Alaska Promised Exemption from Oil and Gas Production Ban
During his visit to Alaska, U.S. Interior Secretary Doug Burgum promised to reverse a decision by the previous administration and “free up” 13 million acres of land—out of a total of 23 million acres—for oil and gas production. Joe Biden had previously designated these lands as “special zones.” Companies such …
Chevron Corporation and Companies from the European Union Are Requesting Approval from the United States Administration for Projects in the Bolivarian Republic of Venezuela
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 …
Libya Has Limited Production at Its Largest Oil Field Due to Instability
In Libya, oil production was partially stopped at the country‘s largest Sharara field on August 4 due to unauthorized entry. The maximum capacity of Sharara is 320 thousand barrels per day. According to S&P Global Commodity Insights, production losses now range from 28-70 thousand b/s. Sharara is a joint project …
Libya Has Limited Oil Production at the Largest Field
After limiting production at Libya‘s largest Sharara field, the indicator fell by 30 thousand barrels per day to 230 thousand barrels per day as of the evening of August 3. Libya has begun a partial shutdown of production at its largest oil field, Sharara, Bloomberg reported, citing three sources directly …
Santos and Repsol Consider Selling Stakes in Alaska Oil Fields
Santos and Repsol are considering selling a minority stake in oil fields they jointly own and develop in Alaska. The deal could cost about $1 billion. Oil fields include the Pikka project, one of the largest in Alaska. Its value is estimated by consulting firm Rystad Energy at $4.5 billion. …
Repsol will Sell Its Oil and Gas Assets in Canada to Peyto for $468 Million
Spain’s Repsol has agreed to sell its oil and gas assets in Canada to local Peyto for $468 million (€433 million), the company said. “The agreement covers all mineral rights, associated facilities and infrastructure of Repsol’s Canadian oil and gas business, including assets in the Greater Edson region with net …
Repsol: Sells Remaining Russia Assets To Gazprom Neft
The Spanish Repsol leaves the oil production business in the Russian Federation. The company will sell its stakes in the oil assets of Eurotek-Yugra and ASB Geo to its Russian partner, Gazprom Neft. The deal is likely to be closed by the end of the year, and its amount will …
REPSOL: ERD Drilling Experience in West Siberia, 2020 Operations
Introduction This article looks the a case study of unique HMTL (Horizontal Multilateral) ERD project that Repsol as a part of a local Joint Venture has executed in Russia in 2020 within its Exploration and Appraisal campaign in the central part of West Siberia. The project included drilling of two …
Gazprom Neft and Repsol’s Cutting-Edge Technology to Help Develop One of Khanty Mansi Autonomous Okrug-Yugra’s most Challenging Fields
Eurotek-Yugra, a joint venture of Gazprom Neft and Repsol, has drilled a multilateral well with a total length of over 9.4 km at the Ervier field in the Khanty-Mansi Autonomous Okrug-Yugra. The initial flow rate exceeded 120 tonnes of oil per day — six times higher than the productivity of previously built wells in that area. The new well has become one …
Spain’s Repsol Pulls Out of Planned Arctic JV in Russia
Spain’s Repsol has pulled out of a planned joint venture to develop two Arctic oil blocks with Russia’s Gazprom Neft and Royal Dutch Shell, a spokesman at Repsol said on Friday. Gazprom Neft, the oil arm of Russian gas giant Gazprom, Repsol and Shell signed a memorandum of understanding last …