New Oil and Gas Field Discovered in Uzbekistan
A new oil and gas condensate field – Bohoriston has been discovered in Uzbekistan. This was reported on the official website of Epsilon, which conducts work on the Mubarek investment block. The exploratory well drilling at the field began on June 2, 2019. And just a few months later, the …
Diesel Fuel Systems: Reduce Fouling with Biocide Treatments
Diesel system plays critical role for oil and gas production facilities. This system is used for emergency shutdown of production systems or emergency power generation. That is why it is crucial to have good quality diesel fuel. Diesel in offshore and remote onshore shipped onsite and stored for the long …
Rosneft to seek compensation from Transneft for drop in oil output
Russia’s biggest oil producer Rosneft said for the first time that it will claim compensation from pipeline monopoly Transneft for a drop in oil output due to the contamination in the Transneft network earlier this year. Topics: ROSNEFT RUSSIA OIL The contamination, first discovered in April in Belarus, led to the stoppage of …
Gazprom Neft increases net profit by 29% in H1 2019
Net profit for H1 2019 of RUB215.0 billion — a 29.2% increase year-on-year Adjusted EBITDA* up 10.8% year-on-year, reaching RUB408.1 billion Net debt to EBITDA ratio as at end H1 standing at 0.54x Gazprom Neft today announces its consolidated IFRS financial results for the first six months (H1) and second quarter (Q2) of 2019. Gazprom Neft’s revenue in the first six months …
LUKOIL: Operating Results 1H 2019 – Production Up 2.8%
For the six months of 2019 LUKOIL Group’s average hydrocarbon production excluding the West Qurna-2 project was 2,352 thousand boe per day, which is 2.8% higher year-on-year. The increase was mainly driven by the development of gas projects in Uzbekistan, as well as oil production growth in Russia due to …
Petrosibir: Production Report for July 2019
Petrosibir’s total oil production during July 2019 amounted to 34,925 barrels, equivalent to 1,127 barrels per day. The table below summarises the average monthly / daily production in 2019 and 2018, broken down by region. TOTAL PRODUCTION, BBL 2018 2019 Average Jan Feb Mar Apr May Jun Bashkiria 12 916 …
OPEC Daily Basket Price: Tuesday, 6 August 2019, Stood at $59.71 a Barrel
Vienna, Austria, 7 August 2019–The price of OPEC basket of fourteen crudes stood at $59.71 a barrel on Tuesday, compared with $60.54 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 …
OPEC Daily Basket Price: Monday, 5 August 2019, Stood at $60.54 a Barrel
Vienna, Austria, 6 August 2019–The price of OPEC basket of fourteen crudes stood at $60.54 a barrel on Monday, compared with $61.67 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), …
Caspian Sunrise: July Production Dip Expected Due to Postponement of Remedial Work
The Board of Caspian Sunrise is pleased to update the market with production numbers for July 2019. Monthly production numbers The Board also announces that for the month of July 2019 total production from BNG was 39,034 barrels (May 38,571 barrels) and that the daily average production was 1,259 barrels …
Gazprom Neft Presents its 2018 Sustainable Development Report
Gazprom Neft has published its 2018 Sustainable Development Report — produced in line with international best practice and the highest standards in sustainable development — the GRI Sustainability Reporting Standards (GRI Standards). In order to confirm the company’s adherence to the best international standards in non-financial reporting on sustainable development the report was, for the first time, subject to an independent audit …