oil production

The Russian Federation and the Bolivarian Republic of Venezuela have reached an agreement on cooperation in the exploration and development of new oil and natural gas fields. The text of the agreement on strategic partnership and cooperation between the two countries has been published on the official website of the …

The Russian Federation Plans to Extract Oil in the Islamic Republic of Afghanistan According to statements made by Nuriddin Azizi, Minister of Industry and Trade of the Islamic Republic of Afghanistan, and the Business Representative of the Russian Federation in Afghanistan, a Russian company has already begun geological exploration activities …

The People’s Republic of China Increased Oil Production by 1.2 Percent from January to April 2025 Between January and April 2025, the People’s Republic of China increased its crude oil production by 1.2 percentcompared to the same period in 2024, while natural gas production grew by 5.3 percent, according to …

The oilfield services enterprise SpetsPromService, in which Public Joint Stock Company LUKOIL holds a 49.5 percent stake, increased its revenue six hundredfold in the year 2024, reaching 20.4 billion Russian rubles, according to a report by Kommersant. The publication notes that the revenue figures of SpetsPromService are now comparable to …

Specialists from the geophysical company TNG-Group have gained new insights into the geological structure of the southern part of the Keremetyevskoye oil field. This has made it possible to identify drilling locations. The geological team was assisted by data obtained from seismic exploration conducted in the Chelno-Vershinsky District of the …

The management company of Limited Liability Company TMS Group celebrates its 20th anniversary. Any round date is traditionally considered a milestone, providing a reason to reflect on past achievements. While twenty years may not seem like a grand milestone in the conventional sense, it offers a meaningful opportunity to summarize …

In response to the growing global demand for rare earth elements, the State Corporation Turkmengeologiya is planning to increase the volume of geological exploration work in this area, according to a statement made on Thursday by the Head of the Corporation, Gurbanguly Garlyev. “In light of the increased global interest …

Chevron Corporation is considering the possibility of drilling an exploration well in the Walvis Basin, located off the coast of the Republic of Namibia, in the year 2026 or 2027, according to a report by Reuters, citing the American oil company. Chevron’s wholly owned subsidiary, Chevron Namibia Exploration Limited, is …

Companies must pay for subsoil use based on the actual value of the mineral deposits, as this will provide an incentive for them to develop the licensed sites. This statement was made by the Deputy Prime Minister of the Russian Federation, Dmitry Patrushev, during a meeting of the Board of …

The growth of recoverable reserves of Public Joint Stock Company Surgutneftegas fully offset its hydrocarbon production in the year 2024, and the company has the same target for 2025, according to Vyacheslav Chirkov, Chief Geologist of the company, who spoke at a meeting of the Board of the Federal Agency …