DNV GL: Combines Oil & Gas and Power & Renewables Businesses in Response to Energy Transition
DNV GL, the assurance and risk management company, will combine its current Oil & Gas and Power & Renewables businesses into one new business area called Energy Systems. DNV GL’s new business area, Energy Systems, will be the world’s leading resource of independent energy experts and certification body DNV GL …
OPEC Daily Basket Price Stood At $54.85 A Barrel Monday, 25 January 2021, Compared With $54.69 The Previous Friday
Vienna, Austria, 26 January 2021–The price of OPEC basket of thirteen crudes stood at $54.85 a barrel on Monday, compared with $54.69 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), Girassol (Angola), Djeno …
OPEC Daily Basket Price Stood at $54.69 a Barrel on Friday, 22 January 2021, Compared with $55.14 the Previous Day
Vienna, Austria, 25 January 2021–The price of OPEC basket of thirteen crudes stood at $54.69 a barrel on Friday, compared with $55.14 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), Girassol (Angola), Djeno …
Turkmenistan and Azerbaijan Will Jointly Produce Oil in the Caspian
Turkmenistan and Azerbaijan signed a memorandum on joint exploration, development and development of the Dostluk (Druzhba) field in the Caspian Sea. The documents were signed by the Foreign Ministers of Turkmenistan Rashid Meredov and Azerbaijan, Jeyhun Bayramov. The event was received by videoconference by the head of Turkmenistan, Gurbanguly Berdimuhamedov, …
OPEC Daily Basket Price: Wednesday, 20 January 2021, Stood at $55.75 a Barrel
Vienna, Austria, 21 January 2021 – The price of OPEC basket of thirteen crudes stood at $55.75 a barrel on Wednesday, compared with $54.85 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), …
Achim Development: First Gas
Achim Development LLC, the youngest joint venture between Gazprom PJSC (74.99 per cent) and Wintershall Dea GmbH (25.01 per cent), has successfully started hot commissioning of Area 4A of the Urengoyskoye oil, gas and gas condensate field in Western Siberia, and has produced first gas and condensate from the licence …
NOVATEK: 2020 Reserve Replacement Reached 117%
PAO NOVATEK today announced that independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company’s hydrocarbon reserves as of 31 December 2020. Total SEC proved reserves, including the Company’s proportionate share in joint ventures, aggregated 16,366 million barrels of oil equivalent (boe), including 2,244 billion …
OPEC: Daily Basket Price Stood at $54.85 a Barrel Tuesday, 19 January 2021
Vienna, Austria, 20 January 2021–The price of OPEC basket of thirteen crudes stood at $54.85 a barrel on Tuesday, compared with $53.92 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), Girassol (Angola), …
Gazprom Neft and SNF to Develop EOR Technologies
Gazpromneft – Technological Partnerships (formerly the Bazhen Technology Center), the French SNF holding and its Russian subsidiary SNF Vostok signed a memorandum of cooperation in the development, testing and launch of technologies for chemical enhanced oil recovery technologies on the Russian market. The parties agreed to cooperate in the production …
RN-Uvatneftegaz: Ust-Tegusskoye Field Turns 30
It is 30 years since the discovery of the Ust-Tegusskoye field, the largest in the Uvat project of Rosneft. The field was discovered as a result of the drilling of prospecting well No. 100, which confirmed commercial oil deposits. In the process of subsequent additional exploration, the oil reserves of the Ust-Tegusskoye …