Eurasia Journal News

ConocoPhillips today announced its 2019 capital expenditure budget and operating plan. The operating plan reflects the company’s ongoing commitment to free cash flow generation, differentiated payout to shareholders and superior financial returns through business cycles. The 2019 operating plan is expected to continue driving underlying improvement in return on capital …

The board of directors of Urals Energy (the “Board”), the independent exploration and production company with operations in Russia, announces that the Company has received a letter from Adler Impex S.A. (the “Requisitioner”) regarding a purported requisition for Urals Energy to convene an extraordinary general meeting of the Company (the …

PAO NOVATEK announced today that its joint venture Yamal LNG has reached full capacity at the plant’s three LNG trains. The Yamal LNG project was implemented in record time and on budget with the launches of the second and third trains made ahead of schedule by six months and more …

Vienna, Austria, 6 December 2018–The price of OPEC basket of fifteen crudes stood at $60.08 a barrel on Wednesday, compared with $61.09 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 …

The award ceremony for the 2018 edition of Gazprom’s Science and Technology Prize took place at the meeting of the Company’s Management Committee. The paper entitled “Creating and adopting innovative methods of tight gas development to increase cost efficiency of production” by Severneftegazprom won the top prize at the contest. The paper describes the results of implementing a set of adjusted design and …

Yamal LNG has offloaded its one hundredth cargo of liquefied natural gas (LNG) – less than a year since the Project’s first shipment in December 2017. The hundredth cargo was loaded onto the Arc7 ice-class LNG carrier “Fedor Litke”, making the Project’s cumulative to-date delivery 7.4 million tons. source

Vienna, Austria, 4 December 2018–The price of OPEC basket of fifteen crudes stood at $60.64 a barrel on Monday, compared with $58.33 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 (Congo), Oriente (Ecuador), …

Rosneft Oil Company and Chinese Hengli Group signed a cooperation agreement as part of the first Russian-Chinese energy business forum. The document was signed by Igor Sechin, Chief Executive Officer of Rosneft Oil Company, and Chen Jianhua, President of Hengli Group. The agreement provides for potential cooperation of the parties …

Igor Sechin, the Chief Executive Officer of Rosneft Oil Company and the Executive Secretary of the Presidential Commission for Strategic Development of the Fuel and Energy Sector and Environmental Security, held a meeting with the First Vice Premier of the State Council of the People’s Republic of China Han Zheng. …

Igor Sechin, the Chief Executive Officer of Rosneft Oil Company, and Wang Yilin, the Chairman of the Board of the China National Petroleum Corporation (CNPC), held a working meeting during the first Russian-Chinese Energy Business Forum. The executives signed a science and technology Memorandum of Understanding (MoU). The MoU covers …