Uzbekneftegaz, SOCAR Eyeing Joint Oil Production in the Caspian Sea
Uzbekneftegaz and SOCAR are set to explore the opportunities for joint oil production in the Caspian Sea, the Uzbekistan Ministry of Energy said. The First Deputy Minister of Energy of Uzbekistan, Jurabek Mirzamakhmudov and Chairman of Uzbekneftegaz, Bakhodir Sidikov during the talks in Baku with SOCAR President, Rovnag Abdullayev discussed …
OPEC Daily Basket Price: Wednesday, 16 October 2019, Stood at $59.28 a Barrel
Vienna, Austria, 17 October 2019–The price of OPEC basket of fourteen crudes stood at $59.28 a barrel on Wednesday, compared with $59.62 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), …
Rosneft’s Arctic Projects In Trouble Unless They Can Secure $40 Billion In Tax Subsidies From Kremlin
On Thursday October 10, The Moscow Times reported that Rosneft’s ambitious Arctic plans could be put on hold if the company fails to secure 2.6 trillion rubles ($40 billion) in tax cuts from the Russian government. The state-owned oil company is looking to sell a 40% stake in one of its most …
Netherlands Oilfield Service Companies are Interested in Establishing of Joint Ventures in Kazakhstan
From the 7th to the 10th of October the Offshore energy exhibition and conference (OEEC) took place in Amsterdam (Netherlands), in which a delegation of Kazakhstan oilfield service organizations and enterprises participated. OEEC is a significant event in Europe, it is an exhibition, in which participate representatives of all offshore …
LUKOIL Enters the Ghasha Project for the Extraction of Hydrocarbons in the UAE
Today in Abu Dhabi (UAE), as part of the state visit of Vladimir Putin, the President of the Russian Federation, Accession to the Ghasha Concession Agreement with a 5% share was signed by Vagit Alekperov, President of PJSC LUKOIL, and His Excellency Dr. Sultan Ahmed Al Jaber, Group CEO of …
OPEC Daily Basket Price: Tuesday, 15 October 2019, Stood at $59.62 a Barrel
Vienna, Austria, 16 October 2019–The price of OPEC basket of fourteen crudes stood at $59.62 a barrel on Tuesday, compared with $59.95 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), …
Eni Included in the Top 10 of Sustainability Reporting by the World Business Council for Sustainable Development
Eni was included this year, for the first time, in the top 10 of the companies best reporting on their sustainability performance, an analysis published by the World Business Council for Sustainable Development (WBCSD) showed. Reporting matters is the WBCSD’s annual review of member companies’ sustainability and integrated reports, in partnership …
Exillon Energy: September Production Report
15 October 2019 – Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce unaudited production data for the month of September 2019 (“the Period”). · Our average daily production[1] was 11,992 bbl/day during the period. · Average …
OPEC Daily Basket Price: Monday, 14 October 2019, Stood at $59.95 a Barrel
Vienna, Austria, 15 October 2019–The price of OPEC basket of fourteen crudes stood at $59.95 a barrel on Monday, compared with $60.97 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), …
Gazprom Neft Assesses the Impact of its Technology Projects to 2025
Gazprom Neft has completed the first cycle of its Technology Strategy, following the completion of a total 27 projects — the economic benefits of these being more than twice the initial investment. Long-term income from technology projects due for completion by 2025 is estimated at RUB130 billion,* with incremental production estimated at 110 million tonnes of oil equivalent (mtoe), and reserves growth …