Eurasia Journal News

Vienna, Austria, 23 April 2019–The price of OPEC basket of fourteen crudes stood at $72.44 a barrel on Monday, compared with $70.83 the previous Thursday, 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 …

Gazprom Neft subsidiary Gazpromneft-Zapolyarye has concluded long-term risk-based operator agreements with Gazprom PJSC subsidiaries, allowing the company to start developing Achimov strata at the Yamburgskoye oil and gas condensate field as well as oil-rim deposits at its parent company’s Pestsovoye and En-Yakhinskoye fields. Gazprom Neft has begun implementing large-scale projects involving the development of Achimov oil deposits …

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 …

BP and partners have sanctioned the Azeri Central East (ACE) project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oilfield complex in the Azerbaijan sector of the Caspian Sea. The $6 billion development includes a new offshore platform and facilities designed to process up to 100,000 barrels …

The investment decision follows an agreement with the Government of Azerbaijan to extend the life of the ACG field until 2049. The new platform, called ACE (Azeri-Central-East), will be integrated with existing infrastructure. It is designed to process up to 100,000 barrels of oil per day and expected to produce …

Since 1994 the company has been successfully developing Sakhalin-2, one of the largest and most technically challenging projects in the oil and gas industry. With the benefit of the advanced technologies and expertise of its shareholders, the Sakhalin-2 operator has built a solid base for LNG production, a new sector …

Vienna, Austria, 17 April 2019–The price of OPEC basket of fourteen crudes stood at $70.11 a barrel on Tuesday, compared with $70.21 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), …

Fitch Ratings has affirmed Eni’s long-term solicited rating at “A-” with stable outlook. The rating expresses the strong credit quality of Eni and reflects, according to Fitch, its growth prospects and strong asset diversification. Fitch has also assigned the expected short-term solicited rating at “F1 (EXP)”. source

Vienna, Austria, 16 April 2019–The price of OPEC basket of fourteen crudes stood at $70.21 a barrel on Monday, compared with $70.44 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), …

PetroNeft has agreed to issue 13,884,594 Ordinary Shares in settlement of liabilities as follows: Shares in lieu of cash to pay David Sturt for deferred Non-Executive Director fees: The Company owed Mr Sturt accrued fees totalling €44,806 from his time as non-executive Director of the company up until his appointment …