OPEC Daily Basket Price: Monday, 22 March 2021, Stood at $63.22 a Barrel
Vienna, Austria, 23 March 2021 – The price of OPEC basket of thirteen crudes stood at $63.22 a barrel on Monday, compared with $62.47 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), …
Preparations for Flood Season Is Underway at TATNEFT
Enterprises of the TATNEFT Group of Companies have started preparation works for coming snowmelt floods. The work on preparing for the flood period at the Karabash hydro-technical utilities (GTS) was commenced in the fall of the last year. All underwater and surface mechanisms, equipment and warning devices were prepared. Dam …
Gazprom and TMK Discussed Cooperation Between the Companies After the Merger of TMK and ChTPZ
A working meeting between Alexey Miller , Chairman of the Gazprom Management Committee and Dmitry Pumpyansky, Chairman of the Board of Directors of Pipe Metallurgical Company (TMK), took place in St. Petersburg today . During the meeting, Dmitry Pumpyansky told Alexey Miller about the results of the transaction for TMK’s acquisition of a number of …
Rosneft’s Initial Recoverable Reserves at the Priobskoye Field Increased by 41.6 million tons of Oil
RN-Yuganskneftegaz, the largest production asset of PJSC NK Rosneft, has recalculated the oil and dissolved gas reserves of the licensed areas of the Priobskoye field it is developing. Based on the results of the state examination, the initial geological reserves of the field within the subsoil plots of PJSC NK Rosneft …
Rosneft’s 2019 Annual Performance Report – Won the Best Corporate Video Competition
Rosneft’s corporate film The annual report on the Company’s performance prepared for the 2020 Annual Meeting of Shareholders (AGM) was recognized as the winner in the Best Corporate Video 2021 competition. The competition was held as part of the X Annual Moscow International Corporate Video Festival. The winners are determined by …
KPO Announced Successful Completion of Karachaganak Gas Debottlenecking Project
Karachaganak Petroleum Operating B.V. (KPO) has announced a successful completion of the Karachaganak Gas Debottlenecking (KGDBN) Project. The ceremonial launch of KGDBN Project was attended by senior officials from the Western Kazakhstan Oblast Akimat lead by Akim Gali Iskaliyev, JSC NC KazMunaiGas lead by the Chairman of the Board Alik …
Gazprom Considered Directions for Development of Hydrogen Energy
The Gazprom Management Committee considered the issue of the production and use of hydrogen, the implementation of export supplies of hydrogen and methane-hydrogen mixtures using the existing gas infrastructure. It is noted that in recent years, hydrogen energy is considered in many countries as one of the key areas in the implementation of …
Digital Technologies Increase the Efficiency of Oil Production of Gazprom Neft in the Tomsk and Omsk Regions
Gazpromneft-Vostok launched a digital twin of the Urmano-Archinsky group of fields in the Tomsk region. The innovative system is one of the tools of the Production Control Center, which unites models of oil and gas infrastructure of the fields. Its launch will increase the production of hydrocarbons, improve the environmental …
Arctic Oil in the Total Production of Gazprom Neft Exceeds 30%
In 2020, Gazprom Neft has maintained the pace of development in the Arctic. Production at fields beyond the Arctic Circle accounted for 31% of the company’s total hydrocarbon volume. The company’s largest Arctic asset is the Novoportovskoye field on the Yamal Peninsula. Here, in 2020, 14.87 million tons of oil equivalent were …
Level of Rational Use of Associated Petroleum Gas in Samotlorneftegaz Exceeded 98.5%
Rosneft is actively working to increase the level of useful utilization of associated petroleum gas (APG) in the Nizhnevartovsk region. Samotlorneftegaz, which is part of the production complex of NK Rosneft, by the end of 2020 increased the level of rational use of APG to 98.6%. The bulk of the produced gas …