Russia

The Kondaneft company (part of the oil production complex of Rosneft Oil Company) received an economic effect of more than 200 million rubles in the first half of 2023, thanks to the implementation of a program to increase production efficiency. Systematic work to improve the production efficiency of facilities is …

The Rosneft Scientific Institute will hold a conference “Digital Technologies in Hydrocarbon Production” in Ufa from October 17 to October 20, 2023. The large-scale event annually brings together more than 500 leading representatives of the oil industry and scientists from different cities of Russia. During the Conference, participants will exchange …

The Russian government and Gazprom Neft will join forces in the development of domestic equipment for drilling and hydrocarbon production on land. The corresponding agreement of intent was concluded within the framework of the TNF industrial and energy forum and is aimed at ensuring the technological sovereignty of the Russian …

Rosneft oil company, on the basis of its own research and design unit, created a Competence Center for the study of carbonate hydrocarbon deposits. The professional community unites more than 300 specialists from 22 mining enterprises and 9 corporate scientific institutes. The tasks of the expert center include the development …

The national oil and gas company of Kazakhstan KazMunayGas (KMG) and the Lukoil company are completing the procedures for forming the operator Kalamkas-Khazar Operating LLP of the Caspian offshore production project Kalamkas-Sea, Khazar, Auezov, the KMG press service reported. According to the press service, the head of KMG Magzum Mirzagaliev …

It amounted to 9.48 million b/d Russia maintained oil production in August 2023 at the level of the previous month – 9.48 million barrels per day (b/d), according to a report by the International Energy Agency (IEA). At the same time, the Russian Federation’s revenues from oil exports, according to …

In September, oil workers will be forced to choose: continue to reduce oil exports or reduce production. Since the beginning of September, Russia has been increasing oil exports by sea. According to the Kommersant newspaper, in the first days of this month, sea exports amounted to 3.3 million bpd. These …

Production of liquid hydrocarbons will increase by 2-2.5% due to gas condensate, said the head of the company Leonid Mikhelson Based on the results of 2023, Novatek plans gas production at the level of 2022 – approximately 82 billion cubic meters. m or a little more. Production of liquid hydrocarbons …

The US Department of Energy predicts that oil production in Russia in 2023 will decrease by an average of 300 thousand barrels per day, and will not change in 2024, follows from the monthly short-term forecast of the Energy Information Administration (EIA) of the department. “We expect oil production in …

…And their classification is harmonized with friendly countries. In Russia, a bill is being developed to create a system of independent audit of mineral reserves. In addition, reserve classifications are being harmonized with China, Belarus, Uzbekistan and Tajikistan. The task has also been set to create a domestic system of …