Gazprom Neft and IBM Research Brazil are using AI to improve quality in processing geological information
Research Cooperation Agreement on the use of machine learning systems and artificial intelligence (AI) aims to optimise the analysis and model creation from geological data More than 30 Gazprom Neft research geologists and IBM Research Brazil machine-learning research scientists have come together for the first time to share their unique knowledge, experience and skills …
LUKOIL continues to develop infrastructure of Caspian fields
LUKOIL continues to develop the infrastructure of its fields in the north of the Caspian Sea. Thus, the company has completed construction of the seventh well at production platform number two of Vladimir Filanovsky field. The newly constructed well has two bores. The drill depth of the main bore is …
Lukoil concludes contract for hydrocarbon exploration and development on Zhenis Block in Kazakhstan
PJSC LUKOIL (“LUKOIL”), the Ministry of Energy of the Republic of Kazakhstan and JSC NC KazMunayGas (“KazMunayGas”) have concluded a contract for the exploration and development of hydrocarbons on the Zhenis block in the Kazakh Sector of the Caspian Sea. Zhenis Operating LLP (a fifty-fifty joint venture between LUKOIL and …
LUKOIL continues successful appraisal drilling at Eridu field in Iraq
LUKOIL and INPEX CORPORATION have successfully completed testing of the fifth well as part of the appraisal phase at the Eridu field (Block 10) in the southern part of Iraq. The well recorded daily flow rate of more than 1,500 cubic meters of oil from the Mishrif formation and proved …
Prime Minister Askar Mamin: New industrialization should meet new challenges
“Last year, the processing industry showed a high dynamics and growth of 4.1%. Attracted investments for 1.1 trillion tenge. More than 13 thousand jobs have been created,” said Askar Mamin, noting the need to pay attention to a number of issues. First. Mechanical engineering should be one of the drivers …
OPEC Daily Basket Price: Tuesday, 2 April 2019, Stood at $68.83 a Barrel
Vienna, Austria, 3 April 2019–The price of OPEC basket of fourteen crudes stood at $68.83 a barrel on Tuesday, compared with $68.31 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 and Repsol Sign Heads of Agreement for LNG Supply from Arctic LNG 2
Today, Novatek Gas&Power Asia, a trading subsidiary of PAO NOVATEK (“NOVATEK” and/or the “Company”) announced at the International Conference & Exhibition on Liquefied Natural Gas in Shanghai, that it has signed a non-binding Heads of Agreement for the supply of LNG with Repsol. The Heads of Agreement envisages concluding a …
NOVATEK and Vitol Sign Agreement on LNG Supply from Arctic LNG 2
During the 19th International Conference & Exhibition on Liquefied Natural Gas (“LNG2019”) in Shanghai, Novatek Gas&Power Asia, a trading subsidiary of PAO NOVATEK (“NOVATEK” and/or the “Company”) and Vitol S.A. (“Vitol”) announced signing of Heads of Agreement (“Agreement”) for the supply of LNG. The Agreement envisages concluding a 15-year contract with …
OPEC Daily Basket Price: Monday, 1 April 2019, Stood at $68.31 a Barrel
Vienna, Austria, 2 April 2019–The price of OPEC basket of fourteen crudes stood at $68.31 a barrel on Monday, compared with $67.23 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 …
Parker Announces Approval For Listing On The NYSE
Parker Drilling Company (“Parker” or the “Company”) today announced that its common stock has been approved for listing on the NYSE. Parker expects that the common stock will begin trading on NYSE on or around April 3, 2019. The trading symbol for the common stock is “PKD,” which is the …