OPEC daily basket price stood at $107.66 a barrel Friday, 22 July 2022
Vienna, Austria, 25 July 2022–The price of OPEC basket of thirteen crudes stood at $107.66 a barrel on Friday, compared with $107.50 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 …
Rystad Energy: OCTG Prices in Japan and China Diverge While European and Chinese Steel Prices Narrow
OCTG prices for Japan rise on high raw material prices, while they drop in China due to lower demand. Scrap metal prices fall and the price gap between European and Chinese steel narrows with global steel production set to be close, but not match the 2020 peak. Here is Rystad …
OPEC Daily Basket Price Stood at $110.27 a Barrel Tuesday, 19 July 2022, Compared With $108.76 the Previous Day
Vienna, Austria, 20 July 2022–The price of OPEC basket of thirteen crudes stood at $110.27 a barrel on Tuesday, compared with $108.76 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 …
Gazprom and NIOC Sign Memorandum of Understanding for Strategic Cooperation
During the visit of Russian President Vladimir Putin to the Islamic Republic of Iran, a Memorandum of Understanding for strategic cooperation was signed today in Tehran by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Mohsen Khojastehmehr, CEO of National Iranian Oil Company. The document envisages the analysis of cooperation prospects, inter alia, in the following areas: development of Iranian …
Gazprom Neft Expands the Use of Equipment Made of Russian Non-Magnetic Steel
Gazprom Neft has started introducing drilling equipment made of domestic non-magnetic steel. Testing of samples at the deposits of the YaNAO and KhMAO confirmed the high strength of the alloy and its resistance to corrosion. At the same time, Russian material surpasses foreign analogues in a number of indicators. The …
GGE: An Oil Pumping Station With a Tank Farm Will be Reconstructed at the ESPO-II Section
Transneft continues to develop the capacity of the second stage of the Eastern Siberia – Pacific Ocean trunk system. The reconstruction of the oil pumping station NPS-34 with a tank farm will be carried out at the site Skovorodino – Spetsmornefteport Kozmino. The project documentation and the results of engineering …
Gazprom Formally Requests Siemens to Provide Documents Required for Retrieval of Gas Turbine Engine for Portovaya CS
On July 15, Gazprom formally approached Siemens with a request to provide documents that, taking into account the current sanction regimes imposed by Canada and the European Union, would be necessary for transferring back to Russia the gas turbine engine for the Portovaya CS, which is a facility of critical importance to the Nord Stream gas pipeline. The Company also formally requested …
Russia’s Gazprom tells European buyers it cannot guarantee gas supplies
Force majeure declared in letter to customers concerns supplies via Nord Stream 1 pipeline, says source. Russia’s Gazprom has told customers in Europe it cannot guarantee gas supplies because of “extraordinary” circumstances, according to a letter seen by Reuters, upping the ante in an economic tit-for-tat with the west over …
OPEC Daily Basket Price Stood at $108.76 a Barrel Monday, 18 July 2022
Vienna, Austria, 19 July 2022–The price of OPEC basket of thirteen crudes stood at $108.76 a barrel on Monday, compared with $104.39 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 …
bp and thyssenkrupp Steel work together to advance the decarbonisation of steel production
bp and thyssenkrupp Steel today announced they have signed a memorandum of understanding (MoU) focused on the development of long-term supply of low carbon hydrogen and renewable power in steel production, helping accelerate the steel industry’s wider energy transition. thyssenkrupp Steel accounts for 2.5 percent of CO2 emissions in Germany, …