Eurasia Journal News

Condor Petroleum Inc. (“Condor” or the “Company”) (TSX: CPI), a Canadian based oil and gas company focused on exploration, development and production activities in Turkey and Kazakhstan, is pleased to announce Andrew Judson has joined the Board of Directors. Mr. Judson has more than 24 years of capital markets experience, …

The total gas production from the Shah Deniz field has reached 100 billion cubic meters. The milestone was achieved at the end of December, exactly 12 years after the first announcement of the start-up of commercial gas production from the field and operations of the South Caucasus Pipeline, BP Azerbaijan told …

Gazprom Neft is developing a unique digital system for selecting optimum well-logging investigations in line with wells’ technical features and formation characteristics. Implementing this solution could allow the company’s capital and operating costs to be reduced by RUB450 million over the next 10 years. Various geophysical well-survey systems (geographic information systems (GIS)) are now being used in studying …

Digital modules have been launched at Gazpromneft Khantos’ Production Control Centre, responsible for oil production processes, optimising well loads and maintaining reservoir pressure. The economic impact of digitising production over the next three years could exceed RUB2 billion, with additional production potentially increasing by up to 1.5 percent. New software products are the key elements behind the …

Gazprom Neft and Repsol have established a joint venture to undertake geological exploration in the Karabashsky zone of the Khanty-Mansi Autonomous Okrug-Yugra. The partners have jointly acquired a 100-percent interest in ASB Geo LLC, which holds the exploration license for the Karabashsky 10 block in the Khanty-Mansi Autonomous Okrug. Pursuant to the Shareholders’ Agreement, the company is to be managed on a partnership basis. The …

As the end of 2018 is approaching Petrosibir would like to briefly summarize the efforts during the year. In the spring of 2018 the drilling campaign that commenced in 2017 was finalised in Komi with encouraging results. The campaign included drilling of six new wells and subsequent fraccing. The flow …

The Andrey Vilkitsky icebreaker, built as part of Gazprom Neft’s “Time of the Arctic” programme, has been launched in St Petersburg — the Alexander Sannikov icebreaker and six oil tankers having already been brought into operation. These cutting-edge icebreakers have been built to order for Gazprom Neft to operate around the Novoportovskoye field’s Arctic terminal in the Gulf of Ob …

Vienna, Austria, 21 December 2018–The price of OPEC basket of fifteen crudes stood at $53.92 a barrel on Thursday, compared with $55.13 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), Oriente …

TATNEFT produced the 5 millionth tonne of hydrocarbon raw materials since the start of developing high-viscosity oil (HVO) fields at TATNEFT. Beginning in the 70ies of the twentieth century, the Republic of Tatarstan was and remains a scientific and practical testing ground for the country to develop technologies for production …

Gazprom Neft subsidiary Gazpromneft-Khantos has secured subsoil usage rights for geological prospecting, development and production at the Severo-Vaiskiy and Srednevaiskiy license blocks in the Khanty-Mansi Autonomous Okrug—Yugra. The Severo-Vaiskiy and Srednevaiskiy license blocks are located in the Kondinskiy district of the Khanty-Mansi Autonomous Okrug, and are of 502 and 211 square metres in size, respectively. According …