Lukoil Will Contribute € 6.2 Billion to Lukoil International to Finance Investments Abroad
The Board of Directors of “Lukoil” offers shareholders at an extraordinary meeting on December 4 to approve a deal to make a cash contribution to the charter capital of Lukoil International in the amount of € 6.2 billion, according to the company’s materials for the meeting. “The purpose of making …
Rosneft Realizes the Concept of Digital Oilfield
Specialists of the Tyumen Oil Scientific Center (part of the Rosneft Corporate Scientific and Project Complex) are developing innovative software for the automation of gas and gas condensate fields of the Company. The concept provides for a two-level fishery management system, where the lower level consists of a number of …
Pertosibir: Production Report for July 2018
Petrosibir’s total oil production in July 2018 amounted to 44,615 barrels, equivalent to 1,439 barrels per day. The tables below summarises the average monthly / daily production in 2017 and 2018, broken down by region. TOTAL PRODUCTION, BBL 2017 2018 Average Jan Feb Mar Apr May Jun Bashkiria 13 195 …
Rosneft: Sets New Daily Drilling Record
Rosneft set a new record for the daily drill drilling industry, drilling 56,708 meters. The previous record also held by Rosneft – a little less than a year ago the drilled 53,094 meters. The growth in the drilling performance became possible due to the improvement in drilling planning and management system and the …
Yamal LNG Realized LNG Commissioning in Record Time
PAO NOVATEK announced that Yamal LNG has launched the second LNG train and dispatched the first cargo from this unit. The second LNG train commissioned six months ahead of its original schedule, and combined with the first LNG train launch in December 2017, has achieved the commissioning of the …
Russian Oil Industry Increase their Investment in Production by 40%
Russian oil and gas companies are practically the only ones in the world who continue to record a record increase in investments in mining projects. In 2017, investments grew by almost 40%, in 2018, growth will continue Russian oil and gas companies have sharply increased their investments in mining projects, …
Vladimir Putin Signs a Law on Low Oil Export Duties
Russian President Vladimir Putin signed a law on reducing export duties on oil within the framework of tax maneuver. The corresponding document is published on the portal of legal information. The tax maneuver provides that the export duty on oil will decrease from the current 30% to 0% within six …
Pavel Sorokin: Domestic Equipment for the Development of TRIZ Will Appear in Russia in 3-6 years
Equipment produced by the Russian Federation for the development of hard-to-recover reserves (TRIZ) of hydrocarbons will appear in 2021-2024. This was announced by Deputy Minister of Energy of the Russian Federation Pavel Sorokin. “The process is long, but I think it’s necessary to look at the horizon of three to …
Gazprom Neft Establish the Bazhen Center in the Khanty-Mansiysk Autonomous District
The task of the new LLC will be the formation of a complex of profitable technologies for the development of the Bazhenov suite. Gazprom Neft created the Technological Center Bazhen LLC in the Khanty-Mansiysk Autonomous Okrug. The main task of the new unit will be the formation of a complex …
OPEC: Wednesday, 8 August 2018, Daily Basket Price Stood at $72.21 a Barrel
Vienna, Austria, 9 August 2018–The price of OPEC basket of fifteen crudes stood at $72.21 a barrel on Wednesday, compared with $72.58 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 …