Rosneft Sells Equinor 49% Share in KrasGeoNats for $550 million
PJSC NK Rosneft and Equinor have closed the deal, as a result of which the Norwegian company acquires 49% of LLC KrasGeoNats. KrasGeoNats holds twelve exploration and production licenses for areas with traditional reserves located onshore in Eastern Siberia. Among them: Danilovsky (including the Severo-Danilovskoye field), Preobrazhensky, Verkhneichersky, Mogdinsky, Vostochno-Sugdinsky, Sanarsky …
NOVATEK and Siemens Energy Signed Agreement to Decarbonize LNG Production
Today, PAO NOVATEK and Siemens Energy signed a Strategic Partnership and Cooperation Agreement (“Agreement”). According to the Agreement, the Parties intend to jointly develop and implement high-tech solutions to produce LNG, electricity, hydrogen and other products to maintain sustainable development initiatives and achieve the Parties’ goals to reduce their carbon …
bp and Amazon Deepen their Successful Relationship
bp and Amazon have agreed to extend their longstanding relationship, with bp to supply additional renewable energy to power Amazon’s operations, and Amazon Web Services (AWS) enabling the acceleration of bp’s programme to digitise its infrastructure and operations. bp sees building relationships with major corporate partners such as Amazon as …
OPEC Daily Basket Price: Wednesday, 9 December 2020, Stood at $48.31 a Barrel
Vienna, Austria, 10 December 2020 – The price of OPEC basket of thirteen crudes stood at $48.31 a barrel on Wednesday, compared with $47.79 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), …
Rosneft: Discovers a New Unique Gas Field in the Kara Sea
The State Reserves Commission confirmed the discovery by Rosneft of a new Arctic gas field in the Kara Sea and recommended that FGU NPP Rosgeolfond put the field on state records in the author’s version with gas reserves of 800 billion m3. In honor of the 75th anniversary of the …
OPEC Daily Basket Price: Tuesday, 8 December 2020, Stood at $47.79 a Barrel
Vienna, Austria, 9 December 2020 – The price of OPEC basket of thirteen crudes stood at $47.79 a barrel on Tuesday, compared with $47.77 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 Improves the Efficiency of Oil Production from Low-Permeability Reservoirs
Gazprom Neft has developed and successfully tested an innovative method of increasing oil recovery, which makes it possible to triple oil production from low-permeability reservoirs. The new jet tunneling technology * was tested in the Eastern section of the Orenburg field, developed by Gazpromneft-Orenburg. The economic effect from the introduction of technology …
OPEC Daily Basket Price: Friday, 4 December 2020, Stood at $48.35 a Barrel
Vienna, Austria, 7 December 2020 – The price of OPEC basket of thirteen crudes stood at $48.35 a barrel on Friday, compared with $47.46 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), …
Caspian Sunrise PLC: Operational & Regulatory Update, Financial Update, Management & Board Changes, Shareholding Update
BNG Deep Wells Progress has been made with our deep wells but to date none are yet producing at commercial quantities. Deep Well A5 We have struggled for some time with another stuck pipe this time at the point at which the side track commences. After several weeks attempting to …
Opening Remarks to the 180th Meeting of the OPEC Conference
Delivered by HE Abdelmadjid Attar, Algeria’s Minister of Energy and President of the OPEC Conference, at the 180th Meeting of the OPEC Conference, 30 November 2020, via videoconference. Your Royal Highness, Excellencies, distinguished delegates, It gives great pleasure to welcome you all to the 180th Meeting of the OPEC Conference. I would …