oil production

Shale oil reserves in the southeastern Diyarbakir Basin of the Republic of Türkiye are estimated at 6.1 billion barrels, according to assessments by Continental Resources, a U.S.-based oil company. This was announced by the Minister of Energy and Natural Resources of Türkiye, who noted that such a volume of resources …

The Russian Federation and the Kingdom of Bahrain have discussed the terms of Russian energy supplies to Bahrain, as well as the possibilities for joint cooperation in geological exploration and the production of oil and gason Bahrain’s continental shelf with the participation of Russian companies, according to an official statement …

Gazprom Neft has published its consolidated condensed interim financial statements for the first quarter of 2025, prepared in accordance with International Financial Reporting Standards (IFRS). Despite macroeconomic headwinds, inflationary pressure, and an increase in the tax burden, the company achieved strong operational performance during the reporting period. Revenue for Q1 …

The subsidiaries of Joint Stock Company NNK (Independent Oil and Gas Company) operating in the Saratov Regionhave been conducting highly efficient geological exploration activities at the company’s licensed areas for more than ten years. The discovery of the oil field became possible thanks to the well-coordinated efforts of the enterprise’s …

Chevron Corporation of the United States and European energy companies are currently engaged in negotiations with the administration of President Donald Trump to retain their stakes in joint ventures with PDVSA, the state-owned oil and gas company of the Bolivarian Republic of Venezuela, according to a report by Reuters. The …

The Republic of India is offering the Russian Federation access to 200,000 square kilometers of its territory for oil and gas exploration. This was announced by Hardeep Singh Puri, the Minister of Petroleum and Natural Gas of the Republic of India. “We are offering 200,000 square kilometers for drilling in …

In the United States of America, the number of active oil and gas drilling rigs fell to 578 units by the end of the first week of May, down from 586 units in April. This represents the lowest level since the beginning of the current year. According to Baker Hughes, …

The authorities of the Arab Republic of Egypt have announced the discovery of three new hydrocarbon fields—including both oil and natural gas reserves—located onshore and offshore. The discoveries were made by the national oil and gas companies Khalda Petroleum Company, Petrobel, and GUPCO (Gulf of Suez Petroleum Company). It is …

Specialists from RN-Purneftegaz, a subsidiary of the oil and gas production division of Public Joint Stock Company Rosneft, have successfully implemented an innovative domestically developed surface-mounted pressure regulation system for injection wells. The economic effect of this innovation amounts to 12 million Russian rubles per year per well. The system …

It is necessary to fine-tune the tax system in the Russian Federation in order to stimulate the development of hard-to-recover oil reserves, as this will make investments in both reserves and technologies economically viable, according to Alexander Novak, Deputy Prime Minister of the Russian Federation. “As of today, hard-to-recover, high-water-cut, …