Oil and Gas

By: Franyi Sarmiento, Ph.D., Inspenet, July 6, 2022.
Russian state-owned energy company Rosneft has announced the discovery of an oil field in the Pechora Sea, located off the Siberian coast of northwest Russia, estimated at approximately 82 million tons.

By: Franyi Sarmiento, Ph.D., Inspenet, July 1, 2022.
The American Petroleum Institute (API) reported a large drop this week for crude oil of 3.799 million barrels, while analysts were forecasting a drop of 110,000 barrels.

By: Franyi Sarmiento, Ph.D., Inspenet, July 1, 2022.
Marcelo Cerna, a 53-year-old metallurgist, received the Valor Argentino award for the invention of the LVP Filter, a reusable sand filter to be installed in oil wells with mechanical or electrosubmersible pumps.

By: Franyi Sarmiento, Ph.D., Inspenet, June 30, 2022.
From July 6 to 9, the city of Villahermosa in Tabasco, will host the XVI Edition of the Mexican Petroleum Congress, in which the participation of more than 7,000 people linked to the oil and industrial sector is expected.

By: Franyi Sarmiento, Ph.D., Inspenet, June 29, 2022.
A subsidiary of the Indian Oil and Natural Gas Corporation (ONGC), known as ONGC Videsh, announced the discovery of oil in the Urraca-IX well (block CPO-5) it recently drilled in the Llanos Basin, Colombia.

By: Franyi Sarmiento, Ph.D., Inspenet, June 28, 2022.
Oil & Gas Development Company Limited (OGDCL) announced this week good news for the oil industry. The Nim Block joint venture, comprising OGDCL as operator with a 95 percent interest and Government Holdings (Private) Limited (GHPL) with five percent, has discovered oil and gas from the Nim East-1 exploratory well in the Tando Allah Yar district, Sindh province in Pakistan.

By: Franyi Sarmiento, Ph.D., Inspenet, June 24, 2022.
Oil slicks (microscopic ephemeral layers of hydrocarbons floating on the ocean surface) can be of natural or anthropogenic origin. In some cases, hydrocarbons may seep naturally from seafloor oil deposits.

Free translation by: Franyi Sarmiento, Ph.D., Inspenet, June 23, 2022.
APA Corporation announced this week flow test results from the Krabdagu (KBD-1) exploration well in Block 58 offshore Suriname. The block involves APA Suriname and the operator, TotalEnergies (TTE), both with 50% participation.

By: Franyi Sarmiento, Ph.D., Inspenet, June 16, 2022
This week, the Organization of the Petroleum Exporting Countries (OPEC) left its forecast for 2022 oil demand growth largely unchanged at 3.4 million barrels per day (mb/d).

By: Franyi Sarmiento, Ph.D., Inspenet, June 8, 2022.
The Vietnam National Oil and Gas Group (PVN) exceeded the crude oil extraction plan for the first five months of 2022 by more than 22%.