Eurasia Journal News

On 26 April BP announced that Helge Lund would join the board as a non-executive director on 1 September, becoming chairman on 1 January 2019 when Carl-Henric Svanberg steps down. Mr Lund has been able now to join the board earlier; this will not affect the timing of his succession to …

The Gazprom Board of Directors reviewed and approved the efforts as part of the implementation of the Power of Siberia project and the shaping of gas processing infrastructure in Russia’s Far East. It was noted that Gazprom’s ambitious investment projects in the eastern part of Russia were pivotal to the country’s sustainable social and economic development. By exploring gas reserves and creating gas transmission and processing capacities, the Company works toward …

The Gazprom Board of Directors took note of the information about measures to facilitate the integration of domestically-manufactured equipment and technologies in the production operations of the Gazprom Group. It was highlighted that the Company had been for many years making consistent efforts to reduce the procurements of foreign equipment and technologies in favor of their domestic counterparts. In 2017, the share of Russian materials …

It was highlighted that advanced digital technologies were among the essential tools for development in the global economy. They make an enormous contribution to the evolution of production industries and business processes, enhancement of corporate governance efficiency, and strengthening of companies’ market positions in various sectors. In January 2008, Gazprom adopted its Informatization Strategy aiming to improve the transparency and …

Vienna, Austria, 26 July 2018–The price of OPEC basket of fifteen crudes stood at $72.87 a barrel on Wednesday, compared with $72.01 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), …

The price of OPEC basket of fifteen crudes stood at $72.01 a barrel on Tuesday, compared with $71.85 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 (Ecuador), Zafiro (Equatorial …

Exillon Energy plc (“Exillon Energy”, the “Company” or the “Group”) (EXI.LN), a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce unaudited production data for the month of June 2018 (“the Period”). ·     Our average daily production[1] was 9,144 …

IWCF launches global crew resource management digital initiative A new training initiative to help prevent oil and gas incidents by focusing on human behaviours has been launched free to industry by the International Well Control Forum (IWCF). Experts in human factors and strategic leadership developed the online training course with …

PJSC “LUKOIL” announces the completion of drilling of the first production well from the wellhead platform at the Yury Korchagin field in the Caspian Sea. The well was drilled within the second field development stage implemented to involve into production the Eastern part of the field.  The single-bore well with horizontal completion was …

The price of OPEC basket of fifteen crudes stood at $71.85 a barrel on Monday, compared with $71.57 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), Zafiro (Equatorial …