Eurasia Journal News

Gas Reserves in Russia Will Last Another Hundred Years

Unlike Europe, where their gas quickly ran out and they had to import it further, Russia has enough reserves. There will be enough gas for another 100 years to provide the population with cheap fuel. The beginning of gas use in Russia at the end of the 19th century was …

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Conference and Exhibition News and UpdatesEurasia Journal News

8th KDR Well Engineering Forum Travels to Aktau in 2023!

After returning “onsite” to Astana for the first time since the pandemic in November last year, the team have been working on a quick turnaround and KDR 2023 will go “on the road” for the first time since our launch in 2015. We will be hosting the forum on the …

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Eurasia Journal News

Oil Production in Komi increased by 7%

In 2022, 14.3 million tons of oil with gas condensate were pumped out in the Komi Republic. This is 7.6% more than in 2021. The main growth in oil and gas condensate production (9%) was accounted for by OOO LUKOIL-Komi and NNK-Severnaya Neft (+17.5%). It is reported by Komionline. Gas …

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Eurasia Journal News

BP Noted the Need to Continue Investing in Oil and Gas Production

BP believes that it is necessary to continue global investment in oil and gas production over the next 30 years, despite a decrease in future demand for them, according to the British company’s Energy Outlook 2023 forecast. “Recent energy shortages and rising prices highlight the importance of an orderly transition …

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Eurasia Journal News

Petrosibir Production Report December 2022

Petrosibir’s total oil production during December 2022 amounted to 22,965 barrels, equivalent to 741 barrels per day. The table below summarises the average monthly / daily production in 2021 and per month in 2022, broken down by region.       2021 2022     Average Jan Feb Mar Apr …

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Eurasia Journal News

Russia Produced 2% More Oil Last Year

But in 2023, oil production may fall by 7-8%. Russia in 2022 increased oil production by 2%, to almost 535 million tons. Almost all major oil companies have increased production. Writes about this “Kommersant” (Dmitry Kozlov). LUKOIL grew by 6% to 81 million tons. Surgutneftegaz, which became the third in …

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Eurasia Journal News

Petrosibir Production report for November 2022

Petrosibir’s total oil production during November 2022 amounted to 22,928 barrels, equivalent to 764 barrels per day. The table below summarises the average monthly / daily production in 2021 and per month in 2022, broken down by region.     2021 2022     Average Jan Feb Mar Apr May …

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Eurasia Journal News

Petrosibir Production report October 2022

Petrosibir’s total oil production during October 2022 amounted to 24,753 barrels, equivalent to 799 barrels per day. The table below summarises the average monthly / daily production in 2021 and per month in 2022, broken down by region.     2021 2022     Average Jan Feb Mar Apr May …

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Eurasia Journal News

Eni: Results for the Second Quarter and Half Year 2022

Eni’s Board of Directors, chaired by Lucia Calvosa, yesterday approved the unaudited consolidated results for the second quarter and first half 2022. Eni CEO Claudio Descalzi said: “Amid uncertainty and volatility in markets we moved fast to secure new energy supplies. After new gas agreements with our partners in Algeria, …

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Russia Oil Gas Magazine

NOV Reports Second Quarter 2022 Earnings

Revenue of $1.73 billion, up 12% sequentially and 22% year-over-year Net Income of $69 million, or $0.18 per fully diluted share Operating profit of $68 million, up $89 million sequentially and $56 million year-over-year Adjusted EBITDA* of $150 million, up $47 million sequentially and $46 million year-over-year Orders of $670 …

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