OPEC: Daily Basket Price, Friday, 20 July 2018 – $71.57 a Barrel
The price of OPEC basket of fifteen crudes stood at $71.57 a barrel on Friday, compared with $70.91 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 …
Yamal LNG Ships Third Million Tons of LNG
OAO Yamal LNG has shipped three million tons of LNG produced at its first LNG train. Yamal LNG reached the third millionth ton shipped on the 41st cargo loaded from the first LNG train since its launch in December 2017. In July, the summer navigational period commenced on the Northern …
Urals Energy: Tanker Shipment Update
The Board of Urals Energy, the independent exploration and production company with operations in Russia, is pleased to provide the following operational update. Tanker shipment update The price per barrel for the tanker shipment announced on 16 July 2018 has now been confirmed as US$76.46 per barrel. After taking into …
LUKOIL Takes FID on The Rakushechnoye Field
PJSC “LUKOIL” took the final investment decision on the Rakushechnoye field development project in the Caspian Sea. The field infrastructure under the taken decision includes a fixed offshore ice-resistant platform, a living quarters platform, a crossover bridge, as well as subsea interfield pipelines and cable lines for the connection with …
Belgian Firm Pledges 50m Makeover of Hamina Port
The Belgian transport engineering company Sarens has agreed to double a planned investment to modernise the port of Hamina in southeast Finland. The deal builds on a 2016 agreement between Sarens and Tengizchevroil (TCO) — a consortium of oil companies operating the Tengiz oil field in Kazakhstan — to build …
Rosneft Develops Unique Models of “Hybrid twins”
Specialists of JSC VNIIKTIneftekhimoborudovanie (part of the corporate scientific and design complex of PJSC NK Rosneft) are implementing a project to create a unique model of Hybrid Twins, which allows to significantly improve the safety of operation of production facilities. The development of technological potential is one of the key …
OPEC: Daily Basket Price, 19 July 2018, $70.91 a Barrel
The price of OPEC basket of fifteen crudes stood at $70.91 a barrel on Thursday, compared with $69.98 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 …
NOVATEK Shipped First LNG Cargos to China
PAO NOVATEK (“NOVATEK” and/or the “Company”) has shipped its first cargos of liquefied natural gas (LNG) from the Yamal LNG project to China via the Northern Sea Route. Today, in the presence of Alexander Novak, the Minister of Energy of Russia and Nur Bekri, the Director of the National Energy …
OPEC: Daily Basket Price, Wednesday, 18 July 2018, $69.98 a Barrel
The price of OPEC basket of fifteen crudes stood at $69.98 a barrel on Wednesday, compared with $70.38 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 …
Luca Vignati, Executive Vice President, Central Asia Region at Eni, Talks About the Firm’s Journey in Kazakhstan, its Key Achievements Over the Last Year, and Support from the Authorities
How would you describe Eni’s remarkable journey in Kazakhstan since the company first established in the local market in 1992? The past 25-plus years in Kazakhstan have been an incredibly exciting for Eni, and we are very proud to have been engaged in two world-class projects—Karachaganak and Kashagan—since their inception. …