Gazprom Neft and the Government of the Khanty-Mansi Autonomous Okrug have Agreed on the Joint Development of Unmanned Vehicles in Yugra
Gazprom Neft and the Government of the Khanty-Mansiysk Autonomous Okrug – Ugra signed an agreement on cooperation in the use of unmanned vehicles, unmanned aerial vehicles and the use of software and hardware systems based on artificial intelligence. The document was signed by Alexander Dyukov, Chairman of the Gazprom Neft …
OPEC Daily Basket Price: Thursday, 13 August 2020, Stood at $45.34 a Barrel
Vienna, Austria, 14 August 2020–The price of OPEC basket of thirteen crudes stood at $45.34 a barrel on Thursday, compared with $45.08 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), …
Gazprom Neft Expands the Orenburg Oil Production Cluster
Gazprom Neft has discovered a new field in the west of the Orenburg Region. The asset will become part of the western oil production cluster of the company’s subsidiary, Gazpromneft-Orenburg, with a total resource base of about 30 million tons of oil. The development of the field is scheduled to begin in …
Volga Gas: Reducing CAPEX Spending, Slim Hole Drilling Program Offsets Production Decline
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide the following update on its 2020 development and exploration drilling activities and to provide information on plans for the remainder of the year. Drilling activities in the …
OPEC Daily Basket Price: Wednesday, 12 August 2020, Stood at $45.08 a Barrel
Vienna, Austria, 13 August 2020–The price of OPEC basket of thirteen crudes stood at $45.08 a barrel on Wednesday, compared with $45.21 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 Monthly Oil Market Report, July 2020
Crude Oil Price Movements Spot crude oil prices rose further in July, the third consecutive monthly increase. The OPEC Reference Basket (ORB) averaged $43.42/b in July, gaining $6.37 over the previous month to reach its highest value since February this year. The ORB year-to-date average is $39.85/b. Crude oil futures …
Terneftegaz: a Joint Venture Between Novatek and Total Located in the West Siberian Sub-Arctic
This article, written by Ben Seligman, focuses on a joint venture between Novatek, Russia’s largest independent gas producer, and France’s Total. The JV is called ‘Terneftegaz’. When we think of Novatek and Total’s partnerships in Russia, the big Arctic LNG projects, Yamal LNG and Arctic LNG 2, immediately come to …
Petrosibir: Production Report for July 2020
Petrosibir’s total oil production during July 2020 amounted to 34,614 barrels, equivalent to 1,117 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 10 469 …
OPEC Daily Basket Price: Tuesday, 11 August 2020, Stood at $45.21 a Barrel
Vienna, Austria, 12 August 2020–The price of OPEC basket of thirteen crudes stood at $45.21 a barrel on Tuesday, compared with $45.01 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: Monday, 10 August 2020 Stood at $45.01 a Barrel
Vienna, Austria, 11 August 2020–The price of OPEC basket of thirteen crudes stood at $45.01 a barrel on Monday, compared with $44.87 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), Girassol (Angola), Djeno (Congo), …