Biden Will Not Give New Hydrocarbon Areas in Alaska
In the national park in Alaska, it will no longer be allowed to extract oil and gas, as well as metals, but this does not apply to the scandalous ConocoPhillips project. The US President issued a decree according to which the lease of new hydrocarbon areas in the Arctic National …
Belarusian Oilmen Set an Absolute Record in the Development of Unconventional Reservoirs
The record level was set on April 23 at the Rechitsa field, where the team worked for 33.1 days. According to the Center for Geological and Technological Support for Well Drilling at NGDU Rechitsaneft, well No. 446 was completed here. “Its target object was a pack of intersalt productive deposits. …
Italian Eni and British Ithaca Energy Combine Assets in the UK
Italian oil and gas company Eni SpA said it has signed an agreement with Britain’s largest independent oil and gas company Ithaca Energy plc to combine virtually all of its upstream assets in the UK, excluding those in the East Irish Sea and CCUS. The combination is financed by the …
China Prevents the Philippines from Extracting Oil Offshore the South China Sea
The Chinese fleet, including the coast guard, does not allow Philippine drilling ships into the waters. China does not allow the Philippines to extract oil in the South China Sea. It’s all about Beijing’s claims to the region – and its fleet of fishing boats and coast guard boats stationed …
Gazprom and Belorusneft Began Discussing the Development of Hard-to-Recover Reserves
The Gazprom delegation is headed by the company’s deputy chairman of the board, Oleg Aksyutin. The delegation of Gazprom PJSC and representatives of Belorusneft PA are discussing issues of cooperation in the field of “designing the development of hard-to-recover reserves.” The press service of the Belarusian company reported this. It …
Aker BP Commissions Hanz field in the North Sea
Aker BP has started production at the Hanz field in the North Sea. This was reported by the press service of the Norwegian company. Theses from Aker BP CEO K. Hersvik: this is another great example of what we can achieve by working as a team with our suppliers to …
Australian Santos Reduced Hydrocarbon Production by 2% in the First Quarter
In the first quarter of 2024, the Australian company Santos Ltd. decreased hydrocarbon production by 2% compared to the same period in 2023 – to 21.8 million barrels of oil equivalent. The company’s press service reported this. Sales volumes decreased by 3% to 23.2 million barrels of oil equivalent, and revenue fell …
Senegal Will Recalculate Oil and Gas Reserves, but Does Not Want to Scare Investors
The country’s new president, Bassirou Diomaye Fay, decided to conduct an audit of oil and gas reserves as one of his first steps, but immediately hastened to reassure investors, pointing out that they are welcome in Senegal. Fai noted that the use of the country’s natural resources will receive special …
Oman Auctions Several Offshore Oil and Gas Blocks by 2025
Auctions for new units in Oman, which started in 2023, will now be held annually. Oman plans to auction several oil and gas blocks on the Arabian Sea shelf by the end of the year, said the head of the country’s Ministry of Energy, Salim al-Awfi. According to him, tenders …
An Oil Field with Reserves of 10 Billion Barrels Was Discovered off the Coast of Namibia
The obtained oil samples from test wells are characterized by low viscosity and low sulfur content. A high-quality oil field with reserves estimated at approximately 10 billion barrels has been discovered offshore Namibia. This was reported by the New Era newspaper, citing data from the company Galp Energia, which is …