bp Plans UK’s Largest Hydrogen Project
bp today announced that it is developing plans for the UK’s largest blue hydrogen production facility, targeting 1GW of hydrogen production by 2030. The project would capture and send for storage up to two million tonnes of carbon dioxide (CO₂) per year, equivalent to capturing the emissions from the heating …
OPEC Daily Basket Price: Wednesday, 17 March 2021, Stood at $66.76 a Barrel
Vienna, Austria, 18 March 2021 – The price of OPEC basket of thirteen crudes stood at $66.76 a barrel on Wednesday, compared with $66.89 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), …
LUKOIL Increases Production at Imilorskoye Field in West Siberia
LUKOIL‘s cumulative oil output at the Imilorskoye field in the Khanty-Mansi Autonomous District has exceeded five million tonnes since the start of its pilot commercial operation in 2014. In 2020, the field’s production increased by over 20%, when compared to the 2019 results. The field is currently in active development …
OPEC Daily Basket Price: Tuesday, 16 March 2021, Stood at $66.89 a Barrel
Vienna, Austria, 17 March 2021 – The price of OPEC basket of thirteen crudes stood at $66.89 a barrel on Tuesday, compared with $68.18 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), …
Gazprom and Shell Expand Cooperation
Today, PJSC Gazprom and Shell concern signed a Strategic Cooperation Agreement for a period of five years. The signing ceremony took place via video conference in the presence of Alexey Miller, Chairman of the Gazprom Management Committee, and Ben van Beerden, Chief Executive Officer of Royal Dutch Shell plc. The signed document …
NOV: Provides Operational Update for the First Quarter 2021
NOV Inc. announced today that it expects operational disruptions and softer-than-anticipated customer orders will cause first quarter 2021 operating results to fall below prior guidance. “Unfortunately, the extreme winter weather across Texas and Oklahoma, the ongoing effects of COVID-19 lockdowns, and the continued spending austerity from our oilfield customers are combining to take …
LLC Gazprom Dobycha Urengoy Vaccinates Shift Personnel Against COVID-19
On March 14, an off-site vaccination of workers against COVID-19 took place at the Senoman shift housing complex of the Office for the Operation of shift camps of the company. Centrally vaccinated 470 people working on a rotational basis in distant gas and gas condensate fields. Employees of the Medical and …
OPEC Daily Basket Price: Monday, 15 March 2021, Stood at $68.18 a Barrel
Vienna, Austria, 16 March 2021 – The price of OPEC basket of thirteen crudes stood at $68.18 a barrel on Monday, compared with $68.14 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), …
OPEC Daily Basket Price: Friday, 12 March 2021, Stood at $68.14 a Barrel
Vienna, Austria, 15 March 2021 – The price of OPEC basket of thirteen crudes stood at $68.14 a barrel on Friday, compared with $67.39 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), …
Gazprom Dobycha Irkutsk has Patented a Method for the Development of Hydrocarbon Fields
Gazprom Dobycha Irkutsk received a patent for the invention of a new method for the development of a hydrocarbon field, which ensures independence from external energy sources, as well as the mobility and flexibility of power supply for drilling rigs. In addition, the service life of the equipment is increased …