Novak: Voluntary Decision to Reduce Oil Production will be Reviewed Monthly
The voluntary cut in oil exports from Russia by 300,000 barrels per day will be extended until the end of December 2023. This was stated by Deputy Prime Minister Alexander Novak. Thus, our country minimizes the risks of lower oil prices. According to the Deputy Prime Minister, the additional voluntary …
Samara Subsidiary of Rosneft Replenished Reserves by 246%
Samaraneftegaz discovered 20 new hydrocarbon deposits in the fields under development in 2022. The rate of production replenishment by the growth of oil reserves reached 246%. The Devon news agency learned about this from a message from the press service of Rosneft Oil Company. Last year, Samaraneftegaz drilled about 200,000 …
Saudi Arabia Extends Oil Production Cut by 1 Million b/d Until the End of the Year
Prior to this, the voluntary reduction was calculated first for July, and then extended to August and September Saudi Arabia has decided to extend the voluntary cut in oil production by 1 million barrels per day (b / d) until the end of 2023. This was reported by the Saudi …
Brazilian Petrobras Announces New Upstream Policy
Brazil’s state oil company Petrobras said Monday it has decided to suspend the sale of some key assets. The oil giant said it would no longer sell the Uruk and Bahia Terra clusters, as well as the Manati oil field and its subsidiary Petrobras Operaciones in Argentina. The asset sale …
Cumulative Oil Production of Samaraneftegaz Exceeded 1.3 Billion Tons
Samaraneftegaz (part of the Rosneft oil and gas production complex) has produced 1.3 billion tons of oil since the start of production in 1936. High production performance was achieved through the creation of a developed infrastructure for oil and gas production, the use of modern technologies, and the development of …
New Records. “Belorusneft” Will Increase about 2.3 Million Tons of Recoverable Oil Reserves by the End of the Year
Belorusneft intends to increase approximately 2.3 million tons of recoverable oil reserves by the end of 2023. These forecasts were shared with journalists by the Deputy General Director of Belorusneft for Geology Petr Povzhik on the eve of the Day of Oil, Gas and Fuel Industry Workers, BelTA has learned. …
Northern Asset of Belorusneft Discovered New Deposits of Oil and Natural Gas
The northern subsidiary of Belorusneft discovered new deposits of oil and natural gas. Andrei Bokhan, Chairman of the Supervisory Board of the Yangpur Oil Company (a subsidiary of Belorusneft in Western Siberia), told journalists about this, BelTA has learned. The company has been developing the Metelnoye oil and gas condensate …
“Belorusneft”: the Increase in Recoverable Reserves of Black Gold over 5 Years Amounted to Almost 9 Million Tons
The increase in recoverable oil reserves for 2018-2022 amounted to almost 9 million tons. Such data were announced to journalists by the Deputy General Director of Belorusneft for Geology Petr Povzhik on the eve of the Day of Oil, Gas and Fuel Industry Workers, BELTA has learned. Separately, Petr Povzhik …
“Belorusneft” Spoke about the Records for the Production of Black Gold and Gas
On the eve of the professional holiday – the Day of Oil, Gas and Fuel Industry Workers – Member of the Council of the Republic of the National Assembly of Belarus, Director General of Belorusneft Alexander Lyakhov spoke about records in oil and gas production, the maximum drilling volumes over …
Yugra Proposed to Establish a Deduction from the Severance Tax to Stimulate Exploration
The government of the region said that this will allow additional reserves to be put on the balance sheet, maintain the required level of oil production and save jobs. The Governor of the Khanty-Mansiysk Autonomous Okrug – Yugra, Natalya Komarova, proposed establishing a deduction from the mineral extraction tax (MET) …