LUKOIL Recognized Highest International Mass Communication Award for Promoting Innovation in the Oil Industry
PJSC LUKOIL was awarded the Grand Prix, as well as victories in two nominations at once in the Eventiada IPRA Golden World Awards, the largest in Eastern Europe and Central Asia, in the field of mass communications. Starting this year, the competition is being held in partnership with the United …
Slavneft-Megionneftegaz: Successfully Tests Continuum Frac Technology
Slavneft-Megionneftegaz has successfully tested the Continuum Frac technology, which significantly reduces the cost of operating wells after multi-stage hydraulic fracturing (MSHF) *. Under the round-the-clock supervision of the company’s specialists and service companies, 8 stages of hydraulic fracturing were performed using the new method. The advantage of the technology is that …
OPEC Daily Basket Price: Monday, 14 December 2020, Stood at $49.65 a Barrel
Vienna, Austria, 15 December 2020–The price of OPEC basket of thirteen crudes stood at $49.65 a barrel on Monday, compared with $49.58 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 …
Rosneft: Discovers Third Unique Field in the Kara Sea
Rosneft has discovered a new Arctic gas field with total reserves of 514 bcm of gas and 53 million tons. condensate as a result of prospecting and appraisal drilling at the Vostochno-Prinovozemelsky-2 license area in the Kara Sea. In accordance with the decision of the State Commission, the deposit is registered with …
PetroNeft: Financing Update
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licenses 61 and 67, is pleased to provide the following financing update: Petrogrand Loan facility In January 2018 PetroNeft agreed a loan facility for up to US$2 million …
PetroNeft Resources: Signs Offtake and Road Contract for C4 Well
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67, is pleased to provide the following financing and operational update: Highlights Strategic step forward on Licence 67 towards year-round production and development of Cheremshanskoye …
NOVATEK: First Russian Cryogenic Pump Successfully Tested at Yamal LNG
PAO NOVATEK announced today that the first large-scale cryogenic pump manufactured in Russia was successfully tested at the Yamal LNG project. The cryogenic pump was designed and manufactured by Afrikantov OKB Mechanical Engineering (part of JSC Atomenergomash). The cryogenic pump tests were conducted at Yamal LNG’s current LNG tank storage …
Petrosibir: Production Report for November 2020
Petrosibir’s total oil production during November 2020 amounted to 31,659 barrels, equivalent to 1,055 barrels per day. The table below summarises the average monthly / daily production in 2020 and 2019, broken down by region. TOTAL PRODUCTION, BBL 2019 2020 Average Jan Feb Mar Apr May Jun Bashkiria 10 469 …
OPEC Daily Basket Price: Friday, 11 December 2020, Stood at $49.58 a Barrel
Vienna, Austria, 14 December 2020 – The price of OPEC basket of thirteen crudes stood at $49.58 a barrel on Friday, compared with $48.87 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 Neft: Successfully Tests BURINTECH’s Rotary Steerable System
The Russian rotary steerable system (RSS) was successfully tested at the Yuzhno-Priobskoye field of Gazprom Neft. The equipment is designed for drilling complex wells with a large length of horizontal and directional sections. Duplication of the technology will significantly reduce the cost of equipment and improve the economics of the well construction …