Caspian Sunrise: Acquisition of the Caspian Explorer
The Board of Caspian Sunrise is pleased to announce the proposed acquisition of the Caspian Explorer, a drilling vessel capable drilling exploration wells to depths of up to 6,000 meters in extremely shallow water, for a consideration of $25 million to be satisfied by the issue of 160,256,410 new Ordinary …
BP Chief Financial Officer Brian Gilvary to Retire and be Succeeded by Murray Auchincloss
The board of BP p.l.c. today announced that Brian Gilvary, BP chief financial officer (CFO), has decided to retire from the company and step down from the BP board on 30 June 2020. Gilvary has had a 34-year career with BP, including over eight years as CFO. He will be succeeded by Murray …
OPEC Daily Basket Price: Monday, 20 January 2020, Stood at $66.11 a Barrel
Vienna, Austria, 21 January 2020—The price of OPEC basket of fourteen crudes stood at $66.11 a barrel on Monday, compared with $65.58 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), …
OPEC Daily Basket Price: Friday, 17 January 2020, Stood at $65.58 a Barrel
Vienna, Austria, 20 January 2020—The price of OPEC basket of fourteen crudes stood at $65.58 a barrel on Friday, compared with $65.62 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 Shell Expand Joint Project for Development of Salym Group of Fields in Khanty-Mansi Autonomous Area
Gazprom Neft and Shell have agreed to expand their JV Salym Petroleum Development. The company’s portfolio of assets will include a license for the right to geological survey, exploration and production of conventional hydrocarbon reserves of the Salymsky 2 block in the Khanty Mansiisk Autonomous Region. Pursuant to the decision of the partners, Salym Petroleum Development N.V. (SPD) acquires from Gazpromneft …
OPEC Daily Basket Price: Thursday, 16 January 2020, Stood at $65.62 a Barrel
Vienna, Austria, 17 January 2020—The price of OPEC basket of fourteen crudes stood at $65.62 a barrel on Thursday, compared with $65.32 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), …
Prestigious Gubkin Oil and Gas Awards to be Held at RDCR 2020
Prestigious Gubkin Oil and Gas Awards to be Held For the First Time at RDCR 2020 Digitalization is the current “buzzword” across all major industrial sectors, and perhaps none more so than oil and gas. As part of the “Digital Energy” project, run under the patronage of Russia’s Deputy Prime …
Petrosibir: Production report for December 2019
Petrosibir’s total oil production during December 2019 amounted to 33,852 barrels, equivalent to 1,092 barrels per day. The table below summarises the average monthly / daily production in 2019 and 2018, broken down by region. TOTAL PRODUCTION, BBL 2018 2019 Average Jan Feb Mar Apr May Jun Bashkiria 12 916 …
OPEC Raised its Forecast for Oil Demand Growth in 2020
OPEC raised its forecast for oil demand growth in 2020 by 140 thousand barrels to 1.22 million barrels per day, the organization said in a report. The revision of the forecast is mainly related to the improvement of the forecast for the global economy in the current year. Also, the opinion …
OPEC Daily Basket Price: Wednesday, 15 January 2020, Stood at $65.32 a Barrel
Vienna, Austria, 16 January 2020—The price of OPEC basket of fourteen crudes stood at $65.32 a barrel on Wednesday, compared with $65.63 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), …