News
Incentive taxation is an effective mechanism of combatting the natural decline in gas production

273 wells were sunk in 2018-2020due to incentive taxation. New wells produced extra 4.5 bcm of gas. The share of gas in the total volume...

The Black Sea’s oil and gas potential: the reality and prospects of drilling a unique ultra-deep well on Zmiiny Island

The first exploration well in the Black Sea was drilled on the Golitsyn run high in 1975, almost simultaneously with the start of...

The VII International Industry Forum to mark the technologies of enhancing production took place

On March 10, the VII International Industry Forum "Improving the efficiency of hydrocarbon recovery in oil and gas fields of Ukraine"...

EVENTS OF THE MONTH: March 2021

22-28.03.2021 The Oxford Institute for Energy Study noted the achievements of the Ukrainian Energy Exchange in the wholesale natural gas...

OVERVIEW OIL AND GAS: March 2021

According to the Association of Gas Producers of Ukraine, 1.51 bcm of gas was produced in February, 9.8% down compared to January and...

Victor Erchenko. FIDMASH NOV: Technology and Development

Victor Erchenko , Head of Sales and Product Promotion Department, Fidmash CJSC Fidmash is relatable to as a company producing coiled...

Actual results of applying plunger lift and capillary systems

Vitaly Tsybulskyi.  Technical Sales Manager Weatherford "In blowout operations, we burn most of the commercial gas. In other words,...

EVENTS OF THE MONTH: February 2021

22-28.02.2021 Smart Energy started drilling a new well at the Sviridovskoe field. On February 23, the British company Enwell Energy,...

OVERVIEW OIL AND GAS: February 2021

According to the Association of Gas Production Companies of Ukraine, 1.68 billion m3 of gas was extracted in January, which is 0.5% more...

For the first time in Ukraine, about 7,000 m3 of drilling waste was processed into recyclables

Drilling waste receiving, processing and management works were completed at the drilling site in the Poltava region. All waste is...

EVENTS OF THE MONTH: January 2021

25-31.01.2021 After being repaired, the well No. 203 at the Berezovskoe field produces over 100 mcm of gas per day, as Naftogaz Group...

Ukrnafta opened a modern shop to repair ECPU

On December 22, 2020, new production facilities to repair electric centrifugal pump units (ECPU) were opened on the territory of the...

Enactment of the Law No. 3176 and its role in the development of the gas market of Ukraine

Enactment of the Law removes final obstacles to full implementation of the EU Regulation №312, which introduces a network code for gas...

EVENTS OF THE MONTH: December 2020

28.12.2020-03.01.2021 For the oil and gas industry, the year ended with the long-expected signing of seven production sharing...

EVENTS OF THE MONTH: October 2020

26.10-01.11.2020 On September 24, the Ukrainian Energy Exchange launched the Trading Platform on the short-term natural gas market....

EVENTS OF THE MONTH: September 2020

21-27.09.2020 DTEK Neftegaz carried out repair of a deep well through snubbing. Repair of the well No. 43 of the Semirenkovskoe gas...

OVERVIEW OIL AND GAS: September 2020

For 9 months of 2020, the GTS Operator of Ukraine transported 14.8 bcm of gas from Europe to Ukraine at the request of its customers....

EVENTS OF THE MONTH: August 2020

24-30.08.2020 Naftogaz Exploration and Production established the Expert Council consisting of 11 leading national scientists and...

OVERVIEW OIL AND GAS: August 2020

For 8 months of 2020, the GTS Operator of Ukraine transported 12.5 bcm of gas from Europe to Ukraine at the request of its customers....

Oleg Gez was appointed Chairman of the Management Board of PJSC "Ukrnafta"

PJSC "Ukrnafta" informs about appointment of Oleg Gez to the position of the Chairman of the Management Board from July 31, 2020. The...

Integration of energy systems for sustainable development

Gas TSO of Ukrainee and NEC Ukrenergo held a joint strategic session on planning the long-term development of the gas transportation...

OVERVIEW OIL AND GAS: February 2020

According to the GTS Operator of Ukraine, gas transit amounted to 30 bcm for 7 months of 2020.

OVERVIEW OIL AND GAS: July 2020

27.07-02.08.2020 The Energy Community approved the creation of the natural gas exchange in Ukraine. At that, the Secretariat of the...

ROMAN STOROZHEV: Global gas price trends. Demand and supply.Gas market of Ukraine. Consumption. Production. Price trend

The global crisis due to COVID-19 is not an ordinary cyclical fall, it is a shock that will change the organization of the global...

The VII Newfolk International Oil and Gas Conference took place on July 2-3, 2020

For the first time, the Newfolk conference was held in two formats at once - traditional offline and online stream on several social...

OVERVIEW OIL AND GAS: June 2020

According to Ukrtransgaz, the first half of 2020 was a record-setting for the operation of Ukrainian UGSs in recent years. Outside the...

EVENTS OF THE MONTH: June 2020

22-28.06.2020 Cadogan Petroleum restores production at the Blazhev-3 and Blazhev-Monastirets-3 wells at the Blazhivskoe oil field in the...

VII NEWFOLK INTERNATIONAL OIL AND GAS CONFERENCE

VII NEWFOLK INTERNATIONAL OIL AND GAS CONFERENCE "COILED TUBING. HYDRAULIC FRACTURING.DRILLING SERVICES. GEOPHYSICS. DIRECTIONAL DRILLING"

OVERVIEW OIL AND GAS: May 2020

Natural gas production in Ukraine in the first 5 months of 2020 compared to the same period last year saw a 3% decrease amounting to...

OVERVIEW OIL AND GAS: May 2020

25-31.05.2020 Regal Petroleum plc was renamed Enwell Energy plc. Smart Energy Group reported the new brand of the British company. At...

OVERVIEW OIL AND GAS: April 2020

Gas imports from the European Union amounted to 3.9 BCM in four months.

EVENTS OF THE MONTH: April 2020

27.04-03.05.2020 Chernigovneftegazgeologiya, a subsidiary of Nadra of Ukraine JSC, restores oil production at the Shatravinskoe field....

NTP Burova Tekhnika LLC successfully completed the sidetracking

In March, NTP Burova Tekhnika LLC successfully completed the third sidetracking operation at the Gnidyntsivske field in the Pryluky oil...

EVENTS OF THE MONTH: February 2020

24.02-01.03.2020 In an interview with the Rating publication, CEO of Geo-Alliance Lyudmila Kuchmenko noted that the Ukrainian gas...

OVERVIEW OIL AND GAS: February 2020

According to the GTS Operator, gas imports saw 76% increase in the first quarter of 2020.

EVENTS OF THE MONTH: January 2020

The last week of January for Naftogaz group was marked by personnel changes. Alexandr Oleksenko was appointed CEO of...

OVERVIEW OIL AND GAS: January 2020

In the first 2 months of 2020, gas production in Ukraine fell by 2.1% or 73 million cubic meters compared to the same period of the...

ENERGY INDEPENDENCE

On June 22, the head of the integrated gas business of Naftogaz of Ukraine Andriy Favorov presented to the sector experts and mass media...

Improving the accuracy of well profile measurement as a way to reduce risks and increase drilling efficiency

Horizonty Group of Companies owns a large fund of old wells with high reuse potential. When designing the side track profile, experts...

EVENTS OF THE MONTH: July 2019

29.07-04.08.2019 According to the available information, Ukrgazvydobuvannya started the process of well drilling and shut it down at...

OVERVIEW OIL AND GAS: July 2019

According to Ukrtransgaz, 12.2 bcm of natural gas were received from Ukrainian gas companies since the beginning of the year and as of...

At the end of June 2019, Ukrgazvydobuvannya Service branch first held a multi-stage HF

The service branch executed the multistage HF on its own, modernized fleet owned by the state company. The four-stage HF is a level of...

EVENTS OF THE MONTH: June 2019

  24-30.06.2019 From the beginning of the year, Ukrnaftoburinnya PrJSC developed the third well. Its depth is 5,520 m, and the...

OVERVIEW OIL AND GAS: June 2019

According to Ukrtransgaz, natural gas production in Ukraine for the first half of 2019 increased by 2.8% - up to 10.49 BCM compared to...

EVENTS OF THE MONTH: May 2019

27-31.05.2019 VI Newfolk International Oil and Gas Conference “Coiled Tubing. Hydraulic Fracturing. Drilling Services. Geophysics....

OVERVIEW OIL AND GAS: May 2019

According to Ukrtransgaz JSC, within five months of this year, 8.8 BCM of gas from Ukrainian gas producers came to the Ukrainian gas...

Bringing PPC’s 2019 First New Drill into Production

JV Poltava Petroleum Company (PPC) is announcing the start of production from well 3 West Mashivska. This well is the first new drill by...

EVENTS OF THE MONTH: April 2019

22-28.04.2019 On Thursday, Yuri Vitrenko, the head of the Supervisory Board of Ukrnafta PJSC, reported that last year’s company's...

OVERVIEW OIL AND GAS: April 2019

According to Ukrtransgaz, 11.BCM of gas were transported to the Ukrainian consumers of all categories for January-March 2019 by main gas...

EVENTS OF THE MONTH: February 2019

18-24.02.2019 This week, RegalPetroleum started drilling a new exploration well in the Poltava region. Projected well depth is 4,859 m....

OVERVIEW OIL AND GAS: February 2019

According to the operational data of JSC "Ukrtransgaz", in January, the flow of natural gas from gas companies in the Ukrainian GTS...

DTEK Naftogaz finished drilling a new deep well, UGV increased its production in wells after the breakdown of agreement on joint activity

DTEK Neftegaz completed drilling of a new deep directional well. Ukrgazvydobuvannya got a multiple increase in flow rate after wells...

THE 300TH FRACTURING OPERATION UKRGAZVYDOBUVANNYA

The 300th fracturing operation under the program for the development of industrial implementation of the method took place at the...

EVENTS OF THE MONTH: January 2019

21-27.01.2019 DTEK Naftogaz reports the completion of a deep well drilling. The depth of the new facility is 5,605 meters with a 380...

OVERVIEW OIL AND GAS: January 2019

According to the updated information by the Ministry of Energy and Coal Industry, natural gas production in Ukraine in 2018 grew by 2.4%...

OVERVIEW OIL AND GAS January

The increase in natural gas production in January was 3.1% compared to January of the previous year. According to the data of...

The top five oil and gas trends for 2018

This year will be the year of the oil and gas revival, as prices lift performance and major projects come online. While Australia is...

OVERVIEW OIL AND GAS

By the end of 2017, Ukraine reduced oil and gas condensate production by nearly 6%. In total, the enterprises produced 2,227.3 thousand...

World News
The evolving renewable energy partnership landscape: Implications for oil and gas majors

The renewable energy boom will continue to accelerate. Oil majors are well-positioned to use JVs and alliances to build renewables...

UK ministers consider ban on new North Sea exploration – report

UK  ministers are considering a ban on new oil exploration licenses in the North Sea as a move away from fossil fuels, a step that...

Gas Market Report, Q1-2021

Global gas demand fell by an estimated 2.5% or 100 billion cubic metres (bcm) in 2020 – its largest drop on record. Amid this...

Is carbon capture too expensive?

The idea that CCUS is “high cost” ignores the bigger picture

OPEC+ 2021: How to increase oil output without undoing 2020’s gains

LONDON (Bloomberg) --As one of the most tumultuous years in oil’s history ends, a delicate task now confronts OPEC+.

Can Anything Stop Brazil’s Massive Oil Boom?

The COVID-19 pandemic had a sharp impact on oil prices, creating considerable uncertainty over the outlook for energy demand around the...

Putting gas flaring in the spotlight

Natural gas flaring has been a longstanding problem for the oil industry. The most recent data indicate that around 150 billion cubic...

Natural gas: First quarter of 2020 - compared with first quarter of 2019

Natural gas consumption was falling over the first months of 2020 in major markets even before the Covid‑19 pandemic, mainly due to...

Siemens Energy to help reduce emissions at NLNG plant

Nigeria LNG (NLNG) selected Siemens Energy to provide a cryogenic boil-off gas (BOG) compression train for its Bonny Island plant. The...

Impact of Covid-19 on oil supply, demand and price to 2030

The COVID-19 pandemic will have a profound and lasting impact on oil supply, demand and price for the next 10 years. Two scenarios are...

An oil giant’s epiphany on climate change

BP’s slow shift to clean energy since the Deepwater Horizon spill is picking up speed, perhaps setting an example for the...

Opec+ to address market challenges

AMID growing ‘crude’ concerns, the Organisation of Petroleum Exporting Countries and its allies (Opec+) are preferring to...

Which oil and gas companies may bargain for investments?

Two weeks ago, news agencies reported on Warren Buffett's Berkshire Hathaway first major investment after a long break.

Commentary: No industry better positioned to get people back to work than energy – Tom Olsen

Pipe for the Trans Mountain pipeline is unloaded in Edson, Alta. on Tuesday June 18, 2019. The Canadian Press

Turning on the taps: inside Norway’s new oil and gas taxes

Sweeping changes to Norway’s traditionally static offshore tax structure could dramatically change the industry, with tax refunds...

ExxonMobil posts largest loss ever as COVID-19 pandemic hammers oil industry

ExxonMobil reported its biggest-ever quarterly loss on Friday as the coronavirus pandemic slammed demand and prices for oil.

The Growing Wave of Oil & Gas Bankruptcies in 2020

2020 hasn’t been kind to the energy sector, and a growing wave of energy bankruptcies has started to build.

Working from home can save energy and reduce emissions. But how much?

As the Covid-19 crisis spread around the world, large numbers of people started working from home, with immediate and varied impacts on...

Shale downturn claims more Halliburton jobs in Oklahoma and Texas

By CAMERON WALLACE HOUSTON – Halliburton is making reductions in its field staff in Oklahoma and Texas, including its Duncan field...

Petrobras says talks among Russia, Saudi Arabia, U.S. 'irrelevant' for oil prices

RIO DE JANEIRO — Recent negotiations involving leaders from major oil-producing nations and the United States will prove...

Alberta to join OPEC+ call, pledges to “keep an open mind” on cuts

CALGARY (Bloomberg) --Alberta Energy Minister Sonya Savage will participate in an OPEC+ call next week aimed at resolving the global oil...

Snapshot of LNG market dynamics: February 2020

Helps leading energy and capital-intensive companies with shaping their strategies and work in M&A, commercialization, negotiations,...

Schlumberger Becomes First Upstream Services Company To Commit to Science-Based Target in Emissions Reduction

Schlumberger announced a commitment to setting a science-based target to reduce its greenhouse gas (GHG) emissions.

Saudi Aramco Set To Make $110-Billion Investment in Tight Gas

Saudi Aramco is moving forward with a $110-billion plan to develop the Jafurah tight-gas field that lies to the east of the supergiant...

Eni Makes Another Discovery Offshore Mexico, Expects Several More

Italy’s Eni is reporting a new oil find in the mid-deepwater area of the Sureste Basin, about 40 miles offshore Mexico. Early...

Shell consortium eyes 10GW offshore wind-hydrogen giant

Shell, Gasunie and Groningen Seaports have launched a project that will entail construction of a purpose-built up to 10GW offshore wind...

Natural gas demand grows by 40% from 2017 to 2040, with Asia leading the growth.

• Energy consumption is expected to grow by 0.9%/year up to 2040. • The extent of the economic growth is mitigated by...

Methane tracker Reducing methane emissions from oil and gas operations

Oil and gas producers that can demonstrate that they are taking strong action to reduce methane emissions can credibly argue that their...

Only 40% Price Crash Next Month Can Shut U.S. LNG

- Shut-in would require October JKM below $3.94 by July 20 - TTF prices for September would need to be below EUR10.19/MWh

The Role of Gas in Today's Energy Transitions

"Natural gas is one of the mainstays of global energy. Where it replaces more polluting fuels, it improves air quality and limits...

Norway Is Walking Away From Billions of Barrels of Oil

Western Europe’s biggest petroleum producer is falling out of love with oil. To the dismay of the nation’s powerful oil...

Brazil has the potential for a 70% oil production increase by 2035—but is it likely?

Brazil can look forward to some positive news when it comes to oil production for the next few years. After closing 2018 at nearly 2.6...

The Oil Rigger-Turned-Entrepreneur Now Disrupting The Oil And Gas Industry

Brett Chell doesn’t fit the stereotypical oil executive mold but he has made his way from working on the oil rigs to building and...

Ukraine opens arms to upstream investors

The country has large untapped gas reserves and wants foreign partners to help unlock them

WoodMac: Upstream M&A deal flow expected to slow in 2019

In fourth-quarter 2018 upstream, merger and acquisition activity fell to its lowest level since first-quarter 2015 as volatile oil...

US House Judiciary panel passes bill to make oil cartels illegal

The US House of Representatives’ Judiciary Committee approved a fresh bill by voice vote on Feb. 7 to amend the Sherman Antitrust...

Germany’s Coal Phase-Out A Win For Norwegian Gas Developers

Norway’s offshore investors stand to gain from Germany’s plans to phase out coal-fired power generation, with demand for...

Ukraine announces PSA tenders for 12 oil and gas fields

On 5 January 2019 entered into force Resolutions passed by the Cabinet of Ministers of Ukraine on 18 December 2018 (the "Resolutions")...

Equinor Invests $269 million to Increase Gullfaks Production, North Sea

The Gullfaks partners have decided to drill seven new wells and thereby improve oil recovery by 17 MMbbl with good profitability. On...

Noble Energy awards Schlumberger contract for process solution

Schlumberger today announced the award by Noble Energy of an engineering and supply contract for a two-thousand-ton single-lift process...

Welch Permian Basin Project update: positive results from Welch Horizontal Well Study

Mosman Oil and Gas Limited the oil exploration, development and production company, has completed the pre-feasibility study on its Welch...

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