Eurasia Journal News

Total cumulative exports of ARCO and Novy Port oil, produced by Gazprom Neft at its Prirazlomonoye and Novoportovskoye fields, have now reached 30 million tonnes. The landmark consignment, shipped in mid-June from the road-to-sea transhipment complex at the Port of Murmansk, was delivered to customers in north—west Europe. The company’s total cumulative volume of Arctic-blend oil exports is now comparable to the capacity …

Specialists from RN-Purneftegaz, a subsidiary of Rosneft, have implemented modern technology that improves well productivity and extends production period. The development is based on the use of directed gas-dynamic effects on the bottomhole formation zone. As a result of pilot tests, the volume of additional oil production at four inclined injection wells …

Block Energy Plc (‘the Company’ or ‘Block’), the exploration and production company focused on the Republic of Georgia, is pleased to announce it has increased its working interest (‘WI’) in the West Rustavi licence (‘West Rustavi’ or ‘the Field’) from 71.5% to 100%, further to an agreement (‘the Agreement’) reached …

Vienna, Austria, 15 July 2019–The price of OPEC basket of fourteen crudes stood at $67.36 a barrel on Friday, compared with $67.57 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 …

The Kazakh Ministry of Energy, KazMunayGas and Eni signed a protocol of direct negotiations to grant the subsoil use right for exploration and production of hydrocarbons within joint operations on Abay, an offshore area in the Kazakhstani sector of the Caspian Sea. he Kazakh Ministry of Energy, KazMunayGas (KMG) and …

PAO NOVATEK today announced that Arcticgas, a joint venture between NOVATEK and PAO Gazprom Neft, successfully completed a horizontal well number “U2802” targeting the lower Achimov formation at the Urengoyskoye field. An eight-stage hydro-fracturing program was successfully completed utilizing a record-high proppant volume of 2,187 tons at well number “U2802” …

Vienna, Austria, 12 July 2019–The price of OPEC basket of fourteen crudes stood at $67.57 a barrel on Thursday, compared with $66.10 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 …

The Board of Caspian Sunrise is pleased to provide an operational update on progress across the structures already identified at the BNG Contract Area. Deep Wells A5 The Board is pleased to report success in milling away the 2.6-meter metallic obstruction in Well A5 at a depth of 3,887 meters, …

On July 9, President Shavkat Mirziyoyev signed a decree “On measures for stable provision of the economy and households with energy resources, financial rehabilitation and improvement of the management system of the oil and gas industry.” The document underscored the inefficiency of exploration, investment projects and pricing, as well as …

Development of Sakhalin’s offshore fields is complicated by unique severe ice conditions and requires huge costs, according to the researcher The Far Eastern Federal University in cooperation with Anchar Company suggests using an innovative technology of acoustic low-frequency oil and gas exploration for exploration of fields in the Arctic environment, …