British Ithaca Energy plc and Italian Eni are Considering a Merger
Russian Oil Gas Magazine
by Doug Robson
14h ago
Leading independent oil and gas operator in the UK North Sea, Ithaca Energy, today announced it has entered into an exclusivity agreement for a potential transformational combination with substantially all of Eni S.p.A.’s upstream assets in the UK, including the recently acquired assets of Neptune Energy. The exception will be certain assets, including CCUS Eni and assets in the Irish Sea, Ithaca Energy said in a statement. Ithaca Energy and Eni have entered into a 4-week Exclusivity Agreement to allow time for the separate development of contract documentation required in connection with the ..read more
Visit website
Rosnedra Began a Systematic Study of the Russian Shelf For the First Time in the Last 30 Years 
Russian Oil Gas Magazine
by Doug Robson
14h ago
For the first time in the last 30 years, the Federal Agency for Subsoil Use (Rosnedra) has begun a systematic study of the Russian shelf, said the head of the agency, Evgeny Petrov, during a meeting with Prime Minister Mikhail Mishustin. Petrov noted that over the past two years, Rosnedra has created serious potential in the regulatory, legal and technical spheres of domestic geological exploration, which makes it possible to engage in strategic planning of the country’s mineral resource base and guarantees the technological and raw material sovereignty of the Russian Federation. To date, Rosn ..read more
Visit website
Tengiz Expansion Project is Planned to be Completed at the End of 2024 – Head of the Ministry of Energy of Kazakhstan
Russian Oil Gas Magazine
by Doug Robson
14h ago
Work on the implementation of the Future Expansion and Wellhead Pressure Management Project (FGP-WPMP) at the Tengiz field is progressing behind schedule and is scheduled for completion at the end of 2024, said Kazakhstan’s Energy Minister Almassadam Satkaliyev. “The reasons why there was a delay in the implementation of the project and the safety of the work carried out are objective, related to ensuring the quality of the work. We plan to complete it at the end of this year,” Satkaliev said at a briefing on Tuesday. Earlier, the Ministry of Energy of the Republic reported that the launch of ..read more
Visit website
TotalEnergies Will Resume Production At The Tyra Field Off The Coast Of Denmark
Russian Oil Gas Magazine
by Doug Robson
1d ago
TotalEnergies is resuming production at the Tyra field off the coast of Denmark after its large-scale reconstruction, which will make the kingdom a net exporter of natural gas, follows from a press release from the French company. “Total Energies announces the resumption of production at the Tyra field in the Danish sector of the North Sea following the completion of a major reconstruction project,” TotalEnergies said in a statement. Also, according to the company, production volumes will reach 5.7 million cubic meters of gas, as well as 22 thousand barrels of condensate per day, which will ma ..read more
Visit website
American Westlawn Americas Offshore Begins Expansion Into Latin America
Russian Oil Gas Magazine
by Doug Robson
1d ago
Houston-based Westlawn Americas Offshore, part of the Westlawn Group, is entering the Latin American oil and gas playground through a deal with Brazilian oil and gas company Enauta. Westlawn Americas Offshore has signed a sales agreement with Enauta to purchase a 20% interest in the BS-4 concession, which includes the Atlanta and Oliva fields, for $301.7 million. This amount, which will be paid upon closing of the transaction, is subject to adjustments related to the net cash flow from the Atlanta and Oliva supply investments generated between the effective date of November 1, 2023 and the clo ..read more
Visit website
“TAGRAS” Participates In The International Exhibition “Neftegaz-2024”
Russian Oil Gas Magazine
by Doug Robson
3d ago
TAGRAS Holding will take part in the 23rd international exhibition “Equipment and Technologies for the Oil and Gas Complex” – “Neftegaz-2024” from April 15 to 18. The forum will traditionally be held on the territory of the Expocentre Fairgrounds in Moscow. As part of one of the largest oil and gas shows in the world, the Russian oil service group will present a variety of solutions for customers: pipes and pipeline parts for underground and above-ground installation with a unique coating, equipment for well construction, a sliding drilling rig and domestic equipment for seismic exploration. S ..read more
Visit website
Oil Service Company SLB Has No Plans To Leave Russia Yet
Russian Oil Gas Magazine
by Doug Robson
3d ago
The head of the company, Olivier Le Peche, noted that the corporation’s team works autonomously in the country; SLB’s priority remains the protection of its assets and employees. The world’s largest American oil service corporation SLB (formerly known as Schlumberger) does not yet intend to leave Russia, despite pressure from the West. This was stated by the head of the company Olivier Le Peche in an interview with the Financial Times (FT). According to him, the company has “no plans” to sell its assets in Russia, despite pressure from the West. He explained that the corresponding decision has ..read more
Visit website
TATNEFT Registered The Seventh Climate project in the Russian Register of Carbon Units
Russian Oil Gas Magazine
by Doug Robson
3d ago
The company continues to hold a leading position in climate projects. Of the 20 climate projects in the national register, seven are in Tatneft’s portfolio. The project is being implemented at DNS-4972s NGDU Aznakaevskneft, from where all associated petroleum gas is sent through a gas pipeline for processing to the Minibaevsky gas processing plant. Thus, the goal of the project is to reduce greenhouse gas emissions by eliminating APG flaring at the DNS-4972s flare unit. The planned reduction in greenhouse gas emissions over 10 years of project implementation is 27.8 thousand tons of CO2-eq. Th ..read more
Visit website
The Effect Of Implementing The Energy Saving Program Of RN-Yuganskneftegaz Amounted To 1.8 Billion Rubles
Russian Oil Gas Magazine
by Doug Robson
3d ago
RN-Yuganskneftegaz, the largest oil-producing enterprise of Rosneft, saved 398 million kWh of electricity following the implementation of an energy saving program in 2023. In monetary terms, the effect amounted to about 1.8 billion rubles. Increasing the operating efficiency of production assets is one of the key priorities of Rosneft’s strategy. The company’s enterprises systematically implement measures aimed at increasing energy efficiency, reducing energy consumption, optimizing electrical loads and thermal processes. RN-Yuganskneftegaz introduces advanced technological solutions to optimi ..read more
Visit website
“Walking” Drilling Rigs Will Be Developed In Tatarstan
Russian Oil Gas Magazine
by Doug Robson
3d ago
They will have a platform for lateral movement of the mobile unit. The Design Bureau of the Higher School of Petroleum has developed sliders for drilling rigs. In the new educational and laboratory building in Almetyevsk, 3D models and documentation are created for Tatneft. At the same time, Higher School of Economics students are also involved in the development, writes Neftyanye Vesti. When moving in the traditional way, a mobile drilling rig needs to be disassembled, the mast must be laid down, all communications must be dismantled, etc. This requires six to seven units of heavy equipment ..read more
Visit website

Follow Russian Oil Gas Magazine on FeedSpot

Continue with Google
Continue with Apple
OR