Russia Will Contribute 47% of Former Soviet Union’s New-Build Gas Processing Capacity Growth by 2023, says GlobalData
Russia will drive growth in Former Soviet Union’s (FSU) gas processing industry from planned and announced plants between 2019 and 2023, contributing around 6,531 mmcfd of the FSU’s total gas processing capacity additions, according to GlobalData, a leading data and analytics company. The company’s report: ‘Gas Processing Industry Outlook in …
NOVATEK and CNODC Sign Entrance Agreement to Arctic LNG 2
PAO NOVATEK announced today at the Second Belt and Road Forum for International Cooperation that China National Oil and Gas Exploration and Development Company Ltd (“CNODC”), a wholly owned subsidiary of China National Petroleum Corporation (“CNPC”), has signed a binding agreement to enter the Arctic LNG 2 project. The binding …
RDCR Well Engineering Forum Continues to Grow
RDCR 2019 welcomed 474 delegates to the Kempinski Baltschug Hotel in Moscow on the 11th April – an increase of 27% on last year. The organisers are proud to boast the highest ratio of Operator to Service company delegates of any forum in the CIS. Interested in the numbers? 141 …
OPEC Daily Basket Price: Wednesday, 24 April 2019, Stood at $73.43 a Barrel
Vienna, Austria, 25 April 2019–The price of OPEC basket of fourteen crudes stood at $73.43 a barrel on Wednesday, compared with $73.37 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 …
Eni: First Quarter 2019 Results
Today, Eni’s Board of Directors approved the Group results for the first quarter of 2019 (unaudited). Commenting on the results, Claudio Descalzi, CEO of Eni, remarked: “I am very pleased of the excellent industrial and financial performance delivered by Eni in IQ 2019. Particularly, in light of a substantially unchanged …
OPEC Daily Basket Price: Tuesday, 23 April 2019, Stood at $73.37 a Barrel
Vienna, Austria, 24 April 2019–The price of OPEC basket of fourteen crudes stood at $73.37 a barrel on Tuesday, compared with $72.44 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 …
PetroNeft Resources: Increase in Reserves for Licence 67 Following Drilling Success
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 (the remaining 50% held by Arawak Energy), is pleased to give the following update in relation to reserves at its Licence 67. Highlights New …
Equinor Strengthens its Commitment to Climate Leadership
In a joint statement prepared with investors participating in Climate Action 100+, Equinor announces new steps to demonstrate further industry leadership on climate change and strong support for the goals of the Paris Agreement. Equinor has climate at the core of its business strategy and has set short-, medium- and …
The Gazprom Neft Board Reviewed the Performance of the Company’s Investment Programme in 2018
The Gazprom Neft Board of Directors has reviewed information on the company’s budgetary and investment programme performance in 2018. Gazprom Neft showed considerable improvement in its financial and operational performance in 2018, both year-on-year and against target, with the company’s activities in many respects exceeding industry averages and making a significant contribution to achieving Gazprom Neft’s strategic goals. Growth …
LUKOIL Produced 100 Million Tons of Oil at the West Qurna-2 Field
Cumulative production at the West Qurna-2 field has reached 100 million tons of oil as part of successful implementation of Phase 1 of the project. With 184 wells drilled at the field, the average daily production rate is 400,000 barrels. To manage the field’s production, LUKOIL uses the intelligent field …