Eurasia Journal News

bp and Equinor today announced the formation of a new strategic partnership to develop offshore wind projects in the US. This includes the development of existing offshore wind leases on the US East coast and jointly pursuing further opportunities for offshore wind in the US. Bernard Looney, bp’s chief executive, …

The gas-liquid jet apparatus (GZhSA) for increasing the volume of gas production at multilayer oil and gas condensate fields was developed by specialists of RN-Purneftegaz (a production asset of Rosneft). The use of GZhSA makes it possible to simultaneously operate high-pressure and low-pressure wells. Pilot tests at the RN-Purneftegaz Gubkinskoye field have …

Vienna, Austria, 9 September 2020–The price of OPEC basket of thirteen crudes stood at $40.29 a barrel on Tuesday, compared with $41.64 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), …

PAO NOVATEK announced that its joint venture Arctic LNG 2 (“Arctic LNG 2” and/or the “Project”) entered into long-term charter agreements on 14 Arc7 ice-class LNG tankers with SMART LNG (a joint venture between NOVATEK and PAO Sovcomflot), with the construction of the LNG tankers to be built at the Zvezda Shipbuilding …

Vienna, Austria, 7 September 2020–The price of OPEC basket of thirteen crudes stood at $43.42 a barrel on Friday, compared with $43.36 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), …

Vienna, Austria, 4 September 2020–The price of OPEC basket of thirteen crudes stood at $43.36 a barrel on Thursday, compared with $45.03 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), …

The celebrations of OPEC’s 60th Anniversary, which were originally scheduled this month in Baghdad where the Organization was founded, have been postponed. HE Ihsan Abdul Jabbar Ismaael, Iraq’s Oil Minister and Head of its Delegation to OPEC, said in a letter to HE Mohammad Sanusi Barkindo, OPEC Secretary General, that it …

Vienna, Austria, 3 September 2020–The price of OPEC basket of thirteen crudes stood at $45.03 a barrel on Wednesday, compared with $45.30 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), …

At today’s meeting of LUKOIL Board of Directors in Moscow the members of the Board reviewed the Company’s performance in the first half of 2020, budget execution and progress on the investment plan. The Directors noted that amid the COVID-19 pandemic and a slump in hydrocarbon demand and prices the …

Today PJSC Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 Interim Financial Reporting (IAS 34) for the six months ended June 30, 2020. The table below presents the unaudited consolidated interim condensed statement of comprehensive income for the six months ended June 30, 2020 and …