OPEC Daily Basket Price: Friday, 15 October 2021, Stood at $83.54 a Barrel
Vienna, Austria, 18 October 2021 – The price of OPEC basket of thirteen crudes stood at $83.54 a barrel on Friday, compared with $82.50 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), …
Natural Gas is the Answer to Energy Crunch, Transition
The current energy crunch around the world and the intensifying climate change debate serve to highlight the serious need to embed natural gas as part of a long-term solution to energy market stability and transition, HE Yury Sentyurin, Secretary General of the Gas Exporting Countries Forum (GECF) said at the …
TATNEFT: Resumes Geological Exploration in Libya
TATNEFT resumed geological exploration in the country in the face of the normalization of the situation in Libya with the support of the National Oil Corporation of Libya (NOC). Currently, the Company is starting to complete the work on the wells of one of the contract blocks, which drilling of …
From Mobile Data Centers to Digital Twins of Fields: Rosatom Presented a Portfolio of Digital Products for Import Substitution at the Fuel and Energy Complex
ROSATOM presented a portfolio of industrial software and hardware solutions for enterprises of the fuel and energy complex, which includes software packages for mathematical modeling of physical processes, management of capital construction projects, a proposal for transferring workstations to domestic software. new solutions in the field of digital infrastructure. Opportunities …
Gazprom Neft and LUKOIL Will Join forces to Develop Enhanced Oil Recovery Technologies
Gazprom Neft and LUKOIL signed an agreement on cooperation in the implementation of projects to enhance oil recovery. The document was signed by Alexey Vashkevich, Director for Technological Development of Gazprom Neft, and Ilya Mandrik, Vice President for Geological Exploration and Development of LUKOIL. The partners agreed to work together to …
OPEC Daily Basket Price: Thursday, 14 October 2021, Stood at $82.50 a Barrel
Vienna, Austria, 15 October 2021 – The price of OPEC basket of thirteen crudes stood at $82.50 a barrel on Thursday, compared with $81.79 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), …
PPDR “Polyarnaya Zvezda” Completed Drilling Season 2021
The Polar Star semi-submersible floating drilling rig (SSDR) has arrived at the winter base . After the completion of the construction of two wells on the shelf of Sakhalin Island, from October 9 to October 12, 2021, the SSDR was towed by the Saturn and Pomor transport and tugs to the Zyryanskaya Bay. Upon arrival, work …
Rosneft: Sells 5% in Vostok Oil to a Consortium of Vitol and MME
Rosneft and a consortium of Vitol S.A. and Mercantile & Maritime Energy Pte. Ltd. (75% – Vitol, 25% – MME) have closed a deal to sell a 5% stake in the authorized capital of Vostok Oil LLC. The deal was approved at a meeting of the Rosneft Board of Directors. …
Igor Sechin and Bernard Looney Hold a Meeting
During the Russian Energy Week-2021 (REW), a meeting was held between Igor Sechin, Chief Executive Officer of Rosneft, and Bernard Looney, Chief Executive Officer of BP. The parties discussed the prospects of cooperation development, including the possibility of gas supplies to Europe under an export contract between the companies. “Implementation …
Gazprom and Russian Government Sign Agreement of Intent on Hydrogen Energy
Alexander Novak, Deputy Prime Minister of the Russian Federation, and Oleg Aksyutin, Deputy Chairman of the Management Committee – Head of Department at Gazprom, today signed at Russian Energy Week International Forum 2021 an Agreement of Intent aimed at advancing the hi-tech area of activity “Development of hydrogen energy and decarbonization of industry and transport on the basis of natural gas” in the Russian Federation. The …