilling Mud to Become a Data Carrier for Subsurface Information
Drilling Mud Transformed into a Real-Time Data Channel by Perm Polytechnic Researchers A team of scientists from Perm National Research Polytechnic University (PNRPU) has developed a groundbreaking technology that turns drilling mud into a data transmission channel, enabling the transfer of real-time information from deep within oil wells. This innovation …
Gazprom Neft to Establish a Network of Test Sites in Western Siberia for Hard-to-Recover Oil Technologies
Gazprom Neft has received new licenses for the establishment of technology test sites dedicated to piloting domestic solutions for the development of hard-to-recover oil reserves (HRR). This initiative will enable the company to create the largest network of such sites in Russia, accelerating the deployment of advanced approaches to unconventional …