Remove Industry Remove Oil Remove Russia
article thumbnail

ONGC: Russia’s Sakhalin-1 oil output at 200,000 bpd

Green Car Congress

India’s state-run Oil and Natural Gas Corp (ONGC) said that oil output from the Sakhalin-1 project in Russia has returned to a plateau level of 190,000 - 200,000 barrels per day (bpd) from zero. In April 2023, Russia’s Rosneft offered dividend payments to OVL against its 20% stake, rather than equity oil.

Oil 305
article thumbnail

GE, Rosneft to pursue opportunities in Russia’s oil and gas industry, including Arctic offshore

Green Car Congress

GE and OJSC Rosneft signed a memorandum of understanding (MOU) that lays the foundation for the two companies jointly to evaluate and develop commercial opportunities in oil and gas exploration and production in the Russian Federation. In addition, the Company participates in several exploration projects in Kazakhstan and Algeria.

Oil 231
article thumbnail

OMV says it will stop oil and gas production by 2050 in transformation to net-zero

Green Car Congress

Austria-based OMV, an international, integrated oil, gas and chemicals company, announced its intention to become a net-zero (Scope 1, 2 and 3) company by no later than 2050. The gradual decline foresees a decrease in crude oil production by around 30% and natural gas production by around 15% by 2030.

Oil 465
article thumbnail

Capstone Turbine seeing microturbine sales to oil and gas industry at record pace

Green Car Congress

Microturbine company Capstone Turbine’s ( earlier post ) sales to the oil and gas industry worldwide are at a record pace, according to Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing. The company subsequently received a 3 MW order from another oil & gas producer in the Eagle Ford shale play.

Oil 218
article thumbnail

Skolkovo Foundation greenlights £9.3M international consortium to make oil refining in Russia more efficient and sustainable

Green Car Congress

Researchers at the Center will run the UNIHEAT project, which will focus on increasing energy efficiency and reducing heat loss in oil refining by up to 15% by improving refining operations, enhancing oil production processes, and reducing CO? The Center will be funded by the Skolkovo Foundation and BP Russia.

Russia 218
article thumbnail

Russia Moves To Rein In Gas Flaring, Mandating 95% Gas Capture by 2012; Signals About-Face On Climate Change

Green Car Congress

The Russian government has ordered oil companies to take steps to. We really do need to take quick and decisive action, and no objections from the [oil] production companies should be. Prime Minister Vladimir Putin, directing oil companies to achieve 95%. Russia has floated a 95% gas flaring target. It is estimated.

article thumbnail

Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. Both, it would seem, have incentive to do so, as each has lost over $100 billion in crude revenues in 2015—and Russia bears the extra burden of U.S. by Dalan McEndree for Oilprice.com. and $65.65

Russia 150