Eurasia Journal News

Tomskneft has commissioned two vacuum compressor stations at the Dvurechenskoye field for further transportation of compressed gas to a gas turbine power plant. The stations built within the framework of the company’s gas programme implementation provided for bringing the level of associated petroleum gas utilization up to the target of …

Rosneft Oil Company has won auctions for the Mezeninskoye, Severo-Dzhangodskoye, and Yangodskoye licence blocks located in the Dolgano-Nenets municipal district of Krasnoyarsk Territory. Rosneft succeeded in placing the best bid at the auctions due to the Company’s top capacity for synergies and the most efficient block development plan. Rosneft is …

Vienna, Austria, 13 December 2019–The price of OPEC basket of fourteen crudes stood at $65.81 a barrel on Thursday, compared with $65.38 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), …

Chevron Corporation today announced a 2020 organic capital and exploratory spending program of $20 billion. The 2020 budget supports a robust portfolio of upstream and downstream investments, highlighted by Chevron’s world-class Permian Basin position, the company’s major capital project at TCO in Kazakhstan, and an advantaged queue of deepwater opportunities …

Vienna, Austria, 12 December 2019–The price of OPEC basket of fourteen crudes stood at $65.38 a barrel on Wednesday, compared with $65.66 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), …

PetroNeft, the 50% owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to announce a conditional placing of 107,755,037 shares at a price of 1.5p. Highlights: Gross proceeds of US$2.12 million raised at £0.015 per share in a placing with institutional and other investors, a …

Crude Oil Price Movements  The OPEC Reference Basket (ORB) price rose by $3.03, or 5.1%, month-on-month (m-o-m) in November settling at $62.94/b. In November, ICE Brent averaged $3.08, or 5.2%, higher m-o-m at $62.71/b, while NYMEX WTI rose by $3.06, or 5.7%, m-o-m averaging $57.07/b. Year-to-date (y-t-d), ICE Brent averaged …

Gazprom Neft subsidiary Gazpromneft-Zapolyarye has begun liquid hydrocarbon production at the Zapadno-Tarkosalinskoye field in the Yamalo-Nenets Autonomous Okrug. Commercial oil inflow from the first horizontal well stands at 380 tonnes per day, with potential to increase to 600 tonnes. The commissioning of the first high-tech well marks the start of pilot development of the oil-bearing section of the Zapadno-Tarkosalinskoye oil …

Gazprom Neft is the first vertically integrated oil company (VIOC) in Russia to bring the monitoring of all equipment at automated filling stations together in a single “smart” system — its “Infrastructure Monitoring Centre” (IMC). The IMC’s automatic monitoring and predictive analytics capacities mean equipment status and filling stations’ fuel-quality and safety operational processes can be monitored online. The …

Gazprom Neft has begun active development of an oil-rim deposit at the Chayandinskoye oil and gas condensate field. Commercial inflow at the first production well is more than 150 tonnes of oil per day. The company plans to produce up to three million tonnes of oil equivalent (mtoe) per year, going forward. Gazprom Neft subsidiary Gazpromneft-Zapolyarye has begun shipping commercial …