Gazprom: Ramping Up Gas Production
According to preliminary data, Gazprom produced 378.1 billion cubic meters of gas in January–September of 2021, which is 17.3 per cent (or 55.7 billion cubic meters) more than in the same period of last year. Gazprom ramped up its domestic supplies from the gas transmission system by 15.9 per cent (or by 23.9 billion cubic …
Supplies of Russian Gas to Hungary and Croatia Via New Route Commences
Today, Hungary and Croatia started receiving Russian natural gas via a new route: the gas is supplied by the TurkStream gas pipeline and further across the national gas transmission systems of Bulgaria, Serbia, and Hungary. Supplies via this route were made possible thanks to a new gas trunkline built in Hungary by FGSZ Ltd., as well as the completion of expansion of the national gas …
OPEC Daily Basket Price: Thursday, 30 September 2021, Stood at $77.72 a Barrel
Vienna, Austria, 1 October 2021 – The price of OPEC basket of thirteen crudes stood at $77.72 a barrel on Thursday, compared with $77.13 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), …
Uzbekistan Hails Debut International Rating for State Energy Giant
The Uzbekistan Ministry of Energy today welcomed the debut rating for the state-owned Uzbekneftegaz JSC (UNG) by Fitch Ratings, a major milestone towards the creation of a market-based energy sector in the nation. Fitch has assigned a rating of BB- with stable outlook to UNG, following the oil and gas …
Defining Moment for the World on Natural Gas: GECF Annual Workshop
The cleanest of all the fossil fuels has entered its most defining moment as the world gets back to the twin ambitions of economic recovery and sustainable progress, the participants of the 4th GECF Annual Workshop on Promotion of Natural Gas Demand heard on Wednesday (29 Sept). Welcoming the global …
Wintershall Dea Investigates Conversion of North Sea Natural Gas Pipelines for CO2 Transport
Wintershall Dea, Europe’s leading independent gas and oil company, is working with the OTH Regensburg University of Applied Sciences to explore how existing natural gas pipelines in the southern North Sea can be used for future CO2 transport. Initial calculations paint a positive picture. Results obtained so far suggest that the …
Rosneft and ExxonMobil to Cooperate in Carbon Management
Rosneft Oil Company and ExxonMobil have signed a Memorandum of Understanding to cooperate to assess the potential of lower-carbon technologies to reduce greenhouse gas emissions. The companies will consider the prospects of new projects initially focused on carbon capture, utilisation and storage and the development of lower-carbon fuels, such as …
RN-Yuganskneftegaz: Drills Record Well
RN-Yuganskneftegaz (a production asset of Rosneft) drilled a well with a record horizontal section length of 1,482 meters in the Bazhenov formation of the Priobskoye field. The company pays great attention to the development of hard-to-recover oil reserves (TRIZ). The growth of exploration drilling, as well as the fastest possible involvement …
OPEC Daily Basket Price: Wednesday, 29 September 2021, Stood at $77.13 a Barrel
Vienna, Austria, 30 September 2021 – The price of OPEC basket of thirteen crudes stood at $77.13 a barrel on Wednesday, compared with $78.37 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), …
Kashagan Reaches 500 Mln Barrels of Oil
North Caspian Operating Company N.V. (NCOC), the Operator of the North Caspian project, announces that it has reached another significant production milestone – 500 million barrels of oil since the start of the Kashagan oil production 5 years ago. This achievement demonstrates stable growth and development of NCOC, which continues …