OPEC Daily Basket Price: Tuesday, 2 July 2019, Stood at $63.95 a Barrel
Vienna, Austria, 3 July 2019–The price of OPEC basket of fourteen crudes stood at $63.95 a barrel on Tuesday, compared with $65.71 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), …
Yamal LNG Has Produced Nine Million Tons of LNG in First Half 2019
OAO Yamal LNG (“Yamal LNG” and/or the “Project”) has announced that it has produced 9.0 million tons of LNG and 0.6 million tons of stable gas condensate in the first half 2019. All three LNG trains were running above nameplate capacity in the first half of 2019. For the same …
Volga Gas plc: Drilling Update and Production Report for June 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 May 2019. Drilling Update Drilling of Uzen 4 horizontal sidetrack into the shallower Albian reservoir commenced on 16th March and completed on …
OPEC 176th Meeting Concludes
he 176th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Monday, 01 July 2019, under the Chairmanship of its President, HE Manuel Salvador Quevedo Fernandez, People’s Minister of Petroleum of the Bolivarian Republic of Venezuela and Head of its Delegation. …
OPEC Daily Basket Price: Monday, 1 July 2019, Stood at $65.71 a Barrel
Vienna, Austria, 2 July 2019–The price of OPEC basket of fourteen crudes stood at $65.71 a barrel on Monday, compared with $65.60 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), …
Gazprom Neft Developed and Successfully Tested New Superhard Materials
Gazprom Neft’s Science and Technology Center has completed successful trials with a prototype of drill bit blades for drilling equipment that are made from a new superhard material, tungsten pentaboride. The design of this unique material was ordered by Gazprom Neft, and it is 30% stronger and twice more resistant to high temperatures than its alternatives used to manufacture the …
Representatives of Leading Investment Companies Visit Rosneft Production Facilities in Eastern Siberia
Representatives of leading investment companies visited the production facilities of Rosneft Oil Company in Eastern Siberia. The event was attended by more than 30 analysts from global investment banks (including Bank of America Merrill Lynch, Morgan Stanley, Goldman Sachs, UBS, Credit Suisse, JP Morgan) and portfolio managers from investment funds …
KNDC: Launches State-of-Art Drilling Training Facility at the Tengiz Field
KNDC, the leading drilling contractor in Kazakhstan, has launched a new state-of-art drilling training facility in the Tengiz field. The full-size DS5000 simulator features the very latest technology by Drilling Systems company. This technology realistically mirrors the environment of a land rig so that staff can fine-tune their skills in …
OPEC Daily Basket Price: Friday, 28 June 2019, Stood at $65.60 a Barrel
Vienna, Austria, 1 July 2019–The price of OPEC basket of fourteen crudes stood at $65.60 a barrel on Friday, compared with $65.61 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), …
NOVATEK, Mitsui and JOGMEC Sign Sale Agreement for Arctic LNG 2 Stake
Today, in the presence of the President of Russian Federation Vladimir Putin, and the Prime Minister of Japan Shinzo Abe, PAO NOVATEK (“NOVATEK” and/or the “Company”) and the consortium of Mitsui & Co (“Mitsui”) and Japan Oil, Gas and Metals National Corporation (“JOGMEC”) signed the Sales and Purchase Agreement (“Agreement”) …