Kazakhstan to Double Natural Gas Exports to China to 10 Bcm/year in 2019
Kazakhstan’s national gas shipping company KazTransGaz and PetroChina International Company on Monday inked a five-year contract to double Kazakh natural gas exports to China to 10 billion cubic meters/year from 2019. The deal comes as Kazakhstan increases gas production, with associated petroleum gas accounting for the bulk of the output, …
OPEC Daily Basket Price: 23 October 2018, Stood at $77.11 a Barrel Tuesday
Vienna, Austria, 24 October 2018–The price of OPEC basket of fifteen crudes stood at $77.11 a barrel on Tuesday, compared with $78.68 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), …
Urals Energy: Working Capital Constrained, Accountants’ Review Initiated
Further to the announcements made on 15 October 2018 and 10 October 2018, the board of Urals Energy, the independent exploration and production company with operations in Russia, provides the following update on the Group’s working capital position and other matters. The Company’s announcements of 15 October 2018 and 10 …
Efficient Technology of TatNIPIneft
Professionals of the TATNEFT Company’s TatNIPIneft R&D Institute have developed an efficient technology that allows enhancing crude oil recovery. The technology of steam gravity drainage with application of a thermal gel composition (TGC) allows improving the crude oil recovery from shallow deposits of high viscosity oil (HVO). The TGC technology …
Gazprom to Start Production Drilling at Kovyktinskoye Field in 2019
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Sergey Levchenko, Governor of the Irkutsk Region, took place in St. Petersburg today. The parties discussed ongoing and future cooperation, noting the strategic importance of the Irkutsk Region for Gazprom. There, the Company is shaping the Irkutsk gas production center on the basis of the Kovyktinskoye field. Gazprom …
OPEC Daily Basket: Friday, 19 October 2018, Price Stood at $78.15 a Barrel
Vienna, Austria, 22 October 2018–The price of OPEC basket of fifteen crudes stood at $78.15 a barrel on Friday, compared with $78.25 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), …
LUKOIL and Uzbekneftegaz Sign Memorandum of Understanding
President of LUKOIL Vagit Alekperov and Acting Chairman of the Board of Uzbekneftegaz Bahrom Ashrafhanov signed a memorandum of understanding, in Tashkent, Uzbekistan, today. The signing ceremony was part of the Russo-Uzbek negotiations, with Russian Federation President Vladimir Putin and the Republic of Uzbekistan President Shavkat Mirziyoyev taking part. According …
Shtokman: Onstream by 2035 via Pipeline or LNG?
Russia has really warmed up to the idea of becoming a competitive player on the LNG market, as we have established several times, largely thanks to the Yamal LNG project. On the waves of success, the Russian Energy Ministry is now putting forward its own agenda – during the latest session …
SamaraNIPIneft: Developing SAGD Technology for Heavy Oil
Specialists of SamaraNIPIneft LLC (part of the Rosneft Corporate Research and Development Complex) have developed a technology for the development of deposits of high-viscosity oil, which consists of additional drilling of an injection well with thermal effects on the formation. This solution allows to achieve a 30% increase in the …
Rosneft: Erginsky Cluster Production Exceeds 6,000 Tons a Day
Rosneft Oil Company has reached the level of production of more than 6 thousand tons of oil per day at the Erginsky cluster of fields. On January 1 2018. the indicator of oil production was 2,250 tons, an increase from the beginning of the year amounted to 285%. The cumulative …