In the US the Cost of Leasing Federal Land for Oil and Gas Companies Will Increase 15 Times
The cost of leasing federal lands in the United States for oil and gas companies will increase 15 times. The Washington Post writes about this. The new rule, released April 12 by the Bureau of Land Management, will increase rents to $150,000 per unit, up from the current $10,000. The …
The Share of the US Loss in Oil Production Due to Its Ban in the Arctic is Named
The introduction by the United States of a partial ban on production in the Arctic could lead to a loss of about 1.5-2% of the country’s oil production, but this is unlikely to have any tangible impact on the fuel and energy complex, this opinion was expressed by RIA Novosti …
British BP Announced the Start of Oil Production from a New Offshore Platform in Azerbaijan
The British company expects production at ACE to reach about 24 thousand barrels per day in 2024. The British company BP announced the start of oil production from a new platform in the Azerbaijani sector of the Caspian Sea. “As part of the development of the Azeri-Chirag-Gunashli (ACG) field, the …
Libya Overtook Nigeria and Became the First Country in Africa in Terms of Oil Production
For the first time in 10 years, Libya overtook Nigeria and became the first country in Africa in terms of oil production. This was reported by the economic agency Ecofin. “In the current conditions, for the first time in the last 10 years, Nigeria is having difficulty maintaining a stable …
Russia Refocuses Geological Exploration on Scarce Minerals
Russia is reorienting geological exploration to scarce types of minerals, the main task is to ensure the state’s raw material security, said the head of the Russian Ministry of Natural Resources, Alexander Kozlov. The minister congratulated geologists on their professional holiday and noted that they are always “among those who …
In Khanty-Mansi Autonomous Okrug the Demand for Geologists Has Increased by 95%
Over the three months of 2024, more than 160 new vacancies for geologists were published in the Khanty-Mansi Autonomous Okrug. This figure is 95% higher than the figure for the same period last year, hh.ru experts told URA.RU on the eve of Geologist’s Day. “In Ugra in the first quarter, …
Izhevsk Plant Localizes Hydraulic Equipment in Tatarstan
The PromGidravlika-S company from Udmurtia is going to localize the production of hydraulic equipment in Naberezhnye Chelny or Kazan. The director of the company, Alexey LIKHACHEV, spoke about this at a meeting of the Scientific and Technical Council of Tatneftekhiminvest-Holding JSC (Kazan). The company produces hydraulic cylinders for oil production, …
Baker Hughes Noted a Decline in the Number of Oil and Gas Drilling Sites in the World in March
The number of active oil and gas drilling rigs in the world fell in March due to Canada, US oil services company Baker Hughes said. On average, 1,793 installations operated around the world last month compared to 1,813 in February. At the same time, the March level is 86 lower …
Lukoil Intends to Invest 14.5 Billion Rubles in Geological Exploration in Komi and the Nenets Autonomous Okrug Over Four Years
It is planned to construct seven prospecting and five exploration wells. LLC Lukoil-Perm (a subsidiary of PJSC Lukoil) intends to invest 14.5 billion rubles in geological exploration in the Komi Republic and the Nenets Autonomous Okrug over the next four years. The company expects to annually increase 5 million tons …
NOVATEK Reports Preliminary Operating Data for the First Quarter 2024
PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the first quarter 2024. In the first quarter 2024, NOVATEK’s hydrocarbon production totaled 167.4 million barrels of oil equivalent (boe), including 21.12 billion cubic meters (bcm) of natural gas and 3.5 million tons of liquids (gas condensate and oil), resulting in an increase in total …