US Now Top Global Oil Producer But its Limits Are Showing
The US has “likely surpassed” Russia as the world’s largest oil producer, according to a US Energy Information Administration report.
ExxonMobil Exits Russian Ventures, Continues Success off Guyana
The US supermajor continues to evolve its global strategy by pulling out of once-promising Russian partnerships and adding to its offshore Guyana oil drilling bounty.
US Sanctions Hit New Russia Projects, Add Uncertainty
The new US sanctions against Russia will place added restrictions on international companies taking part in oil development projects with Russian companies and raise doubts about Russia’s plans to expand pipeline exports.
Russia’s Push for Oil and Gas Growth Stunted by Oversupplied Markets
Russia’s need to continue expanding the oil and gas business is pushing it to look east for more production and markets. But everywhere it turns there is stiff competition in a world awash in oil and gas.
Technology Development in Upstream Division of Gazprom Neft
Russian giant Gazprom Neft has embarked on a new upstream technology strategy that emphasizes partnerships with other firms.
CERAWeek: Russian Oil Business Changing as it Turns to the East
Russia has looked to the east to find more oil and gas, growing markets and investor support, allowing it to shrug off the global slump and trade sanctions.
Russian Oil Producers Keep Pushing Up Production
Russian oil production has remained on a growth path despite the plunge in oil prices because producers have built their business on producing oil for less than USD 30/bbl.
Pilot Tests of New Enhanced-Oil-Recovery Technologies for Heavy-Oil Reservoirs
Thermal steam stimulation is considered the most effective of current methods for heavy-oil production. However, the method has problems with low coverage by steam injection and decreased efficiency.
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