oil production

In order to increase hydrocarbon production, Egypt is forced to pay contributions to foreign oil companies to meet its gas needs. Egypt plans to return oil and gas production to normal levels from 2025 with the help of international partners, Prime Minister Mostafa Madbouli said. The government announced in March …

Gazprom Neft is starting to study the Vostochno–Terel group of fields in the Yamalo–Nenets Autonomous Okrug. The company has received licenses for three sites that will become part of a large oil production cluster in the Yamalo-Nenets Autonomous District. The Vostochno–Terel group of deposits includes the Yuzhno–Kypakynsky, Kutymsky and Yuzhno–Lensky …

Norwegian companies need to step up exploration and improve production efficiency in order to avoid a drop in oil and gas production after 2025, the Norwegian Offshore Directorate believes. Oil and gas production on the Norwegian continental shelf will reach a maximum in 2025, and then it is expected to …

During his visit to China, A. Khasenov held meetings with the heads of leading Chinese companies China National Offshore Oil Corporation International Limited (CNOOC) and CITIC Group. This is reported by the KMG press service. During the meeting, issues of implementing joint initiatives in the field of exploration, oil production …

To do this, KFU has created a model that allows evaluating the effectiveness of catalysis. Scientists at Kazan Federal University are optimizing the technology of using supercritical water to increase oil recovery using a kinetic model. The proposed model makes it possible to evaluate the effectiveness of catalytic additives. The …

Udmurtneft (a joint venture of Rosneft and the Chinese Petrochemical Corporation Sinopec) 55 years ago began the industrial development of the first oil field in Udmurtia. The production well of the Arkhangelsk field in 1969 produced a high flow rate of high-quality Devonian oil. Currently, the production fund of the …

The reservoir water desalination plant at the Karazhanbas field has reached its design capacity of 17 thousand cubic meters per day. Chairman of the Management Board of JSC NC KazMunayGas (KMG) Askhat Khasenov made a working trip to the Karazhanbas field and got acquainted with the work of the enterprise, …

Russia and Azerbaijan are considering the possibility of implementing new joint projects, including on the Caspian shelf, Russian Deputy Prime Minister Alexander Novak said. “In general, there are a number of new projects, including on the Caspian shelf, which is being considered potentially for joint implementation,“ he told RT. According …

“Representatives of Belorusneft continue their business visit to China. They are studying the experience of working with hard-to-recover unconventional hydrocarbon resources. So, they managed to visit the laboratory and research center of Xi‘an Petroleum University, where they got acquainted with the methods and equipment for conducting special studies of core, …

Quantum Capital Group, a Houston, Texas-based private investment company specializing in the energy industry, acquired the oil and gas assets of the American company Caerus Oil and Gas through two separate portfolio companies QB Energy and KODA Resources for about $1.8 billion. Colorado–based Caerus Oil and Gas (founded in 2009) …