Yamal LNG Shipped First LNG Cargo to Spain
PAO NOVATEK (“NOVATEK”) announced today that Yamal LNG shipped the first cargo of liquefied natural gas (LNG) to Spanish company Gas Natural Fenosa in accordance with the long-term offtake agreement. The 170 thousand cubic meter Arc7 ice-class LNG carrier “Fedor Litke” unloaded the first cargo in the port of Mugardos …
Planned Production Fields Lead Global Oil & Gas Capital Expenditure Outlook, Says GlobalData
A total capital expenditure (capex) of $3.3 trillion is expected to be spent globally across oil and gas value chain on planned and announced projects between 2018 and 2025. Of the total capex, $545bn is expected to be spent alone in 2018, according to GlobalData, a leading data and analytics …
Urals Energy: South Dagi – Drilling Program Delayed, Workover Ops Proving Successful
The Board of Urals Energy, the independent exploration and production company with operations in Russia, is pleased to provide an update on its drilling operations at the South Dagi licence area on Sakhalin Island. South Dagi licence on Sakhalin Island. The Company’s initial South Dagi development programme consists of the …
Gazprom and ChelPipe Discuss Ongoing Cooperation
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Andrey Komarov, Chairman of the Board of Directors of ChelPipe, took place in St. Petersburg today. The meeting addressed the ongoing cooperation, including supplies of large-diameter pipes for Gazprom’s strategic projects. The parties also discussed issues related to joint sci-tech efforts, namely the development of pipes for offshore projects …
Russian Oil Export Duty Phase-Out Requires Balancing Act, Says GlobalData
Russia’s recent decision (June 6, 2018) to complete the ‘tax maneuver’ and phase out oil export duty will have wide-ranging policy implications, says GlobalData, a leading data and analytics company. The tax maneuver commenced in 2015 with the marginal export duty rate reduced from 59% to 30% over three years. …
LUKOIL Commissions Third Well at Filanovsky Field Second Stage
LUKOIL completed the construction and commissioned the third well at the second development stage of the Vladimir Filanovsky field in the Caspian Sea. This is a bilateral horizontal oil producing well. The length of the main wellbore is 3,795 meters while the lateral is 3,762 meters long. Well’s initial flow rate exceeded 3.2 thousand tonnes of …
Gazprom Becomes First Russian Energy Company to Conduct Independent Audit of Greenhouse Gas Emissions
Gazprom became the first Russian energy company to perform an independent audit review (assurance) of corporate information on greenhouse gas emissions. The audit was carried out by KPMG, an audit and advisory company, in compliance with international standards. The positive results of the independent audit review prove the efficiency of the corporate system for greenhouse gas monitoring, accounting and …
LUKOIL: To Invest $270 mln on Exploration in the Zhenis Block
Russia’s second largest oil company Lukoil plans to invest $270 million in exploration at the Zhenis licence area in the Kazakh part of the Caspian Sea, Lukoil’s president Vagit Alekperov said in Astana on Tuesday. Lukoil and Kazakh state oil company KMG signed an agreement in principle on Tuesday for …
Petrosibir: Production Report for May 2018
Petrosibir’s total oil production in May 2018 amounted to 40,799 barrels, equivalent to 1,316 barrels per day. The table below summarises the average monthly / daily production in 2017 and the production in 2018 broken down by region. 2017 2018 Average Jan Feb Mar Apr May Total production …
Tatneft: May Figures – 317 New Wells, 761 Workover Wells
Crude Oil Production The enterprises of TATNEFT Croup of Companies produced 2,446 thousand tonnes of crude oil in May 2018, while the production volume for five months amounted to 11,910 thousand tonnes, which was 110 thousand tonnes less than in 2017 In this volume the production of PJSC TATNEFT amounted …