Eurasia Journal News

PetroNeft an oil & 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 provide the following operational update for Licence 67. Highlights Production from the Cheremshanskoye field has …

Vienna, Austria, 8 June 2021 – The price of OPEC basket of thirteen crudes stood at $70.14 a barrel on Monday, compared with $70.21 the previous Friday, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …

In his report “World Energy at a Crossroads,” the Chief Executive Officer of Rosneft, Igor Sechin, noted that the investment community highly appreciated the Vostok Oil project, payments and a share buyback program, this project contributed to the growth of investment attractiveness and capitalization of Rosneft. The head of the …

Rosneft has signed 73 cooperation contracts for a total of 616.5 billion rubles at the XXIV St. Petersburg International Economic Forum, including over 50 contracts totaling 558.8 billion rubles to implement the strategic project Vostok Oil. The Company has signed the contracts for construction works of Vostok Oil’s first stage …

As part of the XXIV St. Petersburg International Economic Forum, Rosneft and Schlumberger signed an agreement on technological cooperation in the implementation in Russia of joint innovative projects related to science, design and operation of oil and gas fields. The agreement provides for interaction in various technological areas, including the …

The destiny of the world rests in innovative utilisation of hydrocarbons whilst embracing the rise of renewables in the global energy mix, Secretary General of the largest consortium of gas exporting nations, the Gas Exporting Countries Forum (GECF), said at the 24th St. Petersburg International Economic Forum (SPIEF). “The world …

Vienna, Austria, 7 June 2021 – The price of OPEC basket of thirteen crudes stood at $70.21 a barrel on Friday, compared with $69.89 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), …

President of PJSC “LUKOIL” Vagit Alekperov and Chairman of the Management Board of JSC NC “KazMunayGas” Alik Aidarbayev signed a sale and purchase agreement for a 49.99% stake in the charter capital of Al-Farabi Operating LLP. The signing ceremony took place today at the St. Petersburg International Economic Forum (SPIEF). Following satisfaction of …

Gazprom Neft, together with partners, will develop the first Russian equipment for hydraulic fracturing (hydraulic fracturing) * – the main technology for increasing the production of hard-to-recover oil reserves. Vadim Yakovlev, Deputy Chairman of the Gazprom Neft Management Committee, Yuri Solomonov, General Designer of Moscow Institute of Heat Engineering Corporation, and …

As part of today’s Saint-Petersburg International Economic Forum, PAO NOVATEK, PJSC Sberbank, and Gazprombank (Joint Stock Company) signed a Memorandum of Understanding (“MOU”) on financing the construction of a gas chemical plant on the Yamal peninsula. The Parties intend to organize financing to construct a gas chemical plant in close …