LUKOIL to Continue Investment Projects in the Nizhny Novgorod Region
President of LUKOIL, Vagit Alekperov and the Governor of Nizhny Novgorod region Gleb Nikitin had a meeting in Moscow today. They discussed current progress on the ongoing projects and prospects for the future development of cooperation between the company and the region. “LUKOIL is one of the pivotal enterprises in …
Gazprom Neft Moves Into Monetising E&P Technologies
Gazprom Neft has become one of the first companies in Russia’s oil and gas industry to launch a business model for monetising technology. This new subsidiary, Gazpromneft — Technology Partnerships, will focus on developing integrated solutions for ensuring commercial viability on “hard-to-recover” oil-production projects, and on selling innovative developments within this industry-specific market. In establishing this new business model …
ROSGEO has Completed Unique Geophysical Surveys to Identify the External Boundaries of the Russian Continental Shelf
The research vessel “Akademik Lazarev” of JSC Sevmorneftegeofizika (a subsidiary of ROSGEO) has successfully completed integrated geophysical surveys in the northern part of the Laptev Sea and East Siberian Sea of the Arctic Ocean in preparation of geological and geophysical data for defining the external boundaries of the continental shelf …
Rosneft Scientists Awarded a Prize for the Development of the Arctic
The team of authors of PJSC NK Rosneft, LLC Arctic Scientific Center and St. Petersburg State Marine Technical University was awarded diplomas of the first prize winner of the International Competition of Scientific, Scientific, Technical and Innovative Developments aimed at the development and development of the Arctic and the continental …
OPEC Monthly Oil Market Report, September 2020
Crude Oil Price Movements Spot crude prices settled significantly lower in September, after four consecutive months of gains. The OPEC Reference Basket (ORB) fell by $3.65, or 8.1% m-o-m, to $41.54/b, while the year-to-date averaged $40.62/b. Crude oil futures prices on both sides of the Atlantic declined during September, for …
OPEC Daily Basket Price: Monday, 12 October 2020, Stood at $40.57 a Barrel
Vienna, Austria, 13 October 2020 – The price of OPEC basket of thirteen crudes stood at $40.57 a barrel on Monday, compared with $41.61 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), …
Rosneft Starts Engineering and Geophysical Research in the Eastern Arctic
A research expedition has started in the Eastern Arctic, organized by specialists of the Arctic Research Center LLC (part of the Rosneft Corporate Research and Development Complex). The multipurpose vessel “Capitan Voronin” within the framework of the expedition will perform engineering and geophysical work in the waters of the seas of …
Alexander Dyakonov Was Appointed as the Rector of AGNI
Alexander Dyakonov, Professor, Doctor of Technical Sciences, was appointed as a new rector of the Almetyevsk State Petroleum Institute. The presentation of a new head of AGNI (Almetyevsk State Petroleum Institute) took place at the Academic Council Extraordinary Meeting with the participation of Nail Maganov, Director General of TATNEFT, and Andrey Pominov, …
NOVATEK Reports Preliminary Operating Data for the Third Quarter and Nine Months 2020
PAO NOVATEK reported today preliminary operating data for the third quarter and nine months 2020. In the third quarter 2020, NOVATEK’s hydrocarbon production totaled 150.4 million barrels of oil equivalent (boe), including 19.13 billion cubic meters (bcm) of natural gas and 3,024 thousand tons of liquids (gas condensate and crude …
OPEC Daily Basket Price: Friday, 9 October 2020, Stood at $41.61 a Barrel
Vienna, Austria, 12 October 2020 – The price of OPEC basket of thirteen crudes stood at $41.61 a barrel on Friday, compared with $41.06 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), …