Alaska Will Sue Due to Lost Revenues from Oil and Gas Sections
Alaska filed a lawsuit in court, demanding compensation due to loss of income that arose as a result of withdrawal by the federal authorities for the lease of oil and gas plots concluded under the administration of the former president D. Trump. The staff published the corresponding claim document. The …
Sale of Eni and Equinor’s Onshore Assets in Nigeria Is Approved
The Nigerian Petroleum Regulatory Commission (NUPRC) has given the green light for the sale of Eni and Equinor assets to Nigeria’s Oando. The deals had been pending for months as they required approval from the Minister of Petroleum under the recently passed Petroleum Act. Approvals for ExxonMobil’s $1.3 billion sale …
KazMunayGas Introducing New Technologies to Increase Oil Production Rate at Brownfields
KazMunayGas (KMG) discussed the implementation of measures of the roadmaps for technological challenges at the company’s fields. The KMG press service reported this on June 30, 2024. Hard-to-recover reserves The main difficulties at KMG’s mature fields are associated with the development of hard-to-recover reserves (HTR). Currently: The roadmap of technological …
Kazakhstan to Compensate for Excess Oil Production Volumes by September 2025
The Ministry of Energy of the Republic noted that the country has prepared a detailed compensation plan. Kazakhstan is committed to the OPEC+ agreement and intends to compensate for excess oil production volumes by September next year. This was reported by the press service of the Ministry of Energy of …
KazMunayGas is Implementing New Technologies to Increase Average Daily Production Rate at Mature Fields
KazMunayGas (KMG) discussed the implementation of measures of the roadmaps for technological challenges at the company’s fields. This was reported by the KMG press service on June 30, 2024. Hard-to-recover reserves The main difficulties at KMG’s mature fields are associated with the development of hard-to-recover reserves (HTR). The roadmap of …
CNOOC Puts Wushi 23-5 Oil Field Into Operation
Chinese oil and gas giant China National Offshore Oil Corporation (CNOOC) has put the Wushi 23-5 oil field in the South China Sea into operation. This was reported by the company’s press service. Wushi 23-5 The company notes that this project is the first full-scale oil field of “green” design …
China Will Begin Searching for Oil and Gas at a Depth of 10 km
China is creating a new organization that will unite national oil producers and other state-owned companies to search for ultra-deep oil and gas reserves, as well as the production of other hard-to-recover reserves, CNPC said, whose statement was cited by Reuters. This is in response to President Xi Jinping’s call …
France’s TotalEnergies Is Selling Its Stake in UK Gas Fields
The British The Prax Group became the owner of the Laggan, Tormore, Glenlivet, Edradour, Glendronach fields, the onshore gas plant in Shetland, as well as nearby exploration licenses. Source
TotalEnergies Sells Its Interests in Gas Fields in the UK
TotalEnergies is selling part of its gas assets in the UK. The company’s press service reported this. TotalEnergies has signed an agreement to sell its entire interest in the West of Shetland assets in the UK to The Prax Group. It includes the Laggan, Tormore, Glenlivet, Edradour and Glendronach fields, …
CNOOC Limited Announced the Start of Oil Production as Part of the Enping 21-4 Field Development Project
The Chinese company CNOOC Limited (a subsidiary of the oil and gas giant China National Offshore Oil Corporation, CNOOC) began production as part of the Enping 21-4 oil field development project. The company’s press service reported this on June 27, 2024. Enping 21-4 Field opened in 2020; part of the …