Petrosibir: Production Report for May 2021
Petrosibir’s total oil production during May 2021 amounted to 29,595 barrels, equivalent to 955 barrels per day. The table below summarises the average monthly / daily production in 2020 and per month in 2021, broken down by region. 2020 2021 Average Jan Feb Mar Apr …
OPEC Monthly Oil Market Report, June 2021
Crude Oil Price Movements: Spot crude prices experienced firm gains in the month of May, rising on average about 6% month-on-month (m-o-m), settling at multi-month highs, amid stronger physical oil market fundamentals. Refiners in most regions showed increases in buying interest on the expectation of a further oil demand recovery …
New Record for Daily Drilling Meterage
A new drilling record has been set at the Yamalo-Nenets field. The well with a horizontal borehole 1197 meters long was drilled in 28.74 days. On average, drillers spent 5.88 days for every 1,000 meters of drilling, with a total footage of 4884 meters. Previously, the best indicator for wells of a similar …
The Spirit of Shell will Rise to the Challenge
CEO Ben van Beurden on a ruling by the District Court in The Hague that Shell must reduce its carbon emissions even faster than planned. Should a court single out an energy company to reduce its carbon emissions? On Wednesday 26 May, the District Court in The Hague ruled that …
Gazprom: Amur Gas Processing Plant Enters Operation
The commissioning ceremony for the first production train of the Amur Gas Processing Plant (GPP), one of the largest plants of its kind in the world, took place today via a video link. The implementation of such an ambitious project in the area of gas processing has no parallel in the history of Russia’s gas sector. Amur Gas Processing Plant Enlarged photo (JPG, 14.4 MB) Taking …
OPEC Daily Basket Price: Wednesday, 9 June 2021, Stood at $71.19 a Barrel
Vienna, Austria, 10 June 2021 – The price of OPEC basket of thirteen crudes stood at $71.19 a barrel on Wednesday, compared with $69.81 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), …
OPEC Daily Basket Price: Tuesday, 8 June 2021, Stood at $69.81 a Barrel
Vienna, Austria, 9 June 2021 – The price of OPEC basket of thirteen crudes stood at $69.81 a barrel on Tuesday, compared with $70.14 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), …
Messoyakhaneftegaz’s New Digital Center will Increase Efficiency for Arctic Production
Messoyakhaneftegaz, a joint venture between Gazprom Neft and Rosneft, has opened an integrated field development center in Tyumen. Remote control technologies for operational processes expand the possibilities for efficient work with hard-to-recover reserves of the Messoyakhskaya group of fields. The digital center coordinates all stages of the production cycle at the …
LUKOIL Supports Social Projects in Komi Republic
President of LUKOIL Vagit Alekperov and Head of the Republic of Komi Vladimir Uyba met today in the city of Ukhta and discussed main areas of social and economic cooperation, as well as environmental issues. Over the last 22 years, the Company donated over eight billion roubles into development of …
Rosneft Held a Road Show of the Vostok Oil Project for Suppliers and Contractors
Rosneft held a road show of the Vostok Oil project for foreign suppliers and contractors. Within the framework of the event, 5 meetings were held with representatives of companies supplying works and services, material and technical resources, as well as large contractors from Italy, Germany, China, Korea and Japan. The meetings were …