Rosneft and CNPC held a meeting of the Joint Coordinating Committee
Rosneft and China National Petroleum Corporation (CNPC) held the fourth meeting of the Joint Coordinating Committee (JCC) via videoconference. The agreement on the establishment of the Joint Coordinating Committee of Rosneft and CNPC was signed on May 15, 2017 during the official visit of Russian President Vladimir Putin to China. The …
Orenburgneft: Increased its Drilling Footage by 30%
Orenburgneft (Rosneft’s producing asset) drilled 30% more rocks in 9 months of 2021 than in the same period in 2020. At the same time, the ROP increased by an average of 2% due to the modernization of the rock cutting tool. The bits have high reliability and improved wear at maximum ROP. …
OPEC Daily Basket Price: Thursday, 11 November 2021, Stood at $81.93 a Barrel
Vienna, Austria, 12 November 2021 – The price of OPEC basket of thirteen crudes stood at $81.93 a barrel on Thursday, compared with $83.69 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …
PetroNeft Resources: Operational Update
PetroNeft an oil and gas exploration and production company, operating in the Tomsk Oblast, Russian Federation and 90% owner and operator of Licence 67 and 50% owner and operator of Licence 61 is pleased to announce the following operational news. Highlights Contract signed for the provision of fracking services on …
One Billion Barrels of Oil Produced by LUKOIL at West Qurna-2, Iraq
LUKOIL has produced one billion barrels of oil at West Qurna-2, Iraq, since the launch of commercial operation of the field. The landmark achievement has been reached as the company stands on the threshold of its 30th anniversary. Special events on the occasion of the company’s milestone year were attended …
Intelligent Wellhead Systems: inVision X Bring Step Change in Digital Completion Technology
Tenth-generation inVision X technology introduces field-proven frac valve activation Intelligent Wellhead Systems Inc. (IWS), a leading supplier of digital technologies that improve oil and gas well completion operations, today released its tenth-generation digital completion technology, inVision X. The upgrade to the inVision™ Technology Platform integrates engineered safety controls, automated digital standard …
OPEC Monthly Oil Market Report, November 2021
Crude Oil Price Movements: Crude oil spot prices surged by more than 12% in October, on the back of soaring energy prices in Europe and Asia. Strong oil market fundamentals, compounded by expectations of higher oil demand in the winter months from “gas to oil switching”, have supported both spot …
COP26: GECF Reminds the World “Energy for All” Achievable with Natural Gas
The Gas Exporting Countries Forum (GECF), the global platform of the leading gas producing nations, has urged the international community gathered in Glasgow, UK, for UNFCCC COP26 to look for energy options that achieve the right balance between the post-COVID-19 economic and social requirements and climate actions, particularly for the …
OPEC Daily Basket Price: Wednesday, 10 November 2021, Stood at $83.69 a Barrel
Vienna, Austria, 11 November 2021 – The price of OPEC basket of thirteen crudes stood at $83.69 a barrel on Wednesday, compared with $82.64 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …
GE Plans to Form Three Public Companies Focused on Growth Sectors of Aviation, Healthcare, and Energy
GE today announced its plan to form three industry-leading, global public companies focused on the growth sectors of aviation, healthcare, and energy, by: Pursuing a tax-free spin-off of GE Healthcare, creating a pure-play company at the center of precision health in early 2023, in which GE expects to retain a …