Rosgeo, Bashneftegeofizika And MAGE Signed A “Roadmap” For The Development Of Equipment For Geological Exploration With The Russian Government
The Government of the Russian Federation signed with Rosgeologiya, Bashneftegeofizika and the Marine Arctic Geological Exploration Expedition (MAGE) a roadmap for the development of domestic equipment for geological exploration, an Interfax correspondent reported from the signing ceremony. On the part of the government, the document was signed by First Deputy …
Perenco Refused To Join The Project In Cameroon With The Participation Of Lukoil
Another shareholder of the project, the British Bowleven, began negotiations with the joint venture partners on an updated work plan for the field. The Anglo-French company Perenco refused to buy New Age’s share in the Etinde oil and gas project in Cameroon, in which the Russian Lukoil participates. This was …
Russia Reduced Oil Production By 1% in 2023
This is due to the country’s participation in the OPEC+ agreement, noted Deputy Prime Minister Alexander Novak. In 2023, Russia reduced oil and gas condensate production by within 1%, to about 530 million tons. This happened due to the restrictions of the OPEC+ deal, Russian Deputy Prime Minister Alexander Novak …
Russia Noted An Increase in Oil and Condensate Reserves in The Arctic Zone
No new hydrocarbon deposits were discovered in the Arctic zone in 2023, but the increase in recoverable reserves at existing fields in this region amounted to 13.4 million tons of oil and condensate and 60.6 billion cubic meters of gas, the head of the State Reserves Commission (SRC) Igor Shpurov …
Orenburgneft Replenished Hydrocarbon Reserves By 168% In 2023
The Orenburgneft company, which is part of the oil-producing asset of Rosneft, replenished reserves by 168% in 2023. The company’s employees discovered one new oil field and 19 new deposits within existing fields. The total increase in recoverable reserves at the end of the year amounted to more than 16 …
Russia Has Created a Method For Monitoring Oil Production Without Expensive Sensors
Specialists from the Perm National Research Polytechnic University (PNRPU) have developed a system for monitoring and managing the operating parameters of pumps in oil production plants, replacing expensive sensors, the breakdown of which increases the financial and time costs of enterprises. The press service of the university reported this. “To …
Mining Black Gold, Mining Rocks. Belarusian Oilmen About 2023 Records
2023 was a fruitful year for Belarusian oilmen in discovering new fields, as well as a record year in terms of black gold production, BelTA learned from the Belorusneft enterprise. In 2023, Belorusneft produced 1,876 thousand tons of oil. According to the company, this is a record figure for 28 …
KazMunayGas And Eni Will Invest $300 Million in Exploration of The Kazakh Sector of The Caspian Sea
Kazakhstan is intensifying geological exploration of the Caspian Sea, which has not been carried out for the last few years, and has taken the Italian Eni as a partner. KazMunayGas and the Italian Eni plan to explore the Kazakh Caspian shelf for hydrocarbons jointly, reports 24KZ TV channel with reference …
Aker BP And Equinor’s North Sea Exploration Drilling Results Were Unsatisfactory
Norwegian oil and gas companies Aker BP and Equinor have explored new oil reserves near the Munin field in the North Sea. This was reported by the press service of the Norwegian Offshore Directorate (NOD). Exploration drilling at block 30/12 The Norwegian Ocean Industry Authority (NOIA), formerly known as the …
Kassym-Jomart Tokayev Revealed The Cost of Undiscovered Deposits in Kazakhstan
President of Kazakhstan Kassym-Jomart Tokayev, during an investment roundtable in Rome, said that the republic has more than 5 thousand undiscovered deposits worth over 46 trillion dollars. As part of his official visit to Rome, Tokayev spoke at the Kazakhstan-Italy investment round table, in which about 30 companies took part. …