Copper Catalysts Will Facilitate In-Situ Combustion
The technology of Kazan scientists can be used to develop difficult oil. Kazan Federal University has developed a new catalyst for heavy oil production based on organic copper salts. Specialists from the world-class Scientific Center (NCMU KFU) have proven that this substance increases oil recovery and stabilizes the combustion front …
Acquisition Fever Intensifies in US Permian Shale Basin
Mergers and acquisitions (M&A) are picking up pace in the Permian, the largest oil basin in the United States. The reason for the increase in the number of mergers and acquisitions is simple: large companies want the fastest way to replenish their reserves for production, compensating for the depletion of …
Saudi Arabia Will Continue to Voluntarily Reduce Production by 1 Million Bpd Until the End of the Year
Prior to this, the voluntary reduction was initially calculated for July, and then extended to August and September Saudi Arabia has decided to continue implementing measures to voluntarily reduce oil production by 1 million barrels per day (b/d) until the end of 2023. This was reported by the Saudi Press …
Trump Promised that the United States Will Surpass Russia and Saudi Arabia in Oil Production
According to the former President of the United States, the country will dominate the energy sector within a few months of his re-election as head of state. Former US President Donald Trump said that if he wins the presidential election, he will ensure that the country produces more oil than …
American Chevron is Ready to Drill New Wells in Venezuela
The American company wants to increase production in the Latin American country by another 65,000 bpd by the end of 2024 Currently, Chevron and Venezuela’s PDVSA together produce about 135,000 b/d. Washington’s permission to operate an American company in Venezuela is gradually raising the country’s oil production from its knees. …
How Many Years Will Black Gold Reserves Last? “Belorusneft” About the Potential of the Fields
Belorusneft aims to increase its geological resource base and compensate for the extracted volumes of black gold. Deputy General Director for Production Denis Vorobyov told reporters about this, BELTA correspondent reports. At the present stage, oil producers are increasing their oil production volumes every year. “Today on the agenda is …
The Oil Industry of Kazakhstan Reached the Planned Production Level for the First Time Since May
Oil and gas condensate production in the republic amounted to 256 thousand tons Daily oil production in Kazakhstan, after a decline due to accidents in the energy system, has stabilized for the first time since May and reached planned levels. This was reported by the Situational Analytical Center of the …
A Subsidiary of Belorusneft in Ecuador Produced 4 Million Barrels of Hydrocarbons
Belorusneft’s subsidiary in Ecuador has produced 4 million barrels of hydrocarbons since the start of the international project, BELTA learned from the company. Initially, the interest was bilateral, since international cooperation in this format is an opportunity to expand professional competencies for Belarusian and Ecuadorian oil workers. According to the …
RussNeft Expects a Reduction in Oil Production by Five Percent
RussNeft expects oil production to decline in 2023 due to OPEC+ decisions by 5%, to 6.4 million tons, company president Evgeny Tolochek told reporters on the sidelines of the Tyumen Industrial and Energy Forum. Answering the question by how much the company’s oil production could decrease in 2023, he said: …
Indian ONGC Said It Wants to Get a Share of the Oil Produced at Sakhalin-1
CEO of ONGC’s investment division Rajarshi Gupta believes that negotiations with the Russian side and other shareholders could last six months The Indian company ONGC intends to produce oil as part of its share in the Sakhalin-1 project and expects that negotiations on this could take up to six months. …