Gazprom Neft Without Digital Technologies and AI Would Have Produced Half as Much Oil
The head of the company Alexander Dyukov noted that the terms of implementation of large projects would be seven to eight years, not three years. Gazprom Neft, through the use of digital technologies and artificial intelligence, was able to significantly expand the production potential, as well as increase financial indicators, …
Maxim Reshetnikov Urged to Be Prepared for Zeroing Out the Mineral Extraction Tax
The mineral extraction tax (MET) in Russia, including oil, will have to be zeroed out at some point in order to maintain production volumes; a new period of the super cycle is beginning – falling prices, said Russian Minister of Economic Development Maxim Reshetnikov. “It is very important for us …
Saudi Arabia Plans to Increase Oil Production Capacity in the Next Three Years
Energy Minister Prince Abdulaziz bin Salman noted that there are also plans to increase oil export capabilities. Saudi Arabia will increase its oil production capacity in the next three years, said Saudi Arabian Energy Minister Prince Abdulaziz bin Salman during a speech at the St. Petersburg International Economic Forum (SPIEF). …
In the Saratov Region, an Oil and Gas Company Will Invest 12.5 Billion Rubles in Production
It is planned to create about 70 new jobs. In 2024, the oil and gas company Dial Alliance will begin mining in the Yershovsky District of the Saratov Region. The total investment will amount to 12.5 billion rubles, the press service of the regional government reported. The corresponding agreement was …
NOVATEK Will Use Its Own Gas in a New LNG Project
NOVATEK’s new liquefied natural gas (LNG) project in the Murmansk region, consisting of three lines with a capacity of 6.8 million tons each, which became known at the end of May, will use gas from the company itself, and not from Gazprom. Leonid Mikhelson, the largest co-owner and chairman of …
Three Russian Companies Will Jointly Explore the Continental Shelf
Rosneft, Rosgeologiya and Innopraktika signed contracts on the sidelines of the SPIEF to conduct research work to study the Russian continental shelf, the oil company said. “As part of the 26th St. Petersburg International Economic Forum, PJSC NK Rosneft, the non-state development institute Innopraktika and JSC Rosgeo signed contracts to …
Contract Signed for Russian Gas Supplies to Uzbekistan
A working meeting of Alexey Miller, Chairman of the Gazprom Management Committee, with Jamshid Khodjaev, Deputy Prime Minister of the Republic of Uzbekistan, and Jurabek Mirzamakhmudov, Minister of Energy of the Republic of Uzbekistan, took place today at the St. Petersburg International Economic Forum 2023. The meeting addressed current and prospective issues related to cooperation in the gas sector. The parties signed …
TMK and Sinara Group Took Part in the St. Petersburg International Economic Forum
Pipe Metallurgical Company (TMK) and Sinara Group took part in the business program of the St. Petersburg International Economic Forum (SPIEF-2021). The heads of the companies discussed at the forum the prospects for the development of the metallurgical and machine-building industries, international cooperation, the transition to a “green” economy and …
Gazprom Neft and Shell Extend Cooperation in Upstream, Technology and Renewable Energy
Gazprom Neft and Shell have signed a Memorandum of Understanding setting out a framework for further cooperation in hydrocarbon exploration and production, technological collaboration and carbon footprint reduction. The MoU was signed on the sidelines of the St. Petersburg International Economic Forum in the presence of Vadim Yakovlev, Gazprom Neft, Deputy Chairman of the Management Board, and Cederic Cremers, …
Rosneft Expands Cooperation in Research and Technology
During the XXIV St. Petersburg International Economic Forum, Rosneft signed an agreement with the Polytechnic University of Turin (Italy) for the implementation of research in “Studies of the possibilities of intellectualization for solving problems of processing and interpreting seismic data”. As part of the agreement, advanced methods of intellectualization of …