Somalia Intends To Produce The First Oil In Its History By The End Of The Year
Development will be carried out at fields in the states of Galmudug, South-West and Jubaland. Somalia will begin producing oil on its territory for the first time in history later this year. This was reported by the Garowe portal with reference to the Minister of Petroleum and Mineral Resources of …
An Absolute Record For Daily Penetration Was Set At Belorusneft
The record was recorded at well No. 445 of the Rechitsa oil field and was carried out by the team of the Svetlogorsk Drilling Operations Department No. 9. The previous record of daily penetration of 700 m was set on December 4 last year at well No. 441 of the …
Occidental Petroleum Reduces Rig Count In Permian Basin
Occidental’s costs are reduced by drilling activity, but it will be able to cover part of the debt from the purchase of CrownRock. Capital spending on shale production and exploration will be cut by $320 million and two drilling rigs in the U.S. Permian Basin will be idled this year, …
Oilmen Used Induction Defrosting Of Wells
This made it possible to easily restart the equipment without heavy special equipment in the current frosty and snowy winter. Tatneft has found an effective way to maintain uninterrupted operation of oil production facilities during frosts. During severe frosts, freezing manifolds sometimes require restarting production and injection wells. Warming wells …
Kazakhstan Intends To Compensate For Exceeding Oil Production Obligations In January
The country’s Ministry of Energy did not provide data on how much Kazakhstan exceeded its oil production obligations in January. The Kazakh authorities will continue to fulfill their obligations to reduce oil production under the OPEC+ agreement this year. At the same time, the republic will compensate for the excess …
NIOC To Close $14 Billion Worth Of Deals To Develop Iran’s Oil And Gas Fields By End Of March
The head of the National Iranian Oil Company (NIOC) said the company is set to award contracts worth $14 billion to local companies to develop the country’s oil and gas fields by the end of the current Iranian calendar year (March 19). Speaking in a television interview, Mohsen Khojasteh-Mehr said …
Turkmenistan Has Revealed The Volume Of Oil And Gas Produced In 2023
Natural gas production in Turkmenistan in 2023 amounted to more than 80.6 billion cubic meters, oil production – over 8.3 million tons, the Russian-language government newspaper Neutral Turkmenistan reported on Saturday. The corresponding data at an extended government meeting following the results of 2023 was presented by the Chairman of …
Russia And North Korea Are Preparing Papers For Joint Exploration Of Oil And Gas On The Shelf
Russia has already received from the DPRK part of the documents necessary to begin joint offshore exploration of oil and gas fields; Moscow is awaiting the remaining package of documents from Pyongyang, Russian Ambassador to North Korea Alexander Matsegora said in an interview with RIA Novosti. Russia and the DPRK …
Oil And Gas Companies Of The Russian Federation Spent 2.7 Trillion Rubles On Service Work Over The Year
The costs of Russian mining companies for oil services in 2023 increased by 12% Companies in the oil and gas sector of the Russian Federation in 2023 allocated about 2.7 trillion rubles as expenses for service services. This is almost 12% more than in 2022, writes Interfax with reference to …
Brazil Breaks Its Record For Daily Oil And Gas Production In 2023
For the first time, production exceeded the level of 4 million barrels per day in oil equivalent, the government’s National Petroleum Agency of the South American country reported. Brazil reached a record average daily oil and gas production in 2023. This was announced on Friday by the government’s National Petroleum …