Eurasia Journal News

Companies from Kazakhstan and Italy may soon be conducting joint exploration of the Abay oil and gas block in Kazakhstan’s sector of the Caspian Sea. Earlier this week representatives signed a joint operating agreement (JOA) and negotiated a carry agreement (CA) for the purpose of investing in the upstream project. Kazakhstan’s state-owned …

Vienna, Austria, 14 March 2019–The price of OPEC basket of fourteen crudes stood at $66.60 a barrel on Wednesday, compared with $66.30 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 …

With less than 4 weeks to go until the RDCR Well Engineering Forum, we are pleased to announce further sponsors and provide a quick snapshot of the delegates confirmed to date, a full list will be announced next week. Sponsorship Update: MTU Friedrichshafen confirms Gold Sponsorship: MTU is a regular …

Acting within the framework of the Concept of RPM (reservoir pressure maintenance) System Development until TATNEFT Company has continued the introduction of promising technologies to maintain the reservoir pressure, aimed at improving the production efficiency and reducing the energy costs. In 2018, the plan the Company put into operation 143 …

Replenishment of oil reserves of RN-Uvatneftegaz, a subsidiary of Rosneft, amounted to 238% in 2018. Replacement reserves of industrial categories АВ1С1 amounted to 25.2 million tons. High rates of exploration and drilling allowed to achieve such growth. According to the exploration program, 17 exploratory and exploratory wells were built on …

Tyumenneftegaz, a Subsidiary of Rosneft, drilled 15 downhole splitters at Russkoe field in 2018, which is 30% more year-on-year. All the drilled horizontal wellbores and laterals are over 16 000 km in length. This technology enables increasing a start-up oil rate by 20-30%, as compared to a conventional horizontal well. Given geology …

BP and Environmental Defense Fund (EDF) announced today a three-year strategic commitment to advance technologies and practices to reduce methane emissions from the global oil and gas supply chain. The agreement enables joint collaboration on projects that test technologies and emerging strategies to continue to improve methane management. Working with …

Vienna, Austria, 13 March 2019–The price of OPEC basket of fourteen crudes stood at $66.30 a barrel on Tuesday, compared with $66.01 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 …

Vyacheslav Tyurin has been appointed Director General of Gazprom Invest. Vyacheslav Tyurin Vyacheslav Tyurin was born in 1960 in Kamensk-Uralsky, Sverdlovsk Region. He graduated from Kirov Ural Polytechnic Institute. In 1991–1999, he held managerial positions at commercial entities based in Nizhnevartovsk and Moscow. In 1999–2002, he served as Director General of SG-Trans at the Ministry of Energy of the Russian Federation. He has been part of Gazprom’s …

Petrosibir’s total oil production in February 2019 amounted to 32,587 barrels, equivalent to 1,164 barrels per day. The tables below summarises the average monthly / daily production in 2019 and 2018, broken down by region.  2018  2019 Average Jan Feb Total production Bashkiria 12 916 11 884 10 607 Komi …