Oil

SOCAR-AQS starts drilling new well at West Absheron field

SOCAR-AQS LLC started drilling a new well in the West Absheron field, the company informed. Well No. 63 will be drilled from offshore platform No.10. The design depth of the well is 724 meters.

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Russian scientists invent new method to look for oil and gas fields

The new way of search and geological exploration of oil and gas fields by the method of soil illumination by seismic radiation and observation of noise seismic emission after artificial disturbance

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USA threatens Nord Stream-2 and Russian oil companies with blockade

A bill on the toughening of anti-Russian sanctions, prepared by US senators, threatens the implementation of any foreign energy project of the Russian Federation - from export gas pipelines like No

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Halliburton and Uzbekneftegaz to have joint projects on international markets

Halliburton and Uzbekneftegaz may start joint implementation of projects in foreign oil and gas markets. This is stated in the message of the Uzbek company.

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In 2018, investment in oil and gas industry of Russia may exceed 1.37 trln rubles

In 2018, investments in the Russian oil and gas industry will grow by more than 3% compared to 2017. On August 7, 2018, this was reported by the deputy head of the Energy Ministry P. Sorokin.

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SOCAR Turkiye Enerji forecasts revenue of $0.5 billion per year from the activities of the STAR refinery

The annual income from the activity of the STAR refinery constructed by SOCAR Turkiye Enerji (Turkish subsidiary of SOCAR), will be $500 million a year, the head of the subsidiary Zaur Gakhramanov

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In H1, Russia’s income from oil exports grew by 31.4%, gas – by 28.2%

In January-June, Russia's revenues from oil exports increased by 31.4% compared to the corresponding period of 2017 to $60.333 billion.

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LNG terminal in Gulf of Ob included into territorial planning scheme

The project of a liquefied natural gas terminal was included in the territorial planning scheme.

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Russian geologists to define oil-and-gas bearing sites in the Laptev Sea

Rosgeologiya will conduct geophysical studies of the territory in the Laptev Sea. This was reported in the press centre of the company.

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Oil companies ask additional 3 trln rubles from Vladimir Putin

Although the law on the tax maneuver has been adopted in the final reading, the largest oil companies intend to meet with the Russian President Vladimir Putin to discuss the issue of further increa

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