Eurasia Journal News

LUKOIL reports on the approval of the amendments to the Group’s Health, Safety and Environmental Protection in the 21st Century Policy (the Policy) aimed at further development of the Company’s carbon management system. The amendments were made pursuant to the resolution of the Company’s Board of Directors to start developing further goals to …

Russia said on Monday it had successfully put out a fire at a Siberian oil well after officials called in the military to shoot anti-tank artillery shells at the wellhead from a distance in order to quell the flames. The well in Siberia’s Irkutsk region, operated by a subsidiary of …

Vienna, Austria, 9 June 2020–The price of OPEC basket of thirteen crudes stood at $38.89 a barrel on Monday, compared with $36.83 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), …

Vienna, Austria, 8 June 2020–The price of OPEC basket of thirteen crudes stood at $36.83 a barrel on Friday, compared with $34.84 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 179th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held via videoconference, on 06 June 2020, under the Chairmanship of its President, HE Mohamed Arkab, Minister of Energy of Algeria and Head of its Delegation. The Conference welcomed new ministers: HE Dr. Ali Haidar …

The 11th OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Saturday, 06 June 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 Meeting recalled the rights of peoples and …

A double-bored multilateral well for developing Achimovsky strata — involving a construction unique to Russia — has been commissioned by Gazpromneft-Noyabrskneftegaz at its Vyngayakhinskoye field.* In line with international classifications, the well is deemed to have a “TAML-3” level of complexity.** The well’s construction means oil inflows can be double those achieved in single-barrel wells. Specialists based around the Bolshaya Achimovka project office, including …

The Bazhenov Technology Centre (a Gazprom Neft subsidiary) is preparing to commence development of Bazhenov Formation deposits at Salym-group license blocks in the Khanty-Mansi Autonomous Okrug-Yugra. Commercial production of non-conventional oil — of which reserves in place at the Salymsky-3 and Salymsky-5 blocks stand at more than 500 million tonnes of oil — is expected to start in 2025. Gazprom Neft has completed 3D-seismic investigations at the Salymsky-3 block, …

On June 5th Rosneft celebrates World Environment Day. One of the main priorities of the Company is environmental protection and development of environmental technologies. Over the past two years, Rosneft’s green investments amounted to 80 billion rubles. The funds were allocated for implementation of key projects related to the rational …

Vienna, Austria, 4 June 2020–The price of OPEC basket of thirteen crudes stood at $35.46 a barrel on Wednesday, compared with $34.95 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), …