OPEC Daily Basket Price: Wednesday, 9 October 2019, Stood at $58.65 a Barrel
Vienna, Austria, 10 October 2019–The price of OPEC basket of fourteen crudes stood at $58.65 a barrel on Wednesday, compared with $58.53 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), …
OPEC Daily Basket Price: Tuesday, 8 October 2019, Stood at $58.53 a Barrel
Vienna, Austria, 9 October 2019–The price of OPEC basket of fourteen crudes stood at $58.53 a barrel on Tuesday, compared with $59.09 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), …
Sumatec’s Kazakhstan Oil Field Project is Terminated
Sumatec Resources Bhd has received a notice from CaspiOilGas LLP (COG), owned by its executive vice-chairman Tan Sri Halim Saad, terminating a joint investment agreement (JIA) for the Rakushechnoye oil field project in Kazakhstan. In its filing to Bursa Malaysia today, Sumatec said SOG received the termination notice effective October …
OPEC Daily Basket Price: Monday, 7 October 2019, Stood at $59.09 a Barrel
Vienna, Austria, 8 October 2019–The price of OPEC basket of fourteen crudes stood at $59.09 a barrel on Monday, compared with $58.59 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 …
Condor Receives CA$5.1 Million Deposit for the Shoba and Taskuduk Oilfields Sale
Condor Petroleum Inc. is pleased to announce that its wholly owned subsidiary, Falcon Oil & Gas Ltd has received the CA$5.1 million initial deposit (US$3.8 million at the current exchange rate of 1.33) as part of the overall CA$32.7 million total proceeds Falcon is to receive for the sale of …
BP Chief Executive Bob Dudley to Retire, to be Succeeded by Bernard Looney
The Board of BP announced today that, after a 40-year career with BP and over nine years as group chief executive, Bob Dudley, 64, has decided to step down as group chief executive and from the BP Board following delivery of the company’s 2019 full year results on 4 February 2020 and will retire …
Caspian Sunrise: Workover Boosts Production Numbers, Two Thirds Sold on World Oil Prices
The Board of Caspian Sunrise are pleased to announce significantly improved production and revenue numbers for September 2019, from the shallow wells at its flagship BNG Contract Area. Oil produced in September 2019, was 40,826 barrels (36,530 barrels in August 2019) at the rate of 1,361 bopd (1,178 bopd in …
TMG Worldwide Announce New Portfolio Event under the “Well Engineering Forum” Series
TMG Worldwide are pleased to announce the launch of the inaugural West African Well Engineering Forum. WAWEF 2020, in partnership with the Ghana National Petroleum Corporation and local partners Soluserv GH Ltd, will take place at the Marriott Hotel Accra on the 20th February. The forum will follow the successful …
OPEC Daily Basket Price: Wednesday, 2 October 2019, Stood at $58.72 a Barrel
Vienna, Austria, 3 October 2019–The price of OPEC basket of fourteen crudes stood at $58.72 a barrel on Wednesday, compared with $59.65 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), …
Volga Gas: Production Report for September 2019
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 September 2019. Production Report The average production in September 2019 was 3,814 barrels of oil equivalent per day (13% lower than August 2019). Lower production …