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09.04.2020
World Oil Output May Fall By 10 Million Barrels a Day, IHS Says

IHS Markit expects as much as 10 million barrels a day of world oil production to be cut or shut-in from April through June as storage fills up and demand craters due to the Covid-19 pandemic. More»
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06.04.2020
Gazprom Neft expands production in the Arctic

Gazprom Neft’s Arctic assets were responsible for a significant contribution to the company’s total production growth in 2019, with about 30% of all oil production occurring within the Arctic Circle. Liquid hydrocarbon production was up 8% at the... More»
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02.04.2020
Over million oilfield jobs on the line due to oil price war and coronavirus, Rystad says

More than a million jobs in the oilfield service industry (OFS) are likely to be cut in 2020 due to low project volumes brought upon by the Covid-19 epidemic and the ongoing oil price war, a Rystad Energy impact analysis shows, also revealing that... More»
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26.03.2020
Novatek hits natural gas production milestone

Courtesy of lngworldnews.com Russia’s largest independent natural gas producer and LNG project operator Novatek has hit a milestone in its... More»
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25.03.2020
IEA Executive Director and OPEC Secretary General discussed the current situation in global oil markets

Courtesy of teknoblog.ru Leaders expressed deep concerns about the grave global health crisis caused by the coronavirus (COVID-19) and its related... More»
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23.03.2020
Belarusian oilmen set another record in Siberia - 698 m per day

Courtesy of belorusneft.by Employees of Belorusneft-Siberia LLC updated the daily drilling speed record for production wells.The ROP record belongs to Vitaly Lakhurov's team.... More»
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20.03.2020
Gazprom Neft almost halves production costs of Bazhenov oil

The Bazhenov Technology Centre (a Gazprom Neft subsidiary) has cut the costs of producing oil at the Bazhenov Formation, from RUB30,000 to RUB16,000 per tonne. A viable production cost, of RUB8,500 per tonne, is expected to be reached as soon as... More»
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18.03.2020
Trump to fill U.S. Strategic Petroleum Reserve “to the very top”

Courtesy of teknoblog.ru President Donald Trump told U.S. energy officials to purchase “large amounts” of oil to fill up the... More»
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16.03.2020
Shock microwave

Courtesy of belorusneft.by For the first time, Belarusians provided services to support domestic technology of oil inflow stimulation. We are talking about cavitation-pulse impact... More»
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12.03.2020
Gazprom Neft introduces a new integrated refining-process management system

Courtesy of gazprom-neft.com Gazprom Neft is continuing its installation of an integrated automated process control system (APCS) at its Omsk Refinery. The new... More»
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