Gazprom Neft has purchased a subsoil usage license issued by the Federal Subsoil Resources Management Agency for the Novosamarskoye field in the Orenburg Oblast. The license, for the exploration and production of hydrocarbons, is valid until 5 May 2037. The total area of the licensed block is 26.56 square kilometers.
read more... 19/05/2017
Armenia’s hydropower plants can produce a share of 40% of the total electricity volume, according to a recent statement of the Armenian deputy minister of energy infrastructure and natural resources Hayk Harutyunyan.
read more... 18/05/2017
Norway’s oil regulator, Norwegian Petroleum Directorate (NPD), announced new forecasts on Tuesday, concerning the unfound oil and gas resources in the Arctic Barents Sea area, doubling them at approximately 17.6 billion barrels.
read more... 25/04/2017
Novatek, Russia's biggest non-state natural gas producer, is seeking to increase its resource base to keep gas production and maintain stable its domestic market share, as stated on Friday by Leonid Mikhelson, the manager of the company.
read more... 24/04/2017
British energy company BP and Russian giant Rosneft announced the creation of a new joint venture, Yermak Neftegaz LLC, to carry out exploration in the West Siberian and Yenisey-Khatanga basins in the Russian Federation.
read more... 02/11/2016