India Has Not Received an Offer to Buy Exxon’s Stake in Sakhalin-1
ExxonMobil announced in March 2022 its withdrawal from the project and departure from Russia India has not received an offer to buy Exxon’s stake in the new operator of the Sakhalin-1 oil and gas project. Secretary of the Ministry of Petroleum and Natural Gas of India Pankaj Jain told reporters …
Verkhnechonskneftegaz Has Selected Unique Technologies for the Development of Reserves of the Preobrazhensky Horizon
The Verkhnechonskneftegaz company (part of Rosneft) has begun full-scale development of the Preobrazhensky horizon at the Verkhnechonskoye oil and gas condensate field. Additional production at the field will amount to 4 million tons of oil due to the drilling and reconstruction of more than 200 wells. The Company’s specialists have …
Rosneft Expects to Increase Production at Verkhnyaya Chonya
Verkhnechonskneftegaz (VCHNG, part of Rosneft) has begun full-scale development of the Preobrazhensky horizon at the Verkhnechonskoye oil and gas condensate field in the Irkutsk region, Rosneft said in a statement. The project implies that “additional production at the field will amount to 4 million tons of oil through drilling and …
Sakhalin-2 is Ready to Become a Center of Competence for Integrated Field Development
On September 27, on the sidelines of the Far Eastern Energy Forum “Oil and Gas of Sakhalin – 2023”, a plenary session “The Far East: New Prospects for the Oil, Gas and Energy Sector” was held. The key event of the first day of the conference brought together representatives of …
Gazprom’s General Contractor for the Yuzhno-Kirinskoye Field Announced the Maintenance of the Work Schedule
The departure of foreign contractors made certain adjustments to the company’s work, noted Mikhail Filinkov, director of the department for implementation of offshore projects at Rusgazshelf. The Rusgazshelf company (Gazprom’s general contractor for the development of offshore fields, which is implementing projects for the development of the Kirinskoye and Yuzhno-Kirinskoye …
Rosnedra Notes a Sharp Decline in Funding for Geological Exploration on Sakhalin
According to the head of the department of geology of oil and gas, groundwater and structures of the agency Nina Erofeeva, this is due to the pandemic and sanctions Rosnedra has noted a sharp decline in funding for geological exploration work on Sakhalin since 2020 amid the coronavirus pandemic and …
LUKOIL and Nornickel Registered an Oil Production Company in Novy Urengoy
Structures of LUKOIL and Nornickel created a company in the Yamalo-Nenets Autonomous Okrug for the production of oil and associated petroleum gas – Vareineftegaz LLC. According to the Unified State Register of Legal Entities, Vareineftegaz LLC was registered on September 28 in Novy Urengoy, the authorized capital is 200 million …
The Government Approved the Rules for the Sale of Exxon’s Unclaimed Stake in Sakhalin-1
On September 28, the Government of the Russian Federation approved the rules for the assessment and sale of shares in the authorized capital of the limited liability company Sakhalin-1. The text of the relevant resolution is at the disposal of Interfax. According to the document, the assessment of the share …
LUKOIL Promises to Preserve Jobs in Komi After Merging Its Subsidiaries
Lukoil-Perm will retain tax contributions to the budget of the Komi Republic and jobs after the takeover of Lukoil-Komi. This was stated by the head of Komi Vladimir Uyba at a meeting of the republic’s Coordination Council for Strategic Management. “There will be no fundamental changes,” noted Deputy Chairman of …
Gazprom Neft Volunteers and Residents of Yamal Collected More Than 625 Tons of Garbage on the Peninsula
Gazprom Neft summed up the results of its environmental project “Clean Environment” to clean up Yamal from historically accumulated and household waste. From April to September, more than 4.5 thousand volunteers – company employees, representatives of the public environmental organization “Green Arctic”, local residents – collected more than 625 tons …