Eurasia Journal News

RN-Uvatneftegaz, a subsidiary of Rosneft Oil Company, has discovered a new oil field, Sosnovoye, with total C1+C2 reserves of 4.2 million tonnes. An industrial oil flow with a flow rate of more than 22 cubic metres per day was obtained at an appraisal well. The Sosnovoye field is located within …

Vienna, Austria, 19 November 2019–The price of OPEC basket of fourteen crudes stood at $63.44 a barrel on Monday, compared with $63.12 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), …

Vienna, Austria, 18 November 2019–The price of OPEC basket of fourteen crudes stood at $63.12 a barrel on Friday, compared with $63.00 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), …

TATNEFT Company and JSC “KazMunayGas” National Company” signed a “Roadmap” to ensure the implementation of the PJSC TATNEFT’s advanced experience in the oil and gas industry of the Republic of Kazakhstan. The document was signed during the visit of N.U. Maganov, General Director of TATNEFT to Nur-Sultan Republic of the …

Vienna, Austria, 15 November 2019–The price of OPEC basket of fourteen crudes stood at $63.00 a barrel on Thursday, compared with $62.48 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), …

Crude Oil Price Movements  The OPEC Reference Basket (ORB) value declined by $2.45, or 3.9%, month-on-month (m-o-m) in October to settle at $59.91/b. In October, ICE Brent was on average $2.65, or 4.3%, m-o-m lower at $59.63/b, and NYMEX WTI fell m-o-m by $2.96, or 5.2%, to average $54.01/b. Year-to-date …

Vienna, Austria, 14 November 2019–The price of OPEC basket of fourteen crudes stood at $62.48 a barrel on Wednesday, compared with $62.82 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), …

Condor Petroleum Inc., a Canadian based oil and gas company focused on exploration and production activities in Turkey and Kazakhstan, is pleased to announce the release of its unaudited interim condensed consolidated financial statements for the three and nine months ended September 30, 2019 together with the related management’s discussion …

Eni announces the industrial deployment of ECHELON, an advanced dynamic reservoir simulator, for optimization of field monitoring, development and production. ECHELON software allows to run thousands of parallel reservoir simulations in a record timeframe, further accelerating projects time-to-market. This technology will support Eni in managing uncertainty while improving early understanding …

Vienna, Austria, 12 November 2019–The price of OPEC basket of fourteen crudes stood at $62.26 a barrel on Monday, compared with $61.98 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), …