Kazakhstan Oil And Gas News

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• April 2023: Using domestically developed technology that utilizes cooking oil and oil-bearing plant seeds, a bio-jet fuel, commonly referred to as sustainable aviation fuel (SAF), is anticipated to obtain international certification this year. This certification would enable the SAF to be utilized in commercial flights within India. To facilitate the production of SAF, the Indian Institute of Petroleum (IIP), a laboratory under the Council of Scientific and Industrial Research (CSIR), has collaborated with prominent entities such as Boeing, Indigo, Spicejet, Air India, Vistara, Air Asia India.
• February 2023: Boeing has secured agreements to procure 5.6 million gallons (21.2 million liters) of blended sustainable aviation fuel (SAF) from Neste, the foremost producer of SAF globally. This procurement is aimed at supporting Boeing's U.S. commercial operations until 2023. These agreements mark a significant increase, doubling the company's SAF procurement compared to the previous year.

• July 2022: Eni and Algerian national oil company Sonatrach reported finding large oil and gas deposits in the Sif Fatima II concession in the Algerian desert's Berkine North Basin. The Rhourde Oulad Djemaa Ouest-1 (RODW-1) exploration well, the third of five to be drilled in the concession by Eni and Sonatrach, is part of a more significant effort to advance upstream activity in the North African country.
• July 2022: The Production Sharing Contract (PSC) was signed by Eni and TotalEnergies with Algerian state-owned national oil company SONATRACH, and American exploration firm Oxy is expected to assist the North African country in addressing some of the critical challenges impeding its hydrocarbons market growth.

• May 2023: Rosneft, the Russian energy giant, announced its plans to collaborate with Indian state-owned refiners to establish a new refinery in India. This decision follows the adjustment of the proposed USD 44-billion refinery project on India's western coast by the country's state-run refiners.
• March 2023: Advanced talks were underway between the African Export-Import Bank (Afreximbank) and Senegal's sole oil refiner, Société Africainede Raffinage(SAR), to raise USD 500 million in syndicated funding for further renovating the aging refinery.

• February 2023: TotalEnergies announced that it is in the process of starting a multi-well appraisal and exploration drilling program in Namibia, following the Venus light oil discovery in Block 2913B located in the Orange Basin, southern Namibia. The ultra-deepwater Venus-1X exploration well was spud in December 2021 using the Maersk Voyager drillship.
• September 2022: With Petróleo Brasileiro S.A., Helix Energy Solutions Group, Inc. extended its well intervention charter and services contracts for two years for offshore Brazil's Siem Helix 2 well intervention vessel. The negotiated extension is expected to conclude in December 2024, directly following Helix's existing Petrobras contracts.

• In January 2023, with the integration of the LNG floating storage and regasification unit (FSRU) Model into GasgridFinland's gas transmission network, the county's first FSRU-based terminal, located in the deep harbor at Inkoo, is ready for commercial operations. The LNG floating terminal vessel is 291 m long and, when fully loaded, holds around 68,000 tonnes of liquefied natural gas (LNG), corresponding to about 1,050 GWh of energy.
• In October 2022, Turkey-based Karpowershipwas in negotiations with four European nations to deliver power ships. To address the power deficiency in winter, the European nations are in talks with the company to secure 2 GW-capacity floating LNG power plants. The company has eight energy ships, with a total capacity of 2 GW that can supply electricity to about five million households and support district heating systems in four countries. Its largest vessel comes with an installed capacity of 500 MW.

• In October 2022, Oceaneering's Subsea Robotics segment secured numerous contracts in Q3 2022, with an anticipated aggregate revenue of USD 300 million. The contracts are especially for remotely operated vehicle (ROV) services offered from floating drilling rigs and vessels for subsea equipment support, subsea intervention, and construction. Included work scopes are ROV tooling, survey, positioning, and autonomous underwater vehicle (AUV) services.
• In May 2022, Gujarat Police announced plans to deploy submerged Remote-Operated Vehicles (ROV) for recovery operations and investigations related to drugs and other crimes to modernize the police and adopt the technology. Equipped with a 4K Ultra HD camera, the submerged ROV can spike up to 200 meters of water and transmit information about floating or submerged objects to its base station. It weighs about 8-10 kilograms and contains a 6 to 10 hours long battery backup. The operator of the ROV can use it with a remote and watch the contents live on an LCD screen.

•  December 2022: ADNOC Offshore awarded two major software contracts to Dome Principals, Kappa, and Amarile. Kappa, a petroleum engineering software company, will provide ADNOC with different types of Reservoir Related Software Management Systems such as EMERAUDE,SAPHIRE, TOPAZ, etc. Amarile is a company helping Reservoir Engineers speed up and improve the quality of their field dynamic simulation workflow.
•  June 2022: CGG announced that the company secured a four-year contract extension for its dedicated reservoir services center for Petrobras in Rio de Janeiro, Brazil.

• In October 2022, State-run ONGC Videsh Ltd. (OVL) is planning to invest around USD 1 billion in a Brazilian offshore hydrocarbon block. OVL's decision to invest follows the declaration of commerciality (DoC) for the BM Seal-4 block. The block lies in the Sergipe Alagoas Offshore Basin in a 320 sq. km area.
• In November 2021, Petrobras announced plans to invest about USD68 billion to expand oil production during 2022-2026. The company is planning to put 84% of its investments towards oil and gas exploration and production.

• In November 2022, ExxonMobil Corp. closed a USD 407 million sale of its operations in Central Africa's Chad and Cameroon to London-listed firm Savannah Energy PLC. As per the deal, the British firm will take over Exxon's 40% indirect interest in the Chad-Cameroon export transportation system, a 1,081-km (672-mile) pipeline, and floating storage and offloading facility offshore in Cameroon. Savannah also operates in Nigeria and Niger.

In December 2022, the Venezuelan government and American oil company Chevron Corporation signed a contract to resume oil and gas operations in Caracas, Venezuela. This contract aims to continue with the production and development activities in the energy sector, framed within the constitution and the Venezuelan laws that govern oil activity in the country.