Eurasia Journal News

As part of its exploration campaign, Rosneft Oil Company has successfully completed the drilling of the first prospecting and appraisal well at the Vostochno-Pribrezhny license block on the shelf of Sakhalin Island, resulting in the discovery of a new oil field. The well was drilled by Rosneft’s own drilling contractor …

Specialists of RN-KrasnoyarskNIPIneft LLC (a subsidiary of Rosneft’s Corporate Research and Development Complex) have completed a pilot project to re-process and re-interpret 3D-seismic data acquired during the exploration of the Vankor field in 2003-2005. The use of updated seismic data has allowed to reduce geological risks of drilling, as well …

Rosneft’s Extraordinary General Meeting of Shareholders was held on 30 September, 2019 in form of absentee voting. Holders of 91.89% of the Company’s shares participated in the meeting.  Shareholders approved the dividend payment for H1 2019 in the amount of 15 rubles 34 kopecks per one issued share of the …

Vienna, Austria, 2 October 2019–The price of OPEC basket of fourteen crudes stood at $59.65 a barrel on Tuesday, compared with $61.09 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 …

AO NOVATEK announced today, that 15 LNG cargos from the Company’s Yamal LNG project were shipped eastbound to the Asian Pacific markets directly via the Northern Sea Route (“NSR”) during third quarter 2019. The eastbound shipments represented about 25% of all LNG dispatched from Yamal LNG during the quarter. Planned …

Royal Dutch Shell Plc, Eni SpA and their partners in the Karachaganak oil and gas venture may be required to pay an additional $1 billion to settle a dispute with Kazakhstan over revenue sharing, said people familiar with the matter. The claim from the Central Asian nation’s government comes on top of last …

Vienna, Austria, 1 October 2019–The price of OPEC basket of fourteen crudes stood at $61.09 a barrel on Monday, compared with $62.51 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 …

Zoltav (AIM: ZOL), the Russia-focused oil and gas exploration and production company, announces results for the six months ended 30 June 2019. Financial Summary ·    Revenues declined by 24% to RUB 632 million (USD 9.7 million) (H1 2018: RUB 831 million (USD 14 million)) ·    Total cost of sales was 2% lower at RUB 533.9 million (USD 8.2 million) (H1 2018: RUB …

In respect of the US Department of the Treasury’s Office of Foreign Assets Control order of including COSCO Shipping Tanker (Dalian) Co. and COSCO Shipping Tanker (Dalian) Seaman & Ship Management Co. into the Iran-related Specially Designated Nationals (“SDN”) list, as well as Teekay LNG Partners L.P. (“Teekay LNG”) statement, …

ConocoPhillips today completed its previously announced transaction to sell two ConocoPhillips United Kingdom (U.K.) subsidiaries to Chrysaor E&P Limited for $2.675 billion, plus interest and customary adjustments. Together, the subsidiaries indirectly held the company’s exploration and production assets in the U.K., as well as approximately $1.8 billion in asset retirement …