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 …
Oil and Gas Companies’ Investments on the Norwegian Shelf to Reach a Record High in 2024
Oil and gas companies operating on the Norwegian shelf are planning to invest NOK 247 billion (US$24 billion) in their projects in 2024, according to data from Statistics Norway following a quarterly survey of the sector. This amount is 15% higher than the 2023 level of NOK 215 billion. The …
The President of Guyana Invited Chevron to Enter into a $150 Billion Oil Production Project
Guyanese President Irfaan Ali would welcome the entry of American Chevron Corp. into the capital of the operator of the Stabroek Block oil production project off the coast of the state. Ali told the Financial Times. Stabroek Block is one of the most “cash” deposits discovered in recent decades, the …
ExxonMobil Will Explore Opportunities to Develop Hydrocarbon Resources in Algeria’s Ahnet and Gourara Basins
Algeria’s national oil and gas company Sonatrach and the American ExxonMobil have signed a Memorandum of Understanding (MoU). This was reported by the Sonatrach press service. The MoU was signed in the presence of Sonatrach CEO R. Hachichi and ExxonMobil Vice President for Exploration and New Opportunities D. Ardill. It …
Norwegians Invest as Much as Possible in Oil and Gas
Norwegian investment in oil and gas in the country will reach a record high of NOK 246.9 billion ($23.6 billion) this year and will remain high in 2025 due to a number of new developments as well as cost inflation, Reuters writes. The previous record was recorded in 2014 at …
Chinese CNOOC Will Search for Oil and Gas in Mozambique
The Chinese state oil company, specializing in offshore drilling and production, signed concessions with the Mozambique authorities for 5 offshore blocks at once. The Chinese offshore CNOOC signed concession agreements with the authorities of Mozambique for the exploration and production of oil in five offshore blocks with an area of …
Equinor Finds Oil in the Svalin Field Offshore Norway
Norwegian international energy company Equinor has made a new oil discovery under Production License No. 169 in the Norwegian North Sea after drilling well 25/11-H-1 H in the Svalin field. The well, drilled by the Deepsea Aberdeen rig, encountered oil in thin layers of sandstone with very good reservoir quality …