Eurasia Journal News

Volga Gas plc, the oil and gas exploration and production group operating in the Volga region of Russia, announces a change in its directorate. Ronald Freeman has advised the Board that after 13 years of service as an independent non-executive director of the Company he wishes to retire with effect of 31 …

Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide the following update on its average production volumes for November 2019. Production Report The average production in November 2019 was 4,687 barrels of oil equivalent per day (50% higher than October 2019). Higher production resulted …

The Board of Directors of PJSC “RussNeft” approved the Company’s Business Plan for 2020. The target level of production in the Business Plan is 7.035 million tons (excluding oil production in Azerbaijan). The Board of Directors of RussNeft approved the target indicators of the Company’s production program for the next …

Vienna, Austria, 2 December 2019–The price of OPEC basket of fourteen crudes stood at $63.83 a barrel on Friday, compared with $63.94 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), …

Specialists of JSC NK Kondaneft, a subsidiary of Rosneft, for the first time in the world performed hydraulic fracturing in sandstones using a fluid based on a synthetic polymer. An innovative solution allows to increase the effective length of rock cracks up to 30% compared to standard methods, which is especially …

Tyumenneftegaz, a part of Rosneft’s oil production complex, has started the delivery of the first oil from the unique Russkoye field to the Zapolyarye-Purpe trunk pipeline system. It was possible to increase the efficiency of oil transportation thanks to the completion of construction and commissioning of the first launch complex …

Vienna, Austria, 28 November 2019–The price of OPEC basket of fourteen crudes stood at $64.40 a barrel on Wednesday, compared with $63.92 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), …

The Board of Caspian Sunrise are pleased to provide an operational update from the Company’s flagship BNG Contract Area. Deep Wells A5 The drilling phase has been completed without incident and Baker Hughes has been contracted to undertake the cementing work. The side-track, which commenced from a depth of 3,976 …

Vienna, Austria, 27 November 2019–The price of OPEC basket of fourteen crudes stood at $63.92 a barrel on Tuesday, compared with $64.21 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), …

PJSC LUKOIL today released its condensed interim consolidated financial statements as of and for the three and nine months ended 30 September 2019, prepared in accordance with International Financial Reporting Standards (IFRS). Financial highlights 3Q 2019 2Q 2019   9M 2019 9M 2018 (RUB bln) 1,952.3 2,125.6 Sales 5,928.8 5,992.7 327.8 332.2 EBITDA 958.0 …