Eurasia Journal News

Shareholders of the project for development of Azeri-Chirag-Gunashli block of oil and gas fields in the Azerbaijani sector of the Caspian Sea are considering buying shares held by the U.S. ExxonMobil Corporation and Chevron, Elshad Nasirov vice president for marketing and investment at Azerbaijan’s state oil company SOCAR told Bloomberg. …

BP Azerbaijan is planning to conduct three-dimensional seismic exploration on the D230 block in the Azerbaijani sector of the Caspian Sea in 2019-2020. This is stated in the Environmental and Socio-Economic Impact Assessment (ESIA) document for the seismic exploration program on BP-Azerbaijan’s D230 block, Report informs. According to the document, the seismic survey will …

Vienna, Austria, 8 February 2019–The price of OPEC basket of fourteen crudes stood at $61.57 a barrel on Thursday, compared with $62.30 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 (Congo), …

The Gazprom Board of Directors took note of the information about the ongoing implementation of advanced digital technologies within the Gazprom Group. It was highlighted that Gazprom considered digital technologies to be one of key aspects of further improving the Company’s corporate governance and strengthening its market positions, as well as a vital tool for achieving its strategic goals. Systematic work in this area …

LUKOIL commenced drilling of new production wells at West Qurna-2 field as part of the second development phase. The company has so far concluded contracts to drill 57 production wells, including 54 wells at Mishrif formation and 3 wells at Yamama formation. The drilling campaign will ramp up production at …

Vienna, Austria, 7 February 2019–The price of OPEC basket of fourteen crudes stood at $62.30 a barrel on Wednesday, compared with $62.07 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), …

The Gazprom Board of Directors took note of the information on the Gazprom Group’s cost optimization (reduction) efforts in 2018 and its priorities in this area for 2019. It was stressed that cost reduction was one of Gazprom’s key activities in boosting its operational and investment efficiency. Last year, as before, the Company followed its comprehensive approach to controlling cost growth rates. Gazprom …

A Gazprom delegation headed by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, paid a working visit to the Islamic Republic of Pakistan today. As part of the visit, Vitaly Markelov and Mobin Saulat, Managing Director of Inter State Gas Systems (Private) Ltd., signed a Memorandum of Understanding. The document, which serves as a follow-up to the Memorandum inked by the Ministry of Energy of the …

Vienna, Austria, 6 February 2019–The price of OPEC basket of fourteen crudes stood at $62.07 a barrel on Tuesday, compared with $62.32 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 …

Vienna, Austria, 5 February 2019–The price of OPEC basket of fourteen crudes stood at $62.32 a barrel on Monday, compared with $60.93 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 …