Eurasia Journal News

Zarubezhneft Won a Tender for Gas and Oil Exploration in Egypt

The country’s authorities announced the results of a tender for the search and development of oil and gas fields in the Mediterranean and Nile Delta regions The Russian oil and gas company Zarubezhneft won the tender for oil and gas exploration announced earlier by the Egyptian Ministry of Petroleum and …

READ MORE →
Eurasia Journal News

How External Economic Factors Determine the Sources of Mineral Resources in the Regions

Regions that traditionally show results in mining will be influenced by foreign economic factors, sanctions and countermeasures from our country in the first half of 2023. This is most noticeable in the Yamalo-Nenets Autonomous Okrug, which faces the bulk of Russian gas production. Mining production here decreased by almost 8%, …

READ MORE →
Eurasia Journal News

Opening of Order Book for Additional Replacement of Gazprom’s Eurobonds of Series 10 with Russian Bonds

Gazprom carries on the additional exchanges of Eurobonds for the bond holders who could not take part in the initial replacement operations. In line with the decision of PJSC Gazprom, Gazprom capital LLC will place an additional issue of Russian bonds replacing the Eurobonds of Gaz Finance plc of series 10 issued for the amount of EUR 500 million (maturity date – November …

READ MORE →
Eurasia Journal News

Innovations for the Fuel and Energy Sector: the Gazprom Neft Hydraulic Fracturing Simulator is Included in the Register of Russian Programs of the Ministry of Digital Development

The digital simulator “CyberGRP” developed by Gazprom Neft and its partners is included in the Unified Register of Russian programs for electronic computers and databases. Registration in the Ministry of Digital Development registry confirms the high reliability and security of the program from digital threats, as well as independence from …

READ MORE →
Eurasia Journal News

The Program for Additional Capitalization of Rosgeologia in 2024 May be Reduced by 4 Times

The additional capitalization program of JSC Rosgeologia is planned to be reduced in 2024. This follows from the explanatory note to the draft federal budget for 2024-2026. which Interfax got acquainted with. “The change in the parameters of the financial support of the state program “Reproduction and Use of Natural …

READ MORE →
Eurasia Journal News

Yugra is Working to Reduce Import Dependence in Oil and Gas Production

The Khanty-Mansiysk Autonomous Okrug – Ugra is forming a package of proposals related to reducing dependence on imported technologies and equipment used in oil and gas production, the head of the region, Natalya Komarova, told reporters. Prospects for the development of the oil and gas industry during a visiting meeting …

READ MORE →
Eurasia Journal News

Yugra is One of the Largest Oil and Gas Producing Regions in the World!

September 21 marked the 70th anniversary of the discovery of the Berezovskoye gas field. Then, in 1953, a gas-water outburst occurred at well No. P-1, which turned into an open fountain. In honor of this event, Natalya Komarova, at a visiting meeting of the Russian Gas Society and the Union …

READ MORE →
Eurasia Journal News

Novatek Called for the Creation of a Program to Support the Production of Hard-to-Recover Gas

Deputy Chairman of the Board of the company Vladimir Kudrin noted that the production of HRR in the Nadym-Pur-Taz region is complicated by the difficulty of developing these reserves and expensive technologies Novatek called on the government to create a program to support technologies for the production of hard-to-recover gas, …

READ MORE →
Eurasia Journal News

RussNeft Expects a Reduction in Oil Production by Five Percent

RussNeft expects oil production to decline in 2023 due to OPEC+ decisions by 5%, to 6.4 million tons, company president Evgeny Tolochek told reporters on the sidelines of the Tyumen Industrial and Energy Forum. Answering the question by how much the company’s oil production could decrease in 2023, he said: …

READ MORE →
Eurasia Journal News

Indian ONGC Said It Wants to Get a Share of the Oil Produced at Sakhalin-1

CEO of ONGC’s investment division Rajarshi Gupta believes that negotiations with the Russian side and other shareholders could last six months The Indian company ONGC intends to produce oil as part of its share in the Sakhalin-1 project and expects that negotiations on this could take up to six months. …

READ MORE →