JMMC Focuses on Market Stability and Full Conformity
The 22nd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Thursday 17 September 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation. The Committee reviewed the monthly …
ERIELL Celebrates 10 Years of Cooperation with Arcticgas
ERIELL, the international oilfield services group, is celebrating the ten-year anniversary of its successful involvement with Arсticgas (a joint venture between NOVATEK and Gazprom Neft). Vitaly Dokunikhin, First Deputy Chairman of the Management Board of ERIELL Group and General Director of ERIELL NEFTEGAZSERVICE LLC said: “Articgas is the company where …
After COVID-19: Wintershall Dea Will Rely Globally on Mobile and Flexible Working
Wintershall Dea will establish mobile working as standard practice even after the pandemic. “We aim to achieve a mix, a hybrid working model, for when the pandemic is over. We call it Flex Forward at Wintershall Dea,” says Mario Mehren, CEO of Wintershall Dea, Europe’s leading independent gas and oil …
OPEC Daily Basket Price: Wednesday, 16 September 2020, Stood at $41.29 a Barrel
Vienna, Austria, 17 September 2020 – The price of OPEC basket of thirteen crudes stood at $41.29 a barrel on Wednesday, compared with $39.35 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), …
A Star is Born: OPEC Bulletin Commentary August-September 2020
In the heart of the Middle East in the land of ancient Mesopotamia, with two great rivers spanning its length — the Euphrates and Tigris — lies Iraq. By these two waters, the earliest civilization was born. What better place for a new idea to take root then near historic …
OPEC Daily Basket Price: Monday, 14 September 2020, Stood at $38.96 a Barrel
Vienna, Austria, 15 September 2020 – The price of OPEC basket of thirteen crudes stood at $38.96 a barrel on Monday, compared with $39.37 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), …
bp and Microsoft Form Strategic Partnership to Drive Digital Energy Innovation and Advance Net Zero Goals
bp and Microsoft Corp. today announced that they have agreed to collaborate as strategic partners to further digital transformation in energy systems and advance the net zero carbon goals of both companies. This includes a co-innovation effort focused on digital solutions, the continued use of Microsoft Azure as a cloud-based …
OPEC’s 60th Anniversary Goodwill Message
The Fourteenth of September 2020 is a very special day for OPEC. This sees the Organization celebrate its 60th anniversary. Few would have foreseen six decades ago that the Organization would have risen to the heights it has today in the global energy arena. Back then in Baghdad, the five …
OPEC Monthly Oil Market Report, August 2020
Crude Oil Price Movements Crude oil spot prices extended gains in August, reaching a six-month high. The OPEC Reference Basket (ORB) value rose in August, increasing more than other spot references. On a monthly basis, the ORB increased by $1.77 to $45.19/b, up by 4.1%. Crude oil futures prices rose …
ROSGEO’s Subsidiary Has Completed the Works Under a Large-scale Project in Indonesia
Yuzhmorgeologiya JSC (a subsidiary of Rosgeo), jointly with an Indonesian company Elnusa TBK, has successfully completed the field operations under a large-scale project on the geophysical surveys of the geological structure at the continental shelf in the Republic of Indonesia following the contract with the state oil company Pertamina. The …