A Well Will Be Drilled on the Colombian Shelf at a Record Depth of 4 km
Oil companies plan to drill an offshore well in Colombia at a record depth within a few months. Occidental Petroleum and Ecopetrol want to build the Komodo–1 well by the end of the year at a depth of about 3,900 meters. It will break the current record for drilling depth …
Novoye Field Has Started Operating in Yamal-Nenets Autonomous Okrug
In this case, Novoye is also a name. Currently, there are 3 wells operating at the field, and by the end of the year, their number will more than triple. The area of the field is more than 370 square kilometers, and recoverable oil reserves in category C1 exceed 350 …
The Russian Federation Is Provided with Some Types of Strategic Minerals for No More Than 25 Years
The share of hard-to-recover reserves in hydrocarbon production is growing, according to the strategy for the development of the mineral resource base until 2050. Russia’s provision with economically viable reserves of some types of strategic and significant minerals currently does not exceed 25 years. This follows from the strategy for …
Rosneft Surveyed Sakhalin-1 for Methane Emissions for the First Time in 2023
Rosneft conducted surveys at the Sakhalin-1 project facilities for the first time in 2023 as part of a comprehensive program to detect and eliminate sources of methane emissions, the company said in its sustainable development report. The surveys were conducted both at the Odoptu and Chaivo onshore oil and gas …
American Oilfield Services Company Turns Its Gaze to the Middle East
On the eve, the American drilling rig manufacturer Helmerich & Payne announced plans to acquire British competitor KCA Deutag International Ltd., which has enough projects in the Middle East. Helmerich & Payne is not one of the “big four” oilfield services companies, for it the acquisition of a company for …
The United States Does Not Plan to Cancel Oil Production Licenses in Venezuela after the Elections
The United States does not intend to cancel the licenses previously issued by American companies in Venezuela after the presidential election in the country, a senior representative of the American administration said on Monday. The chairman of the National Electoral Council of Venezuela Elvis Amoroso previously said that according to …
Egypt Drills New Oil and Gas Wells in Hopes of Moving Away from Energy Imports
Egyptian Oil and Mineral Resources Minister Karim Badawi spoke about a new stage of hydrocarbon exploration in the country, which includes drilling 586 exploratory wells by 2030. It is planned to drill 110 wells by 2026 for $1.2 billion. By 2030, the number of wells should increase to 586, with …
Mexico’s Oil Production is Falling, and This Could Destroy the Dream of Energy Independence
The new President of Mexico, Claudia Sheinbaum, will face the need to solve a number of problems in the oil industry, which is one of the main ones in the country’s economy, writes the Reuters agency. Mexico is a major oil producer, but production at old fields, located mainly in …
The British Nostrum Oil & Gas Increased Oil and Gas Reserves in Kazakhstan by More than 5 Times
Xodus Group Limited has prepared a report that contains an independent assessment of the reserves and resources of the Stepnoy Leopard group of fields in Kazakhstan as of 1 January 2024. This was reported by Nostrum Oil & Gas PLC. In August 2023, Nostrum announced the launch of exploration and …
ExxonMobil Will Transfer Operations Management to Petronas in Two Production Projects
According to representatives of the companies, this is not a sale, the share and distribution of companies in the project will not change. However, the Malaysian media speaks with reference to sources that Exxonmobil intends to get rid of old shelf assets. The company said that it intends to continue …