Eurasia Journal News

The Minister of Energy of Algeria and President of the OPEC Conference in 2020, HE Mohamed Arkab, has said that following an extraordinary meeting of the Joint Technical Committee (JTC) held in Vienna, from 4-6 Feburary 2020, the JTC has recommended  extending voluntary production adjustments under the ‘Declaration of Cooperation’ …

Vienna, Austria, 10 February 2020—The price of OPEC basket of fourteen crudes stood at $55.11 a barrel on Friday, compared with $55.72 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  today announced that Arcticgas, a joint venture between NOVATEK and PAO Gazprom Neft, expanded the gas condensate treatment facility’s capacity at the Samburgskiy license area to accommodate the increased volumes of gas condensate from developing the Achimov horizons. Pilot operation started at the facility’s third stage with a …

The organisers are pleased to announce that Drillmec, a global leader in the design and development of “next generation” drilling rigs – will return to RDCR 2020 as Silver Sponsors. Drillmec, has over 30 years experience working throughout Russia and the CIS, and through regional partners and local experts – …

FTSE Russell, the analytic branch of the London Stock Exchange, has included Rosneft Oil Company in the international FTSE4Good Emerging Index. Rosneft has been awarded the highest mark in the Governance category that comprises corporate governance, risk management, and corruption control. With its performance indicators, Rosneft is ahead of most …

Rosneft Oil Company and Indian Oil Corporation Limited (IOCL) signed a contract to supply up to 2 million tonnes of oil to India via the port of Novorossiysk by the end of 2020. The signing took place during the visit of the Chief Executive Officer of Rosneft Igor Sechin to …

Rosneft Oil Company joined the leading global oil and gas companies – participants of the global CDP (formerly, Carbon Disclosure Project) Climate Change Rating. As a result of an independent assessment, Rosneft was assigned the “B” rating – the highest among the participating Russian oil and gas companies and two …

Gazprom Neft has become the first company in Russia to use a unique technology — hybrid multi-stage fracking — to increase oil inflow in Achimovsky strata, following testing at Gazpromeft Noyabrskneftegaz’s Vyngayakhinskoye field in the Yamalo-Nenets Autonomous Okrug. Works undertaken suggest initial production, from a single well, currently stands at 300 tonnes per day — three times higher than anticipated. This technology …

Vienna, Austria, 6 February 2020—The price of OPEC basket of fourteen crudes stood at $54.99 a barrel on Wednesday, compared with $54.66 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, 5 February 2020—The price of OPEC basket of fourteen crudes stood at $54.66 a barrel on Tuesday, compared with $55.51 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), …