Taas-Yuryakh Neftegazodobycha Produces the 20 Millionth Ton of Oil
The Taas-Yuryakh Neftegazodobycha company, which is part of the oil and gas production complex of NK Rosneft, has produced the 20 millionth ton of oil since the beginning of commercial operation of the Srednebotuobinskoye oil and gas condensate field. Achieving a high cumulative production rate has become possible thanks to …
OPEC Daily Basket Price: Wednesday, 1 December 2021, Stood at $71.63 a Barrel
Vienna, Austria, 2 December 2021 – The price of OPEC basket of thirteen crudes stood at $71.63 a barrel on Wednesday, compared with $71.01 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), …
Gazprom: Gas Production and Supplies – Results for 11 Months
According to preliminary data, Gazprom produced 467.6 billion cubic meters of gas in January-November of 2021, which is 14.7 per cent (or 60 billion cubic meters) more than in the same period of last year. Gazprom ramped up its domestic supplies from the gas transmission system by 15.8 per cent (or by 30.4 billion cubic …
Tatneft: Figures Demonstrating Operation Results in November and for Eleven Months of 2021
Crude Oil Production Enterprises of the TATNEFT Group of Companies produced 2,359.2 thousand tonnes of crude oil in November with the production volume from the beginning of the year amounting to 25,390.6 thousand tonnes, which was 1,565.7 thousand tonnes more than during the same period in 2020. PJSC TATNEFT’s production …
NOVATEK and PetroVietnam Power Sign Cooperation Agreement on LNG and Power
During the official visit of the President of the Socialist Republic of Vietnam Nguyen Xuan Phuc, PAO NOVATEK (“NOVATEK” and/or the “Company”) and PetroVietnam Power signed the Cooperation Agreement on LNG and power projects in Vietnam (the “Agreement”). President Nguyen Xuan Phuc and NOVATEK’s Chairman of the Management Board Leonid …
III Russia-China Energy Business Forum Brings Together More than 300 Representatives of Major Companies
Representatives of the Governments of the Russian Federation and the People’s Republic of China as well as over 300 Russian and Chinese entrepreneurs from major companies took part in the 3rd Russian-Chinese Energy Business Forum. The Forum was attended by Vice Premier of the State Council of the People’s Republic of …
Rosneft, USPTU and Tsinghua University Agree on Cooperation in Education
Rosneft, the Ufa State Petroleum Technological University (USPTU) and one of China’s leading universities, Tsinghua University, signed a cooperation agreement on personnel training during the III Russian-Chinese Energy Business Forum. Personnel training and development are priority tasks under the Rosneft-2022 strategy. The Company provides opportunities for its employees to continuously …
Rosneft: Signed a Number of Agreements to Involve Chinese Companies in Capital Construction Procurement Procedures
Rosneft and a number of Chinese companies signed agreements on cooperation in the field of procurement procedures at the 3rd Russian-Chinese Energy Business Forum. The main target of the model agreement is to develop long-term mutually beneficial cooperation and enable Chinese companies to participate in Rosneft’s procurement procedures for construction of …
Rosneft and CNPC Signed a License Agreement for the use of Hydraulic Fracturing Modeling Technology
Rosneft and the Chinese National Oil and Gas Corporation CNPC, within the framework of the III Russian-Chinese Energy Business Forum, signed a license agreement for the use of RN-GRID software – technologies for modeling and designing hydraulic fracturing (HF). Rosneft’s own development will help improve the efficiency of the development of …
Rosneft: Agrees with Chinese Companies to Study the Wind Energy Potential of Vostok Oil Project
During the III Russian-Chinese Energy Business Forum, Vostok Oil (Rosneft Group Subsidiary) and a number of Chinese companies signed a cooperation agreement to conduct the study of the wind energy potential of Vostok Oil Project. The study precedes the start of the work to design, construct and commission a wind …