Alexander Dyukov: The Peak of Technological Dependence in Prey is Passed
The point of the highest dependence of the companies in the Russian Federation on Western technologies for the extraction of hydrocarbons has been passed, said the head of Gazprom Neft, Alexander Dyukov. According to him, in the next three years it will be possible to achieve complete technological independence, writes …
Gazprom Neft Without Digital Technologies and AI Would Have Produced Half as Much Oil
The head of the company Alexander Dyukov noted that the terms of implementation of large projects would be seven to eight years, not three years. Gazprom Neft, through the use of digital technologies and artificial intelligence, was able to significantly expand the production potential, as well as increase financial indicators, …
Maxim Reshetnikov Urged to Be Prepared for Zeroing Out the Mineral Extraction Tax
The mineral extraction tax (MET) in Russia, including oil, will have to be zeroed out at some point in order to maintain production volumes; a new period of the super cycle is beginning – falling prices, said Russian Minister of Economic Development Maxim Reshetnikov. “It is very important for us …
Saudi Arabia Plans to Increase Oil Production Capacity in the Next Three Years
Energy Minister Prince Abdulaziz bin Salman noted that there are also plans to increase oil export capabilities. Saudi Arabia will increase its oil production capacity in the next three years, said Saudi Arabian Energy Minister Prince Abdulaziz bin Salman during a speech at the St. Petersburg International Economic Forum (SPIEF). …
TotalEnergies Advances Block 58 Project in Suriname
On the occasion of the Suriname Energy Oil and Gas Summit 2024, Javier Rielo, Senior Vice President Exploration & Production Americas at TotalEnergies, and Annan Jagesar, CEO of Staatsolie Maatschappij Suriname NV, the National Oil Company of Suriname, announced important steps towards a final investment decision for the development of …
Shell to Be Allowed to Drill Again on South Africa’s Wild Coast Subject to Public Consultation
The South African Court of Appeal has overturned a previous ruling and allowed Shell to explore for oil and gas on South Africa’s environmentally sensitive offshore strip along the pristine Wild Coast. There is a catch: Shell must consult with the public before starting work. In fact, the lack of …
In the Saratov Region, an Oil and Gas Company Will Invest 12.5 Billion Rubles in Production
It is planned to create about 70 new jobs. In 2024, the oil and gas company Dial Alliance will begin mining in the Yershovsky District of the Saratov Region. The total investment will amount to 12.5 billion rubles, the press service of the regional government reported. The corresponding agreement was …
Kazakhstan to Launch Large-Scale Offshore Project
In 2026, construction of offshore platforms will begin for the joint venture of KazMunayGas and LUKOIL. In Kazakhstan, development of the Kalamkas-Sea and Khazar offshore oil and gas fields is beginning. The project is planned to attract more than $6 billion in direct investment. Up to 2,000 new jobs will …
Chemical Methods of Oil Production Predicted to Have Great Potential
Gazprom Neft, Tatneft and Zarubezhneft are leaders in this area. The potential for the use of chemical methods of enhanced oil recovery (CMEOR) in Russia is estimated at more than 14 billion tons of oil. This was stated by Olga CHEBYSHEVA, Director for Development of CMEOR at Gazpromneft – Technological …
Gazprom Neft Launches 3D Printing for Oil Field Equipment
Gazprom Neft has started using a 3D printer at an oil field in the Arctic. Using the device, engineers create new parts and spare parts for upgrading equipment and repairing equipment – previously, important components had to be ordered from other regions. The project is part of Gazprom Neft’s program …