5th KDR Anniversary is Underway
The 5th KDR Well Engineering Forum is underway with a packed hall listening to keynote speeches from KazPetroDrilling, KMG and ENI. TMG Worldwide would like to thank all our sponsors, presenters and delegates for marking this 5th Anniversary Event.
Rosneft: Company Statement on Venezuelan Operations
In connection with statements by US special envoy Elliott Abrams, Rosneft reaffirms its position regarding the Company’s operations in Venezuela. Rosneft is an investor in the oil and gas sector of Venezuela and has been such long before the introduction of US sanctions against Venezuela. Accordingly, any attempt to restrict the …
Rosneft: Begins Production Drilling at the Chaprovskoye Field
Rosneft has begun production drilling at the third field of the Erginsky cluster – Chaprovskoye. By the end of the year, it is planned to drill 8 directional and 4 horizontal wells. Drilling production wells based on the successful results of exploration is conducted by a specialized subsidiary of RN-Drilling Company using …
LUKOIL: Acquires 25% Interest in the Marine XII Project in Congo
PJSC LUKOIL announces the closure of the acquisition of a 25% interest in the Marine XII project in the Republic of Congo from New Age M12 Holdings Limited. The transaction was closed after all suspensive conditions were met, including the approval of the government of the Republic of the Congo.
OPEC daily basket price stood at $60.75 a barrel Friday, 6 September 2019
Vienna, Austria, 9 September 2019–The price of OPEC basket of fourteen crudes stood at $60.75 a barrel on Friday, compared with $60.58 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), …
Gazprom Neft: Starts Chayandinskoye Field Pilot Development
Gazprom Neft has begun drilling wells at one of Russia’s largest oil and gas condensate fields — the Chayandinskoye, with proactive pilot development scheduled to start in Q4 2019. Gazprom Neft is developing the Chayandinskoye oil-rim deposit under an operatorship agreement with Gazprom Dobycha Noyabrsk LLC. A production well built by Gazprom Neft will be used initially for core and …
Gazprom Neft: Becomes First Company to Report Reserves Digitally
Gazprom Neft, together with the Russian Federal Geological Fund (Rosgeolfond, a state budgetary institution), has tested the first ever digital scheme for submitting state statistical reports on changes in hydrocarbon reserves to the State Register of Mineral Reserves, with a digital form being successfully used by Gazprom Neft’s largest subsidiary, Gazpromneft-Noyabrskneftegaz with assistance from specialists from the …
Rosneft Holds Round Table with Japanese Business Representatives at the Eastern Economic Forum
As part of the 5th Eastern Economic Forum, Rosneft has held a round table with leading representatives of the energy industry of Japan and heads of major Japanese corporations. Participants of the event discussed the prospects of cooperation and the existing projects of Rosneft and Japanese companies. The event was …
Rosneft: FEFU to Conduct Survey for Rosneft to Determine Structural Behaviour of Deformed Ice
Rosneft Oil Company and Far Eastern Federal University (FEFU) have signed a contract for research aimed to determine the structural behaviour of deformed ice for the design of marine hydraulic structures, during the 5th Eastern Economic Forum. The scope of work under the contract provides for studies of deformed ice …
OPEC Daily Basket Price: Wednesday, 4 September 2019, Stood at $58.97 a Barrel
Vienna, Austria, 5 September 2019–The price of OPEC basket of fourteen crudes stood at $58.97 a barrel on Wednesday, compared with $57.81 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), …