
Gazprom Management Committee Endorses Revised Investment Program and Budget for 2020
The Gazprom Management Committee endorsed the revised drafts of the investment program and budget (financial plan) for 2020. As per the revised investment program for 2020, the overall amount of investments will stand at RUB 922.489 billion, which is RUB 182.235 billion less than was envisaged in the investment program approved in December 2019. Of that amount, RUB 720.674 billion (down by RUB 212.729 billion) …

Gazprom Ramping up Capacities of Chayandinskoye Field
The Gazprom Management Committee took note of the information about the implementation of major investment projects. In the east of Russia, the systematic expansion of production capacities continues at the Chayandinskoye field in Yakutia. In 2020, it is planned to bring onstream 103 gas wells, a gas pre-treatment unit (GPTU-2), and a membrane unit for helium concentrate extraction. Moreover, capacity increase will be finished at the operating comprehensive gas treatment …

bp Energy Outlook for 2020
The 2020 edition of the bp Energy Outlook explores possible paths for the global energy transition, how global energy markets may evolve over the next thirty years and the key uncertainties that may shape them. Looking out to 2050 – a decade further than in previous editions – the Outlook …

Eni, Agi S.p.A Board of Directors’ Members and Top Management Appointed: Lucia Calvosa as Chairman, Giuseppe Macchia as CEO
The Agi S.p.A. Shareholders’ Meeting concluded that the Board of Directors will be comprised of 6 members, each of which will remain in office for three years. Agi S.p.A. Shareholders’ Meeting appointed Lucia Calvosa, Giuseppe Macchia, Cristiana Argentino, Marco Bardazzi, Claudio Granata and Anna Elisa Messa as Board Directors, while …

Petrosibir: Production Report for August 2020
Petrosibir’s total oil production during August 2020 amounted to 32,699 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 …

Gazprom Neft Helps Develop Certification for 3D-Printed Icebreaker and Tanker Parts
The additive-technology-assisted refurbishment of equipment parts for Gazprom Neft icebreakers and tankers is to be certified by the Russian Maritime Register of Shipping — the company having developed a roadmap for the certification of technological process flows involved in working with 3D-printed metal hardware. The first consignments of parts ordered by Gazprom Neft for installation on the Andrey Vilkitsky icebreaker and the Gazpromneft-Zuid, …

OPEC Daily Basket Price: Thursday, 10 September 2020, Stood at $39.83 a Barrel
Vienna, Austria, 11 September 2020–The price of OPEC basket of thirteen crudes stood at $39.83 a barrel on Thursday, compared with $39.82 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 (Congo), …

OPEC Daily Basket Price: Wednesday, 9 September 2020, Stood at $39.82 a Barrel
Vienna, Austria, 10 September 2020–The price of OPEC basket of thirteen crudes stood at $39.82 a barrel on Wednesday, compared with $40.29 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 (Congo), …

LUKOIL to Build New Education Center in Kogalym
Valery Falkov, Russian Minister of Science and Higher Education, Natalya Komarova, Governor of Khanty-Mansi Autonomous Area – Yugra, and Vagit Alekperov, President of LUKOIL, have laid today the foundation stone of the future education center – a branch of Perm National Research Polytechnic University (Perm Tech). The Agreement on its …

East Siberian Oil and Gas Company JSC Drills a Record Multilateral Well
At the Yurubcheno-Tokhomskoye field in the Evenki Municipal District of the Krasnoyarsk Territory, the construction of a multi-hole well with four horizontal boreholes, a record for the Riphean deposits, was completed. The total length of the well is 5,280 m, the horizontal section is 2,220 m. The start-up oil production rate …