Gazprom Management Committee Endorses Revised Investment Program and Budget for 2021
The Gazprom Management Committee endorsed the revised drafts of the investment program and budget (financial plan) for 2021. As per the revised investment program for 2021, the overall amount of investments will stand at RUB 1,185.258 billion, which is RUB 282.845 billion more than was envisaged in the investment program approved in December 2020. Of that amount, RUB 1,024.929 billion (up by RUB 160.866 billion) is intended …
LUKOIL and Gazprom Neft: Form Meretoyakha Neftegaz JV to Develop a Large Cluster in YANAO
PJSC LUKOIL and PJSC Gazprom Neft concluded an agreement on creating a joint venture to develop a major oil and gas cluster in the Nadym-Pur-Tazovsky area of the Yamal-Nenets Autonomous District. The document was signed by Vagit Alekperov, President of LUKOIL, and Alexander Dyukov, CEO of Gazprom Neft PJSC, in presence …
OPEC Daily Basket Price: Wednesday, 15 September 2021, Stood at $73.78 a Barrel
Vienna, Austria, 16 September 2021 – The price of OPEC basket of thirteen crudes stood at $73.78 a barrel on Wednesday, compared with $73.29 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), …
RN-Yuganskneftegaz: Drilled a Record Longest Horizontal Well
Experts from RN-Yuganskneftegaz, the largest production asset of Rosneft, drilled the longest horizontal well among the Company’s onshore drilling operations. The depth of the well was 6196 meters, and the length of the horizontal section was 3034 meters. The well was drilled at well pad No. 600 of the Priobskoye field …
Gazprom: Ramps up Gas Production and Supplies Over 8.5 months of 2021
According to preliminary data, Gazprom produced 357.7 billion cubic meters of gas in the first 8.5 months of 2021, which is 17.8 per cent (or 53.9 billion cubic meters) more than in the same period of last year. Gazprom ramped up its domestic supplies from the gas transmission system by 14.8 per cent …
Gazprom Neft and the Government of the Yamalo-Nenets Autonomous Okrug to Create a Modern Logistics Park in Yamal
Gazprom Neft’s subsidiary, Gazpromneft-Snabzhenie, and the Government of the Yamalo-Nenets Autonomous Okrug are joining forces in the development of the Obskoy Berth industrial and logistics park located in the town of Labytnangi. The Agreement of Intent for cooperation at the Tyumen Oil and Gas Forum was signed by Dmitry Potapov, General …
OPEC Daily Basket Price: Tuesday, 14 September 2021, Stood at $73.29 a Barrel
Vienna, Austria, 15 September 2021 – The price of OPEC basket of thirteen crudes stood at $73.29 a barrel on Tuesday, compared with $72.77 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 Neft and TMK will Jointly Develop Technology Startups
Gazprom Neft – Technological Partnerships and the Pipe Metallurgical Company (TMK) will jointly search for and implement innovative solutions in the field of oil and gas production, the pipe industry and cross-industry solutions. The corresponding agreement was signed during the Tyumen Oil and Gas Forum by Kirill Strizhnev, Director General …
35 Inspection Forms for Rig Check
Rig Check was developed by the National Institute for Occupational Safety and Health (NIOSH) in partnership with safety experts from the oil and gas extraction industry. It is made up of 35 inspection forms. The forms are designed to be used by rig workers to document the inspection of tools and equipment commonly found …
OPEC Turns 61
OPEC takes pride in honouring and celebrating its rich and unique history and heritage, particularly on the Anniversary of its founding on 14 September 1960. The year 2021 marks the 61st Anniversary of that auspicious day and represents an opportunity to reflect on the Organization’s past and look to the …