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 …
Cyprus Is Making Another Attempt to Develop the Aphrodite Offshore Field
The Government of Cyprus has received a new plan for the development of the Aphrodite offshore field. Partners in the Aphrodite offshore project (“Aphrodite“), American Chevron, British Shell and Israeli NewMed Energy have submitted to the Cabinet of Ministers of Cyprus a new plan for the development of deposits worth …
Offshore Oil Production Is Experiencing a New Investment Boom
The global market for equipment for underwater oil production will grow by an average of 10% per year in the period from 2024 to 2027, according to the medium-term forecast of Rystad Energy. The volume of investments in this segment will increase over this period from $32 billion to $42 …
The Authorities of the KhMAO Announced the Development of New Deposits in the Arctic Zone
The authorities of the Khanty–Mansiysk Autonomous Okrug plan to develop new mineral deposits in the Berezovsky and Beloyarsk districts. This was stated by Acting Governor Ruslan Kuharuk during a meeting on support for the oil and gas industry. “The head of the region focused on the development of new territories …
New Zealand to Allow Offshore Gas Production Due to Lack of Electricity
New Zealand will lift the ban on the development of offshore oil and gas fields due to a serious shortage of energy resources. This was announced by the country’s Energy Minister Simeon Brown. According to him, due to the acute shortage of electricity, the Cabinet of Ministers of New Zealand …
Texas Will Reduce Drilling — New Mexico Will Increase
The growth of oil production in New Mexico overtakes the growth of production in other oil-bearing areas of the United States. Two counties in New Mexico – Lee and Eddy—accounted for 17% of all onshore oil production in the continental United States last year. They are expected to produce more …
Drilling Rig on the Ghana Shelf Is Waiting for an Investment Decision on the Project with LUKOIL
The final investment decision on the Pecan project offshore Ghana has not yet been accepted, but a floating drilling rig has already been brought to the site. A floating drilling rig is ready to start work at the Pecan field offshore Ghana (LUKOIL is involved in the project), but the …