Gas Production in Russia Fell by 11.4 Percent in January-September
Gas production in Russia in January-September decreased by 11.4% compared to the same period last year – to 380 billion cubic meters, in September – increased by 1.5%, to 39.8 billion cubic meters, Rosstat reported. “39.8 billion cubic meters of combustible natural gas were produced, which is 1.5% more than …
The Government Announced the Volume of Investments in the Rosneft Vostok Oil Project
The volume of investments in Vostok Oil in the north of the Krasnoyarsk Territory will amount to 11.8 trillion rubles, follows from the government order. In September, the head of Rosneft, Igor Sechin, estimated the volume of investments at about 12 trillion rubles. The volume of investments in the creation …
Packer Service Took Part in the International Oil and Gas Conference and Offshore Technologies “OTC 2023” in Houston
From May 1 to May 4, 2023, a delegation from Packer-Service LLC visited the international oil and gas conference and exhibition of offshore technologies “OTC 2023” in NRG Park in Houston (USA) The purpose of visiting the exhibition is to search for new technologies in the field of enhanced oil …
Igor Sechin Assessed the Potential of the Vostok Oil Project to Stabilize the Oil Market
The Vostok Oil project, in the context of a reduction in global investment in exploration and production, is capable of having a stabilizing effect on the entire hydrocarbon market, said the head of Rosneft, executive secretary of the Commission under the President of the Russian Federation on the strategy of …
The Head of the Board of Directors of LUKOIL, Vladimir Nekrasov, Has Died
Vladimir Nekrasov was elected head of the board of directors of LUKOIL last year, after the death of the previous head of the board, Ravil Maganov. The company reported that Nekrasov died of heart failure Chairman of the Board of Directors of LUKOIL Vladimir Nekrasov died at the age of …
More Than Two Dozen Hydrocarbon Deposits were Discovered in Russia in Nine Months
But due to the state of the resource base in the country, mostly small deposits are being discovered Rosnedra reported that in January–September 23 new hydrocarbon fields were discovered in the country. However, fewer and fewer large assets are being identified every year. This year, the discovery of a large …
Alexander Novak Announced the Stagnation of Shale Oil Production in the United States
According to the Deputy Prime Minister of the Russian Federation, the industry has still not recovered from the stress of the pandemic Shale oil production in the United States is stagnating at approximately the same level, Russian Deputy Prime Minister Alexander Novak said in an interview with Business FM. US …
LUKOIL-Western Siberia will Build a Landfill for Oil Waste Near Surgut
The 140-hectare facility will be located next to future wells LUKOIL-Western Siberia LLC will build a landfill near Surgut to dispose of production waste from the Yuzhno-Yagunskoye field. The area of the object will be 140 hectares, according to the state protection service of cultural heritage sites of the Khanty-Mansi …
Zarubezhneft Plans to Increase Oil Production in Africa to 2 Million Tons/Year by 2030
Oil producing company Zarubezhneft plans to increase oil production in Africa to 2 million tons per year by 2030. This was stated by the company’s Deputy General Director V. Terentyev at one of the sessions of the Russian Energy Week (REN-2023). The company intends to gradually achieve this goal: consistently …
RN-Uvatneftegaz Increased the Production Rate of a Horizontal Well by 40% Thanks to Fishbone Technology
RN-Uvatneftegaz (part of the oil production complex of Rosneft Oil Company) built the first multilateral well at the Uvat project using fishbone technology. The well has five horizontal lateral branches and was built without hydraulic fracturing (fracturing). The initial production rate of the well was 163 tons of oil per …