Eurasia Journal News

Vienna, Austria, 14 February 2020—The price of OPEC basket of fourteen crudes stood at $55.86 a barrel on Thursday, compared with $55.54 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), …

Vladimir Putin has held a working meeting with Rosneft Oil Company Chief Executive Officer Igor Sechin. The Company’s 2019 results and its promising projects were the main topics of the meeting. According to Igor Sechin, despite the deteriorating international situation, the 2019 results of Rosneft’s operation remained positive. For instance, …

BP today set a new ambition to become a net zero company by 2050 or sooner, and to help the world get to net zero. The ambition is supported by ten aims: Five aims to get BP to net zero: 1. Net zero across BP’s operations on an absolute basis …

The January OPEC Reference Basket (ORB) value ended $1.38, or 2.1%, lower, month-on-month (m-o-m), averaging $65.10/b. In January, ICE Brent averaged $1.50, or 2.3%, m-o-m lower at $63.67/b, while NYMEX WTI dropped $2.28, or 3.8%, averaging $57.53/b. Year-to-date (y-t-d), ICE Brent was $3.43, or 5.7%, higher at $63.67/b, while NYMEX …

One of the main discussion topics of the upcoming forum of the 8th RDCR 2020 – Well Engineering Forum, will be the digitalization in the oil and gas industry. Platinum sponsor RDCR-2020, NIPT GNT, JSC , together with the Center for Creative Leadership (CCL) – a global provider of leadership research and organizational development – are …

Gazpromneft-Vostok has commissioned a new gas-transmission system at the Urmano-Archinskaya group of fields at the Yuzhno-Pudinsky license block in the Tomsk Oblast.* Implementing this project has facilitated a four-fold increase in commercial-gas delivery volumes, as well as increasing overall associated petroleum gas (APG) utilisation to 95 percent. This new infrastructure makes it possible to transport gas from fields at the Yuzhno-Pudinsky license block and …

Vienna, Austria, 12 February 2020—The price of OPEC basket of fourteen crudes stood at $54.16 a barrel on Tuesday, compared with $54.17 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 and Mubadala Petroleum have entered into a Memorandum of Cooperation on technological collaboration. Gazprom Neft and Mubadala Petroleum have agreed to work together in developing new technologies — key areas in this collaboration being the development of innovative solutions in oil production, and digitalisation of production processes. The parties will also investigate opportunities for technological cooperation in other areas. …

SOCAR AQS and Halliburton have announced the signing of a memo. The document marks an agreement between the companies to create a new joint venture that will provide a broad range of materials and services for the oil industry in Azerbaijan. “By uniting our unique knowledge, experience, and infrastructure in …

According to operational data, PJSC “RussNeft”, a part of SAFMAR Group, produced 600.182 thousand tonnes of oil in January 2020 (608 thousand tonnes in January 2019). Oil production by enterprises in the reporting period: Western Siberian Group – 458.841 thousand tonnes; Central Siberian Group – 33.268 thousand tonnes; Volga Group …