Tatneft: Results of the Company’s Innovative Activities
The inventive and innovative activities of TATNEFT employees make a significant contribution to the implementation of the Company’s Strategy. In 2018, the innovators of TATNEFT submitted 5,208 rationalization proposals and more than 50,000 ideas for improvement of the working conditions and technological processes in the Company. More than 900 results …
OPEC Daily Basket Price: Wednesday, 30 January 2019, Stood at $60.93 a Barrel
Vienna, Austria, 31 January 2019–The price of OPEC basket of fourteen crudes stood at $60.93 a barrel on Wednesday, compared with $59.71 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), …
OPEC Daily Basket Price: Tuesday, 29 January 2019, Stood at $59.71 a Barrel
Vienna, Austria, 30 January 2019–The price of OPEC basket of fourteen crudes stood at $59.71 a barrel on Tuesday, compared with $59.57 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), …
TatNIPIneft: Patents New Tool for TAML Completions
TATNEFT Company has obtained the patent of the Russian Federation No. 2674355 for the invention “Method of construction of a multilateral well and a device for the well cementing”. The patented device is used for drilling, cementing and workover of oil and gas wells and allows creating a tight connection …
Urals Energy: Share Price Changes Not Connected to Any Material Changes in the Company’s Position
The Board of Urals Energy PCL, the independent oil and gas exploration and production company with operations in Russia, has noted the recent rises in the Company’s share price. The Board does not believe that there has been a material change to the Group’s overall operational or working capital position …
BP Talks Deep Gas Production at ACG in Azerbaijan
BP is planning to start deep gas production in the Azeri-Chirag-Gunashli (ACG) block located in the Azerbaijani sector of the Caspian Sea. Negotiations continue on deep gas production from the Azeri-Chirag-Gunashli (ACG) block, BP Azerbaijan Vice President Bakhtiyar Aslanbayli told Trend on January 28. He said that deep gas at the ACG …
RussNeft Increases its Reserves by 40 Million Tonnes in 2018
PJSC “RussNeft” oil reserves growth amounted to 39.6 million tonnes in 2018. The bulk of geological exploration works in the reporting year was done in Khanty-Mansi Autonomous Okrug. Every year the Company implements the extensive exploration programme, and the main focus areas of the oil reserves addition are the unconventional …
Gazprom and OMV Discuss Relevant Cooperation Issues
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, took place in St. Petersburg today. The parties reviewed current issues related to cooperation. It was noted that 2018 had been marked by the signing of documents that were of strategic importance for further interaction in a wide range of areas. Particular attention …
BP Invests in New Artificial Intelligence Technology
BP Ventures has invested $5 million in Belmont Technology’s Series A financing to further bolster BP’s artificial intelligence (AI) and digital capabilities in its Upstream business. The investment supports BP’s ongoing work exploring opportunities to apply machine learning and cognitive computing in its global oil and gas business. The Houston …
OPEC Daily Basket Price: Friday, 25 January 2019, Stood at $60.90 a Barrel
Vienna, Austria, 28 January 2019–The price of OPEC basket of fourteen crudes stood at $60.90 a barrel on Friday, compared with $60.22 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 …