Caspian Sunrise: BNG Operational Update and May 2019 Production Report
The Company is pleased to provide an operational update at its flagship BNG asset. Deep Wells Deep Well A5 After further evaluation of the remedial options open to us we have concluded that a side-track from below the salt layer is preferable, at this stage, to a side-track commencing above …
Volga Gas: Drilling Update and Production Report for May 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 drilling operations and to announce its average production volumes for May 2019. Drilling Update Drilling of the Uzen 4 horizontal sidetrack into the shallower Albian …
OPEC Daily Basket Price: Friday, 31 May 2019, Stood at $64.15 a Barrel
Vienna, Austria, 3 June 2019–The price of OPEC basket of fourteen crudes stood at $64.15 a barrel on Friday, compared with $67.10 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 (Congo), …
Russia’s LUKOIL Says 2020 Capex May Exceed $8 billion
MOSCOW (Reuters) – Russian oil producer Lukoil’s capital expenditure may exceed $8 billion next year, the company’s Vice President Pavel Zhdanov said on Thursday. The oil producer sees its capex at between 475 billion and 500 billion roubles this year, depending on the global oil deal between OPEC and its …
LUKOIL to Launch Another Project in Kazakhstan
LUKOIL, Russia’s 2-nd largest oil company, will add another project in Kazakhstan to its portfolio, said Kurmangazy Iskaziyev, Deputy Chairman of the Management Board for Exploration, Production and Oilfield Services at Kazakhstan’s state company KazMunaiGas, Trend reports. Iskaziyev made the remarks at the 26th International Caspian Oil & Gas Conference in Baku, …
Exploratory Drilling at Azerbaijan’s Shah Deniz to Begin in 2020
Exploratory drilling of the deep-lying horizons of the Shah Deniz field will begin in 2020, Gary Jones, Regional President for Azerbaijan, Georgia and Turkey (AGT) at BP, said at the Caspian Oil and Gas conference in Baku, Trend reports. Jones stressed that this field is very important not only for Azerbaijan, but …
OPEC Daily Basket Price: Thursday, 30 May 2019, Stood at $67.10 a Barrel
Vienna, Austria, 31 May 2019–The price of OPEC basket of fourteen crudes stood at $67.10 a barrel on Thursday, compared with $67.75 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 …
LUKOIL: Q1 2019 Results – Revenue Up 13.5% yoy
PJSC “LUKOIL” today released its condensed interim consolidated financial statements for the three-month period ended 31 March 2019 prepared in accordance with International Financial Reporting Standards (IFRS). Financial Highlights 1Q 2019 4Q 2018 1Q 2019 1Q 2018 (RUB bln) 1,850.9 2,043.2 Sales 1,850.9 1,630.7 298.1 278.3 EBITDA 298.1 219.5 292.9 274.1 EBITDA excluding …
Caspian Sunrise: Third Core Contains Same Signs of Secondary Porosity and Oil Staining, Drilling to Continue
The Company is pleased to announce that an initial evaluation of the third core sample taken from Deep Well A8 shows it to contain the same signs of secondary porosity and oil staining as with the first two samples. The third core sample was 18 meters in length, starting at …
OPEC Daily Basket Price: Tuesday, 28 May 2019, Stood at $68.84 a Barrel
Vienna, Austria, 29 May 2019–The price of OPEC basket of fourteen crudes stood at $68.84 a barrel on Tuesday, compared with $67.42 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 …