Lukoil Named the Volume of Investments in Exploration and Production in 2022
Lukoil’s investments in exploration and production of hydrocarbons in 2022 amounted to more than 400 billion rubles, follows from the presentation of the company’s vice president Ilya Mandrik at the conference “Hard-to-recover reserves – the present and the future.” The materials report that the company invested more than 400 billion …
Rosneft Has Reduced the Cost of Hydrocarbon Production in Russia
Rosneft, thanks to strict cost control in the first quarter of 2023, reduced operating costs for hydrocarbon production in Russia by 5% qoq to less than $3 per barrel of oil equivalent, the company said. “The company is systematically working to reduce operating costs to a minimum level, despite the …
Daily Production at Sakhalin-1 Increased by 1.8 Times, Igor Sechin Said
Daily production at Sakhalin-1 increased by 1.8 times in the first quarter, becoming the driver for the growth of Rosneft’s hydrocarbon production, but the forced shutdown of the project due to the departure of the American ExxonMobil had a negative impact on the technical conditions for field development, the head …
Rosneft Increased Hydrocarbon Production by 1.3 Percent
Rosneft in the first quarter of 2023 increased hydrocarbon production by 1.3% compared to the previous quarter, to 5.6 million barrels of oil equivalent per day, the company said. “Hydrocarbon production in the first quarter of 2023 reached 5.6 million barrels of oil equivalent per day, an increase of 1.3% …
Rosneft Increased Gas Production by 2.7 Percent
Rosneft increased gas production by 2.7% in the first quarter of 2023, to 1.5 million barrels of oil equivalent per day, the company said. “The company’s average daily gas production in the first quarter of 2023 reached 1.5 million barrels of oil equivalent per day, exceeding the figure for the …
Norway Starts Chasing Arctic Oil and Gas
The Norwegian government is urging energy giants to step up oil and gas exploration projects in remote regions like the Barents Sea in the Arctic, ignoring protests from climate companies as the Scandinavian country seeks to solidify its position as Europe’s biggest gas supplier. Norway overtook Russia last year as …
Gazprom Dobycha Orenburg Has Completed a Production Program for April and From the Beginning of 2023
Gazprom Dobycha Orenburg has completed a production program for the extraction and transportation of hydrocarbon raw materials and finished products for April and from the beginning of 2023. The gas production indicator was 105.1 percent with respect to the planned task, condensate – 109.0 percent, oil – 123.8 percent. The …
Oil Production in Yakutia in the 1st Quarter of 2023 Increased by 11%
Oil production in Yakutia in the 1st quarter of 2023 amounted to 5.1 million tons, which is 11% higher than the level of the same period in 2022. This was reported in the Ministry of Industry and Geology of Yakutia. Recall that in 2022 Yakutia reached record levels of oil …
Vladimir Putin Explained the Reduction in Gas Production
Oil and gas revenues are lagging behind the plan, Siluanov said. Putin replied that although the price of gas “has dropped a little” and production is declining, the situation is “absolutely stable” Russia has set a certain price for gas and reduced production, but these actions are connected with the …
Iraq Invited International Companies to Develop Oil and Gas Fields
Iraqi Oil Minister Hayan Abdel Ghani has invited international companies to bid for investment projects to develop 13 fields and exploration sites in the country’s northern, central and southern provinces, the oil ministry’s press office said in a statement to RIA Novosti. “The Ministry seeks to increase oil and gas …