NOVATEK Registered License for Bukharinskiy License Area
AO NOVATEK announced today that Arctic LNG 1, a wholly owned subsidiary, registered license number SLH 16637 NR for geological survey, exploration and production at the Bukharinskiy subsoil license area on the Gydan Peninsula. The license area partially located in the shallow waters of the Ob and Taz bays in …
Exillon Energy: March Production Report
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechoraand West Siberia, is pleased to announce unaudited production data for the month of March 2020 (“the Period”). · Our average daily production[1] was 14,125 bbl/day during the period. · Average daily production for Exillon TP was …
Gazprom Neft Deploys Unmanned Technologies in the Arctic
Unmanned trucks have undergone successful testing at the Vostochno-Messoyakhskoye field in the Gydan Peninsula in the Yamalo-Nenets Autonomous Okrug (YNAO). This joint Gazprom Neft—Kamaz project has been implemented under the challenging natural and climatic conditions of the Arctic, with the support of the Government of the YNAO. The main objective of these tests is to confirm the potential effectiveness …
OPEC Daily Basket Price: Friday, 24 April 2020, Stood at $14.31 a Barrel
Vienna, Austria, 27 April 2020—The price of OPEC basket of thirteen crudes stood at $14.31 a barrel on Friday, compared with $15.23 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 Signed Memorandum on Production of Sulzer Oilfield Service Equipment in Kogalym
LUKOIL has signed a trilateral memorandum with Sulzer Ltd. and Kogalym Oilfield Equipment Service LLC (KNPO), which involves establishing a service company to maintain, repair and upgrade LUKOIL’s rotating equipment including compressors, pumps, etc. in the West Siberian region. The memorandum envisages the localization of spare parts production for energy-efficient …
PetroNeft Operations Update
PetroNeft (AIM: PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 is pleased to provide an update on the progress of the re-entry of the C-3 well on the Cheremshanskoye field in Licence …
Exillon Energy plc: February Production Report
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, is pleased to announce unaudited production data for the month of February 2020. · Our average daily production[1] was 13,463 bbl/day during the period. · Average daily production for Exillon TP …
Caspian Sunrise: New MJF Well Brings Aggregate Production up to 2000 bopd
The board is pleased to announce that New Well 153 has commenced production. Background Well 153, was the second of the MJF Phase 1 production wells drilled. It was spudded in mid-February 2020, and reached `Total Depth’ of 2,503 meters in early April 2020. Recently the first of several prospective …
OPEC Daily Basket Price: Thursday, 23 April 2020, Stood at $15.23 a Barrel
Vienna, Austria, 24 April 2020—The price of OPEC basket of thirteen crudes stood at $15.23 a barrel on Thursday, compared with $12.22 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), …
Eni’s CEO Defers 50% of His Long-Term Incentive Until 2021. Company Senior Managers do the Same.
Eni’s Chief Executive Officer, Claudio Descalzi, will defer the collection of half of his 2020 long-term incentive plan until 2021. The decision has been made due to the current health emergency and the situation in the oil & gas sector, and it joins the company’s measures to reduce investment and …