ExxonMobil Will Continue Development of Whiptail, the Sixth Project in the Stabroek Block Offshore Guyana
ExxonMobil said it has made a final investment decision to proceed with the development of Whiptail, the sixth project in the Stabroek block in Guyana, following receipt of the necessary government and regulatory approvals. The Whiptail project, which will use a FPSO (product storage and offloading vessel), will require an …
Oil Production in Iran Reached 3.25 Million Barrels Per Day in March
The US Energy Information Administration (EIA) announced in its latest report that Iran produced 3.25 million bpd of oil in March 2024, an increase of 20,000 bpd from the previous month. According to the EIA report, oil production in Iran in February amounted to 3.23 million barrels per day. Iran …
CNPC Specialists Have Begun Geological Exploration Work in the Southwest of Tajikistan
The China National Petroleum Corporation (CNPC) has begun implementing a project for the exploration and production of new hydrocarbon deposits in southwest Tajikistan. This was announced by CNPC General Director B. Deji. On April 11, 2024, the launch ceremony of the project for the development of new fields in southwestern …
The Head of Gazprom Neft Called Increasing Oil Production a Non-Trivial Task
Demand for oil will grow beyond 2030, but ensuring an increase in its production is not an easy task, said the head of Gazprom Neft, Alexander Dyukov, in his lecture at the Russia Forum. According to him, humanity will not be able to do without oil, at least for the …
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, …